Late fee under Section 234F, ITR Late fee for AY 2021-22, Late fee in Income Tax Return filing

SECTION – 234F : Fees for default in furnishing return of income

(1) Without prejudice to the provisions of this Act, where a person required to furnish a return of income under section 139, fails to do so within the time prescribed in sub-section (1) of said section, he shall pay, by way of fee, a sum of,

(a) five thousand rupees, if the return is furnished on or before the 31st day of December of the assessment year;
(b) ten thousand rupees in any other case:

Provided that if the total income of the person does not exceed five lakh rupees, the fee payable under this section shall not exceed one thousand rupees.

[From 01-04-2021]

“(1) Without prejudice to the provisions of this Act, where a person required to furnish a return of income under section 139, fails to do so within the time prescribed in sub-section (1) of the said section, he shall pay, by way of a fee, a sum of five thousand rupees.
Provided that if the total income of the person does not exceed five lakh rupees, the fee payable under this section shall not exceed one thousand rupees.”.

Sec-234F (1) : वैसे Persons जिनका Gross Total Income (Income from all Sources without any deduction) रु 2,50,000 से ज्यादा है, अगर वो Due Date के बाद अपना ITR फाइल करेंगे तो उनको Late-Fee देना होगा :

अगर Gross Total Income [Sec-80C से 80U तक का Deduction के पहले] रु 5,00,000 तक है रु 1000
अगर Gross Total Income [Sec-80C से 80U तक का Deduction के पहले] रु 5,00,000 से ज्यादा है रु 5000

(2) The provisions of this section shall apply in respect of return of income required to be furnished for the assessment year commencing on or after the 1st day of April, 2018.”.

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