Late Fee For ITR 4

What is Late Fee if taxable income under 500,00,/-
Replies (3)
Quick Summary
This discussion clarifies the late filing fee for ITR 4 returns. The penalty, as per section 234F, is determined by your taxable income. For incomes below ₹5 lakhs, the late fee is ₹1,000. For incomes exceeding ₹5 lakhs, the fee increases to ₹5,000 if filed by 31st December, and ₹10,000 if filed by 31st March.

10000 will be levied
Late fee for late filing of return depend upon taxable income (under 234F)

a. 1000 if taxable income < 5 lakhs
b. 5000 if > 5 lakhs upto 31st Dec
c. 10000 if > 5 lakhs upto 31st March 2020

In your case taxable income less than 5 lakhs so late fee will be 1000/- only.

AND WHAT'S PERIOD IS APPLICABLE AS 31ST DECEMBER OR 31 MARCH

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details