Missed the July 31 ITR Deadline? Here’s How Much It Could Cost You and What To Do Next
The July 31, 2026 deadline for filing Income Tax Returns has now passed for most salaried individuals, pensioners, students, and other taxpayers without business income or audit requirements. Those who missed it are not out of options, but delay comes at a cost, ranging from late fees and interest to the loss of key tax benefits. Here is what taxpayers need to know about their next steps.