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Fill income tax return before December 31, 2021, otherwise you will have to pay a penalty of Rs 5,000 to 10,000

Income Tax Return (ITR) Filing Deadline by 31 December: If you have not yet filed income tax return for the assessment year 2021-22, then you have less than four days left. If you want to avoid paying penalty for filing return after the deadline, then file income tax return before 31st December.

According to the Income Tax Department, more than 4.51 crore taxpayers have filed income tax returns till 26 December 2021. In which only 8.7 lakh taxpayers have filed income tax returns on 26 December. The Income Tax Department has given this information by tweeting. Along with this, the Income Tax Department has also appealed to the people to file their income tax returns as soon as possible.

Penalty to be paid after December 31, 2021

Let us tell you that if you have filed the return for the assessment year 2021-22 after December 31, 2021, the deadline for filing income tax returns, then you will have to pay a penalty of Rs 5,000. And if you filed income tax return for the assessment year 2021-22 after March 31, 2022, then a penalty of Rs 10,000 will have to be paid. Therefore, if you want to avoid paying penalty, then you must file your income tax return before 31st December 2022.

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