Late ITR Filing Fees Calculator under Section 234F

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.

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 August 2018 then you have to pay late fees.