Thursday, September 18, 2025

Will you need to pay a late fee for filing ITR after due date if you have nil tax liability?

Taxpayers filing belated ITRs after the deadline of September 16, 2025, may face late fees, even with no tax liability under the new regime. As per the rule, if your total income is above the basic exemption limit, you must file your return within the due date. If you miss it, a late fee under Section 234F will apply — ₹1,000 if income is up to ₹5 lakh, and ₹5,000, if it is more than ₹5 lakh.

from Tax-Wealth-Economic Times https://ift.tt/YANdRKb

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