watch_later 10/04/18

How much penalty will be paid if income tax return is filed after due date?

If I file IT return after due date but before 31 March, how much penalty to be paid?

1 Response | Latest response: 10/04/18 | Sort by Likes(thumb_up) Recent | Income-Tax Reply
watch_later 10/04/18

Penalty/late filing fee if IT return is filed late

Return is filed on or before 31st December of Assessment Year - Rs. 5,000

Filed in other cases - Rs. 10,000

If taxable income is below Rs. 5 lakhs then penalty is restricted to Rs. 1000 only.


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