ITR filing Last Date and Fee for delayed filing of Income Tax Return (Section 234F)

Filing income tax returns within the prescribed due date is mandatory for all taxpayers. Failure to do so can attract penalties and legal consequences. By adhering to the deadline, taxpayers demonstrate their commitment to complying with tax laws and fulfilling their civic responsibilities. For the timely compliance and filing of Return new Section 234F has been introduced by government which was made effective from F.Y.2017-18.

The last date to file ITR for FY 2023-24 (AY 2024-25) is 31st July 2024. Also, the last date to file a late return for the same FY is 31st December 2024.

Income tax filing due dates for FY 2023-24 (AY 2024-25)

In case you miss the ITR filing deadline? Quantum of fees that can be levied under 234F 

• No late filing Fees applicable in case total income does not exceed Rs. 2.5 Lakh. But in case,
• Total income > 5 Lakhs & return is filed after the due date, Fee = Rs. 5000
• Total income <= 5 Lakhs & return is filed after the due date, Fee = Rs.1000.

Persons covered 

All persons including individuals, HUF, Company, Firm, AOP etc. will be covered under the scope of Section 234F of Income Tax Act 1961. All persons will be liable to pay late filing fees when the Income Tax Return is filed after their respective due dates.

How to Pay 234F Fees

For the payment, one need to select challan no 280 than under type of payment select “Self assessment (300)” and mentioned amount of payment under column “others”