What is the last date for filing an ITR in 2022

14 Jul 2022
5 min
3.8
Rated by 42 readers
  • Table of Contents

    • What is the last date for filing an income tax return?
    • Noteworthy due dates of Income Tax Return Filing
    • What is the due date to pay advance tax instalments?
    • What if you missed filing the return within the due date?
    • FAQs

ITR or Income Tax Returns is primarily a form submitted to the income tax for a particular financial year, like 2021-2022. Every year, it is mandatory for all the earning Indians to file ITR before the ITR filing last date. After this date, a penalty is charged for late filing of ITR. So, make sure you do not forget the ITR last date.

ITR has detailed information on all the sources of income of an individual. Based on the sources of income, the amount of income, and the type of taxpayer, the taxes are paid by the individual to the income tax department. There are a total of 7 types of ITR forms - 1 to 7. Depending on the amount and nature of income and taxpayer, the particular form is filled. The source of income can be salary, house rent, capital gains, lottery, interest, etc. –

What is the last date for filing an income tax return?

One of the most frequently asked questions every year is when is ITR filing last date? Well, the ITR last date is tentative to vary for different types of taxpayers. How? The salaried individuals have a deadline of 31st July of every year. However, ITR last date for corporate employees is 31st October of the assessment year. The date, for certain reasons, may also be extended by the government. Look at the table below to gather more information –

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Individual/AOP/HUF/BOI
31 July 2022
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Businesses with audit requirements
31 October 2022
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Businesses with transfer pricing audit requirements
30 November 2022
Noteworthy due dates of Income Tax Return Filing
  • 15 June 2022: First instalment of advance tax for the FY 2022-23
  • 31 July 2022: ITR filing date (2022-23) for individuals and entities not eligible for tax audit and who have not joined any international or specified domestic transaction
  • 15 September 2022: Due date for the second instalment of advance tax for the FY 2022-23
  • 30 September 2022: Submission of audit report for taxpayers liable for audit under the Income Tax Act
  • 31 October 2022: ITR filing for taxpayers requiring audit
  • 31 October 2022: Submission of audit report for AY 2022-23 for taxpayers having transfer pricing and specified domestic transactions
  • 30 November 2022: ITR filing for taxpayers requiring transfer pricing audit
  • 15 December 2022: 3rd instalment of advance tax
  • 31 December 2022: Last date for filing a belated return or revised return for the financial year 2021-22.

What is the due date to pay advance tax instalments?

Advance income tax has to be paid by all the Indians who are eligible to pay a minimum of ₹10,000 income tax per year. At the end of the year, if the income tax department finds out that you paid more than you should, the excess tax paid is refunded. To get this refund, you need to file your income tax return. All those people who have an income/earning apart from salary are liable to pay estimated advance tax. Let's take a look at it in detail based on different taxpayers –

Advance tax payment in case of persons not covered under section 44AD or 44ADA of the Income-tax Act, 1961
They are required to make advance tax payment. Here are the specified dates for the same –

  • 15th June-15% of the total estimated tax for the financial year
  • 15th September-45% of the total estimated tax for the financial year
  • 15th December-75% of the total estimated tax for the financial year
  • 15th March – 100% of the total estimated tax for the financial year

Advance tax payment in case of persons covered under section 44AD or 44ADA of the Income-tax Act, 1961
They are required to make advance tax payment of their total tax liability by 15th March of the financial year.

The advance income tax can be paid via both online and offline methods. Visit the official website of NSDL or Income Tax Department and submit Challan 280. For the offline method, you need to visit the banks that have been authorized by the Income Tax Department for collecting advance income tax.

What if you missed filing the return within the due date?

Sometimes you may miss and cross the ITR last date. So, what next? What can you possibly do to file the ITR when you forget or miss filing within the due date? Do not worry. You are probably not the only one in this situation. The solution to this problem is the belated return or an updated return.

Belated return ITR filing is for the people who miss filing the ITR within the specified date. The date for Belated ITR is also specified by the government. However, missing out the due date may lead you to pay a certain late fees.

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FAQs

Tax evasion is considered a serious crime. Hence, escaping ITR can lead to a minimum imprisonment of 3 months and a hefty fine.
There are several benefits of becoming a regular taxpayer and filing ITR within due date, like –
  • You can easily get a loan approved
  • You can get your VISA approved
  • Enjoy medical insurance deductions under ITR
  • ITR helps you file for tax refund
    • Disclaimer

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