Late filing of itr

Ashish (Nothing) (23 Points)

22 May 2017  
If the assessee have income 257000 for AY 16-17 Then tax become due 721 but due to 87A tax become nil. But the time of filing of ITR is gone. Now we have to file return on22/05/2017. What is the consequences. And also tell me if in the same case tax is become 721/50000/1000000, then what is consequences