Penalty for Late filing of Income Tax ReturnPenalty for Late filing of Income Tax Return U/s. 234 F for the period 1st April 2017 to 31st March 2018.For the Assessees liable to file their Income Tax Return by 31st July 2018 is as underFiling on or before 31st July 2018 - NIL1st Aug 2018 to 31st Dec 2018 Taxable income more than INR 5 Lakhs - INR 5000/-Taxable income up to INR 5 Lakhs - INR 1000/-1st Jan 2019 to 31st Mar 2019Taxable income more than INR 5 Lakhs - INR 10000/-Taxable income up to INR 5 Lakhs - INR 1000/-

All Income Tax Return Forms for the period 1st April 2017 to 31st March 2018 are now available for e-Filing. File your Income Tax Return on or before the due date to avoid penalty under section 234 F of the Income Tax Act, 1961