Penalty for Late Filing of Income Tax Return

Penalty for Late Filing of Income Tax Return

 The due date for filing ITR for Assessment Year 2018-19 is 31st July 2018.

Effective from the financial year 2017-18, a late filing fee will be applicable for filing returns after the due date.

 Late Filing Fees / Penalties

Late Filing Fee Details
E- Filing Date Total income Below Rs 5,00,000 Total income Above Rs 5,00,000
Up to 31st July 2018 Rs 0 Rs 0
Between 1st Aug 18 to 31 st Dec 18 Rs 1,000 Rs 5,000
Between 1st Jan 19 to 31st March 19 Rs 1,000 Rs 10,000

 

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