000 will be levied on individuals who do not file a return before the due date. However, for individuals with gross income less than ₹5 lakh, the maximum penalty is ₹1,000. If you miss the ITR deadline, you will also have to pay interest of 1% per month on the unpaid tax ...
pay an advance tax if their tax liability for the financial year exceeds ₹10,000 and no (or less) Tax Deducted at Source (TDS) has been withheld. These payments need to be made in four instalments, and the last date for the payment of the fourth (and final) instal...