Calculator Section 234F
Know your late filing fee under Section 234F and avoid penalties effortlessly
Late Fees
for FY. 2023-2024
(AY. 2024-2025)
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Late Filing Fee Under Section 234F
The amount of late filing fee under Section 234F depends on your total income and the filing date. Here’s how it works:
Income > Rs. 5 Lakhs
If your total income exceeds Rs. 5 Lakhs and you file your return after the due date, you will be charged a penalty of Rs. 5000.
Income ≤ Rs. 5 Lakhs
If your total income is less than or equal to Rs. 5 Lakhs and you file your return after the due date, the penalty is Rs. 1000.
Income Below the Exemption Limit
If your total income does not exceed the exemption limit (Rs. 2.5 Lakhs for individuals below 60 years), no late filing fees are applicable.
Why You Should Use Our Section 234F Calculator?
- Instant Calculation: Know your late filing fee amount in seconds.
- Easy and Hassle-Free: Just enter your total income and filing date to get an accurate result.
- Applicable to All Taxpayers: Whether you are an individual, HUF, company, or firm, our calculator covers all categories.
How Section 234F Fee Works?
| Total Income | Return Filing Date | Late Filing Fee | Reason |
|---|---|---|---|
| Rs. 3,40,000 | 30/06/2024 | NA | Return filed before the due date |
| Rs. 2,20,000 | 29/11/2024 | NA | Income is below Rs. 3L |
| Rs. 4,00,000 | Not filed | Rs. 1000 | Income is below Rs. 5L |
| Rs. 8,50,000 | 15/11/2024 | Rs. 5000 | Income exceeds Rs. 5L |
How to Pay the Late Fee under Section 234F?
You can easily pay the late filing fee under Section 234F using Challan 280.
- Payment Mode: Choose Self-Assessment Tax under Challan 280.
- Applicable for FY 17-18 and onwards.
Points to Remember:
- Section 234F Penalties are applicable if you file after the due date.
- Late Fee Depends on Income and Filing Date.
- Self-Assessment Tax payments can be made through Challan 280.
For further assistance with ITR filing and tax queries, get in touch with our Tax Experts at TaxSpanner.