Income Tax Filing for FY 2020-21 Under 5 lacs Salary

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The deadline for filing Income Tax for the Financial Year 2020-21 for individuals earning under 5 lacs was 31st December 2021, without penalty. The government later extended the deadline for filing belated or revised Income Tax Returns (ITR) to 31st March 2022. However, filing after the initial deadline will incur a penalty under section 234F.

Rahul Singh

Rahul Singh (Querist)
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05 November 2021 What is the last date to file Income Tax Filing for FY 2020-21 under 5 lacs salary/income?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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05 November 2021 31st December 2021 without penalty...

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Rahul Singh

Rahul Singh (Querist)
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05 November 2021 thank you for answer

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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05 November 2021 The government has also extended the deadline to file belated and/or revised ITR by two months from January 31, 2022 to March 31, 2022, under sub-section (4)/sub-section (5) of section 139 of the Act. That will be with penalty u/s. 234F.

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