Penalty you will have to pay for filing belated ITR

Penalty amount for delayed ITR filing till FY20

Till the financial year 2019-20 (AY 2020-21), there was a two-tier structure. If the delayed ITR was filed after the expiry of the deadline (July 31) but on or before December 31, a late fee of Rs 5,000 was applicable. If the ITR was filed between January and March, a late filing fee of Rs 10,000 was levied.

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