Under Section 234F of the Income Tax Act, the penalties of late filing of Income Tax Return for Assessment Year 2020-21 are as follows:
Date of E-FilingIf your overall income is <5,00,000 INRIf your overall income is >5,00,000 INRDecember 31, 2021NilNilDecember 31, 202,1 to March 31, 20221,000 INR5,000 INR