Only 5 Days to Go: Tips to Save Yourself from Penalties

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Only 5 days left for filing your ITR .

If deadline it may lead to:

  • Late fee under Section 234F (₹1,000 or ₹5,000 on income above 5 lakh).
  • Extra interest under Section 234A on pending tax.

Tips

If you do not have full details ready, file a basic ITR now to meet the deadline. 

You can always file a revised return till 31st Dec 2025 with full details.

This way, you can avoid late fees, save on interest, and stay stress-free.

Replies (1)

Penalties to Watch Out For:

  • Section 234F Late Fee:

    • ₹1,000 if filing after due date but before 31 Dec of AY.

    • ₹5,000 if filing after 31 Dec but before 31 March (for income > ₹5 lakh).

  • Section 234A Interest:

    • 1% per month on outstanding tax from due date till payment.


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