Penalty on Senior citizens

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This discussion clarifies the ITR filing deadline extension for senior citizens for assessment year 2025-26, which has been moved to September 15, 2025. However, it's crucial to note that the deadline for paying any due taxes, such as self-assessment tax, remains July 31, 2025. Failing to pay taxes by this date can still result in interest and penalties, even if the return is filed by the extended deadline.

SHAHNH

SHAHNH (Querist)
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02 July 2025 Hello!... Experts,

Came across a below mentioned article.
Will it be also applicable to Senior Citizens.
Filing ITR-2 as short & long term capital gains are there. Usually paying the exact tax computed by their system on return filing to avoid delay in processing due to refund.

ITR Filing Deadline Extended
The Government of India has extended the deadline for filing ITRs for the assessment year 2025-26. Usually, the deadline for filing income tax returns is July 31, 2025; however, the deadline has now been extended to September 15, 2025. This deadline is only applicable to non-audit taxpayers (most salaried individuals and small business owners).

But any taxes that are due, such as final tax or self-assessment tax, must still be paid before July 31, 2025. Taxpayers making payments of these taxes after the due date may suffer consequences such as interest and penalty, even if the return is filed by September 15, 2025.

Read more at: https://studycafe.in/itr-filing-major-income-tax-changes-to-take-effect-from-july-1-384006.html

Thanks in advance.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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02 July 2025 Yes, it was applied earlier also. So, to avoid any interest penalty, you may pay estimated tax liability before 31ay July.

SHAHNH

SHAHNH (Querist)
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02 July 2025 Usually Seniors are exempted to pay advance tax. So in this case will it be still applicable.

Also just now came across another article which states it would not be applicable.

ITR filing due date extended but deadline to pay final tax without penalty is July 31 or Sept 15 now for FY 2024-25? - The Economic Times https://m.economictimes.com/wealth/tax/itr-filing-due-date-extended-but-deadline-to-pay-final-tax-without-penalty-is-july-31-or-sept-15-now-for-fy-2024-25/articleshow/122018340.cms

Is there any notification issued by the department in this matter.

Thanks

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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02 July 2025 There is no notification as on date but it is also applicable to senior citizens. Extension is only applicable for ITR filing. Not for tax payable.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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27 September 2025 Good luck..

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