Due Date to file ITR for F.Y 2017-18 with Penalty

income tax due date

The due date to file Income Tax Return for the Financial Year 2017-18 was 31st August 2018, but any taxpayer who filed Income Tax Return after the stipulated time was supposed to pay certain amount of Penalty. The taxpayers who filed Income Tax Return after 31st August 2018, were supposed to pay a late penalty of Rs. 5000, but those who had an annual income of upto Rs. 5 Lakhs were supposed to pay Rs. 1000. Those taxpayers who filed their income Tax Return after 31st December 2018, were required to pay a penalty of Rs.10,000, as per section 234F of the Income Tax Act.

Particulars of Penalty
Due DateAnnual Income Below Rs. 5 LakhsAnnual Income Above Rs. 5 Lakhs
31st August 2018Rs 0Rs 0
Between 1st Sep 18 to 31st Dec 18Rs 1,000Rs 5,000
Between 1st Jan 19 to 31st March 19Rs 1,000Rs 10,000

Last Date To file Income Tax Return for the Financial Year 2017-18 with penalty is 31st March 2019. So, file your Income Tax Return before 31st March 2019, otherwise you will not be able to file it later or get Income Tax Refund, if you have paid extra taxes than your actual tax liability.

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