Late fee for AY 19-20

This discussion clarifies the late fee implications for Assessment Year 19-20 under Section 234F of the Income Tax Act. It explains that the late fee depends on your total income, with zero fee if income is below the exemption limit, Rs. 1000 if income is between the exemption limit and Rs. 5 lakhs, and Rs. 5000 or Rs. 10,000 for higher incomes. Importantly, the extended deadline for belated returns to 31st March 2020 means many may not incur a late fee if filed within this period.