Late fees u/s 234F....

How much will be the late fee if income tax return is filed after 31st July?
regards,
Replies (3)
Quick Summary
This discussion clarifies the late fee applicable under Section 234F of the Income Tax Act for filing returns after the 31st July deadline. If your total income exceeds £5 Lakhs and you file late, the fee is £5000. For incomes of £5 Lakhs or less, the late fee is £1000, assuming the due date hasn't been extended.

Unless the due date been extended beyond 31st July, 2024 ...

If your total income is more than 5 Lakhs & return is filed after the due date, Fee = Rs. 5000

If the total income is less than or equal to 5 Lakhs & return is filed after the due date, Fee = Rs.1000.

Ok sir

You are welcome.            

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