The income tax return (ITR) you should file now is for the financial year 2024-25, which corresponds to the assessment year 2025-26. The deadline to file the ITR for FY 2024-25 (AY 2025-26) has been extended to September 15, 2025. After this date, you can still file a belated return until December 31, 2025, but it will incur penalties and interest.

Key details:

• The current deadline to file the return for FY 2024-25 (AY 2025-26) without penalty is September 15, 2025.
• If missed, you can file a belated return until December 31, 2025, with a penalty ranging from Rs 1,000 to Rs 5,000 depending on income and additional interest charges.
• Choose the appropriate ITR form based on your income sources (e.g., salary, business, freelance).
• The extension was provided due to revisions in the ITR forms and filing utilities.

Thus, you should file your ITR for the financial year 2024-25 by September 15, 2025, to avoid penalties.