The penalties for late filing of calculated income can vary depending on the country and the specific tax laws in place. In the United States, for example, the penalty for late filing of income taxes is generally a percentage of the amount of tax owed. The penalty is 5% of the unpaid tax for each month or part of a month that the return is late, up to a maximum of 25%. However, if the return is more than 60 days late, there is a minimum penalty of $205 or 100% of the unpaid tax, whichever is less. It is important to note that these penalties are subject to change and can vary depending on individual circumstances and the amount of tax owed. It is always advisable to consult with a tax professional or the appropriate tax authority for accurate and specific information regarding penalties for late filing of calculated income.