Missed ITR Filing Deadline

If you have missed the deadline for filing your income tax return, *do not panic*. You can still file your return with a late fee. The late fee amount depends on your total income. For example, if your total income does not exceed Rs 5 lakh, the maximum late fee is Rs 1,000. You will also be required to pay interest on unpaid tax under Sections 234A, 234B, and 234C.
Some key points to note are:
- The late fee for filing income tax returns after the deadline is based on the total income of the individual
- Interest is also payable on unpaid tax under various sections.
Individuals should review their options and take necessary action to file their returns as soon as possible to avoid further penalties and interest.