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

1826 views 1 replies

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.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
ARTICLESHIP 08 July 2026
Articles

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details