Question 1

What is the late filing fee under Section 234F?

Accepted Answer

₹5,000 if the return is filed after the due date, reduced to ₹1,000 if total income does not exceed ₹5,00,000. No fee applies if total income is below the basic exemption limit and the return is not otherwise mandatory. The fee is payable before the belated return can be filed, and it applies even if no tax is due.

Question 2

What is interest under Section 234A?

Accepted Answer

1 percent per month, or part of a month, on the tax outstanding after TDS, advance tax and self-assessment tax, from the day after the due date to the date of filing. Any part of a month counts as a full month, so filing one day into a new month adds a full 1 percent. If no tax is outstanding there is no 234A interest, only the 234F fee.

Question 3

What is the due date for filing ITR?

Accepted Answer

31 July for individuals and non-audit cases; 31 October for businesses requiring audit; 30 November where transfer-pricing reports apply. A belated return can be filed until 31 December of the assessment year, after which only an updated return under Section 139(8A) is possible, with additional tax of 25 to 70 percent.

Question 4

Can I file after 31 December?

Accepted Answer

Not a belated return. From 1 January you can file an updated return under 139(8A) within 48 months of the end of the assessment year, paying the tax plus additional tax of 25 percent in the first 12 months, 50 percent in the next 12, 60 percent in the third year and 70 percent in the fourth. An updated return cannot claim a refund or increase a loss.

Question 5

Do 234B and 234C also apply?

Accepted Answer

They can, independently. 234B is for advance tax paid below 90 percent of the assessed tax; 234C for short or late instalments. Both run on their own clocks and are shown in the advance tax calculator. This tool covers only the filing-related 234F and 234A.

ITR Late Filing Fee & Interest Calculator

What a late return costs, before you file it

Frequently Asked Questions

Explore All Features