ITR filing deadline: Last 2 days to file late income tax, penalty, how to file return after due date?

Taxpayers who are yet to file their Income Tax Return for the financial year 2023-24 still have time till January 15, 2025, to sort out late returns. Late fee for late filing of ITR Income below Rs 5 lakh: Rs 1,000 late payment Income of Rs 5 lakh and above: Rs 5,000 late fees The initial last date for filing ITR without a late fee is July 31, 2024. Consequences of missing the January 15 deadline Legal notices: The Tax Department collects income statements from various sources. Advice for salaried employees Salaried employees must submit proof of tax savings, such as contributions to a tax savings plan or home loan receipts, to their employer’s finance department by January 15, 2025.