The deadline to file the income tax return (ITR) for AY 2025-26 in non-audit cases ended last month on 16th September. Now, taxpayers whose accounts do not require an audit have time till 31st December to file a belated tax return by paying a penalty of up to Rs 5,000.
Now the question arises — what if the Income Tax Department owes you a refund, but you miss the original due date and file your ITR after the deadline? Will you still receive interest on the refund amount?
Yes, you will get the interest on the pending tax refund amount . But because the returns are filed after the due date, the interest will be calculated from the date of filing the return to the date of payment of the TDS refund.
If the return was filed within the due date (16th September for FY 2024–25), the inter