New Delhi: Nearly 34 lakh income tax returns were filed till 4 pm on the last day of filing ITR for 2021-22 fiscal by salaried individual, the I-T department said on Sunday. The deadline for filing I-T returns, by those taxpayers who do not have to get their accounts audited for the fiscal ended on 31 March, 2022, is Sunday. Till 30 July, more than 5.10 crore tax returns had been filed. Giving statistics of Income Tax Returns (ITR) filed on Sunday, the I-T department tweeted: “33,73,975 #ITRs have been filed up to 1600 hours today & 4,73,228 #ITRs filed in the last 1hr.” Don’t Miss: ITR filing AY 2022-23 last date today: Steps to file your return, here’s what will happen if you miss the deadline 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. According to tax laws, a Rs 5,000 late fee would be payable by people having an annual income of over Rs 5 lakh, if they file their ITR by 31 December 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. Additionally, those having outstanding unpaid tax will have to shell out an additional 1 per cent interest per month for delayed filing. The late fee will not apply to those taxpayers whose income is below the taxable limit. Read all the Latest News , Trending News , Cricket News , Bollywood News , India News and Entertainment News here. Follow us on Facebook, Twitter and Instagram.
According to tax laws, a Rs 5,000 late fee would be payable by people having an annual income of over Rs 5 lakh, if they file their ITR by 31 December of the assessment year
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