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# consequences of missing itr filing deadline

1 posts in `consequences of missing itr filing deadline` tag

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Basic of Income tax return

Consequences of Missing July 31 Deadline for ITR Filing: Penalties and Other Outcomes

If an individual earning income misses the ITR filing deadline, they can still do so by paying a late fee. The late fee is Rs. 5,000 for an annual taxable income of Rs. 5 lakhs or more, and Rs. 1,000 for taxable income below Rs. 5 lakhs.