The last date for filing belated income tax return (ITR) is slowly approaching. Now less than a week is left for this. Earlier, the government had extended the last date for filing ITR from 31 december to 15 january 2025. The last date for ITR for the financial year 2023-24 was 31 July 2024, but if a taxpayer missed filing it or there is any mistake in the earlier filing, then the last date for filing revised and belated ITR is 15 January. Revised ITR can be filed under section 139(5) of the Income Tax Act.
This much late fee will be charged
However, now you will have to file ITR with late fee, which will depend on your total income. If your annual income is less than Rs 5 lakh, then you will have to pay a late fee of Rs 1,000 and if the income is more than Rs 5 lakh, then you will have to pay a late fee of Rs 5,000. Along with this, even if you file ITR after the last date, you will have to pay Rs 5,000 as a late fee. In such a situation, now get ready to file ITR quickly because there is less time left.
File ITR in this way
The method of filing ITR is also easy. For this, first go to the official website of the Income Tax Department and then login by entering your PAN number. Now select the ITR form based on your income and category. Just keep in mind that for the financial year 2024, choose Assessment Year 2024-25. Now fill in the personal details as well as give information about income and deductions. Finally complete the filing process by entering Aadhaar OTP and verify your return. If you want, you can also submit your form offline by going to the Income Tax office.
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