The penalty for late filing of an allotment form can vary depending on the specific regulations and laws of a particular jurisdiction or organization. In many cases, there may be a late filing fee imposed, which could range from a fixed amount to a percentage of the allotment being filed. Additionally, the late filing may lead to administrative or legal consequences, such as the rejection of the allotment request or potential legal action. It is important to consult the relevant regulations or consult with a legal or financial professional for accurate and up-to-date information on the penalty for late filing of an allotment form in a specific context.