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Penalty for late filling of income tax return

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(Querist)
29 August 2012 Dear Sir/Madam,

Income for the F.Y.2010-2011(A.Y.2011-2012) are as under;

01.Total Income from Salary Rs.126150.00
02.Business Income Rs.71983.00
03.Payments of LIC Rs. 25500.00

What will the total tax liability and interest?

is penalty of Rs.5000/- will be chargeble if we file the return in the month of Sep'2012?
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Soumitra Basu

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Soumitra Basu (Expert)
02 September 2012 You may file your return upto 31.03.2013.
No penalty is leviable under section 271F.

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