if my employer already deducted TDS on my salary total income above 5lacs
but not file return as on 31/8/2018
still have to pay penalty on this
As per the changed rules which came into effect from April 1, 2017, filing your ITR post the deadline of August 31, 2018, can make you liable to pay a maximum penalty of Rs 10,000. To break this down; if you file post 31st August but before December of this year (i.e. 2018), a penalty of Rs 5,000 will be levied. For returns filed after December 2018, penalty limit will be increased to Rs 10,000. However, as a relief to small taxpayers, the IT department has stated that if your total income is not more than Rs 5 lakh, the maximum penalty levied for delay will only be Rs 1,000.
| Late Filing Fee Details | ||
| E- Filing Date | Total income Below Rs 5,00,000 | Total income Above Rs 5,00,000 |
| 31st August 2018 | Rs 0 | Rs 0 |
| Between 1st Sep 18 to 31 st Dec 18 | Rs 1,000 | Rs 5,000 |
| Between 1st Jan 19 to 31st March 19 | Rs 1,000 | Rs 10,000 |
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