ITR
Nearly 34 lakh IT returns filed till 4 pm on last day
New Delhi: Nearly 34 lakh income tax returns were filed till 4 PM on the last day (July 31) of filing ITR for the financial year 2021-22 by salaried individuals, the IT department said.
The deadline for filing IT returns for those taxpayers who don't have to get their accounts audited for the fiscal ended on March 31, 2022, is July 31.
Over 5.10 crore tax returns had been filed till July 30 (Saturday), the IT department said.
"33,73,975 #ITRs have been filed up to 1600 hours today & 4,73,228 #ITRs filed in the last 1hr," the IT department tweeted today.
Over the month, the I-T department has been nudging taxpayers to file their ITRs for 2021-22 fiscal to avoid levy of late fees. The I-T department also asked taxpayers to seek assistance regarding ITR filing by emailing to 'orm@cpc.incometax.gov.in' or calling help desk numbers 1800 103 0025 and 1800 419 0025, it said.
Individuals with an annual income of Rs 5 lakh or more will be liable to pay a fine of Rs 5,000 if they file returns by December 31 of the assessment year.
Individuals with an annual income below Rs 5 lakh will be liable for a late fee of Rs 1,000 for delayed return filing.
Taxpayers with outstanding unpaid taxes will have to pay an additional 1 percent interest per month for delayed filing.
There is no late fee for individuals whose income is below the tax limit.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
