Sec 234F introduced in Budget 2017, will be applicable for the returns of F.Y 17-18 and onwards. As per this section, a person has to mandatorily pay late fees , if he files his return after the due date.It will ensure timely filing of returns of income. Use our calculator to know if you are liable to pay late fees and if yes, then it will help you to calculate its amount.

Late Fees for
F. Y. 2017-18 (A.Y. 2018-19)
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Q What is Sec 234F?

As per Section 234F, if a person is required to file income tax return (ITR) as per the provisions of income tax law [Section 139(1)] but does not file it within the prescribed time limit then late fees has to be deposited by him while filing his ITR.
The amount of fee shall depend upon your total income and the return filing time.


QHow much fee can be charged under 234F?

A. If your total income is more than 5 Lakhs :
  (i) Return is filed after 31st July but on or before the 31st day of December : Fee = Rs. 5000
  (ii) Return is filed after 31st December or in any other case : Fee = Rs. 10,000.
B. If the total income is less than or equal to 5 Lakhs : Fee = Rs.1000.


Q On whom sec 234F applies?

It applies on all persons including Individual, HUF, Company, Firm, AOP etc., if the return is filed after their respective due dates.


Q How to pay 234F Fees?

It can be paid through Challan 280, under the head of Self Assessment Tax, from F.Y 17-18 and onwards.


Q Example on quantum of fee that would be payable u/s 234 F :

Total Income Return Filing Date Amount of Fees u/s 234F Reason
3,40,000 30/06/2018 NA Return is filed before due date
2,20,000 31/03/2019 NA Since, income is below 2.5 lakh.
4,00,000 Not filed 1000 Since, income is below 5 lakh.
8,50,000 15/11/2018 5000 Return filed before 31st December 2018
15,00,000 01/02/2019 10,000 Return filed after 31st December 2018

Note of caution: Section 234F will apply for ITRs of F.Y 2017-18 (AY 2018-19) and onwards. That means if return of F.Y 17-18 is filed after 31st July 2018 then you have to pay late fees.



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