The deadline set by the Income Tax Department for filing income tax returns for A.Y. 2021-22 has ended on December 31, 2021. But if you have not yet filed Income Tax Return, you still have a chance. You can file it till 31st March, 2022.
ITR will have to be filled with penalty
Let us inform here that if you have not filed your income tax return by 31 December 2021, then you have been given time from the Income Tax Department to file income tax return till 31 March 2022, but, for this you have to pay the fine. According to the rules, this penalty will have to be paid up to Rs 5000. If your income is less than Rs 5 lakh then you will have to pay a penalty of Rs 1000. This will increase further if returns are filed after March 31. If you filed income tax return for the assessment year 2021-22 after March 31, 2022, you will have to pay a penalty of Rs 10,000.