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Late Filing Penalty · AY 2026-27

ITR Late Fee —
Section 234F Rs 5,000 or Rs 1,000

The exact Section 234F late fee for filing your income-tax return after the due date, how it differs from Section 234A interest, the belated-return deadline of 31 December 2026, and the ITR-U option after that.

Updated for FY 2025-26 CA Reviewed Belated & ITR-U Covered
Rs 5,000Max 234F fee
Rs 1,000If income <= Rs 5L
1%/mo234A interest
31 Dec 2026Belated deadline
Quick Answer

The ITR late fee under Section 234F is Rs 5,000 when you file after the due date. It is reduced to Rs 1,000 if your total income is Rs 5,00,000 or below, and is nil if your income is at or below the basic exemption limit (Rs 3 lakh new regime / Rs 2.5 lakh old regime). This flat fee is separate from Section 234A interest of 1% per month on any unpaid tax. For FY 2025-26 (AY 2026-27) the belated-return deadline is 31 December 2026.

Income > Rs 5L Rs 5,000
Income <= Rs 5L Rs 1,000
Below exemption Nil
234A interest 1%/mo
The numbers

Section 234F Late Fee Structure — AY 2026-27

The late fee depends only on your total income, not on how many days you are late or how much tax is due. The income thresholds below are fixed by statute.

Total incomeFiling statusSection 234F feeSection 234A interest
Any amountOn/before due date (31 Jul 2026)NilNil
Above Rs 5 lakhBelated (after due date, by 31 Dec 2026)Rs 5,0001% per month on tax due
Above exemption up to Rs 5 lakhBelated (after due date, by 31 Dec 2026)Rs 1,0001% per month on tax due
At/below basic exemptionAny (income below exemption)NilNil

Basic exemption is Rs 3 lakh under the new (default) regime and Rs 2.5 lakh under the old regime. The Rs 5 lakh threshold for the Rs 1,000 fee is fixed regardless of regime.

The fee applies even when no tax is due

If your income is above the basic exemption limit but your tax was fully covered by TDS, you still owe the flat Section 234F fee for filing late — only the 234A interest is skipped because there is no unpaid tax. The fee cannot be waived.

Two separate charges

Section 234F (Fee) vs Section 234A (Interest)

Many taxpayers pay one and assume they have covered both. They are distinct: 234F is a one-time flat fee for late filing; 234A is monthly interest on tax you still owe.

234F

Section 234F — Late fee

  • Flat, one-time: Rs 5,000 or Rs 1,000
  • Triggered by filing the return late
  • Applies even if nil tax is payable (above exemption)
  • Not a percentage of tax — cannot be waived
vs
234A

Section 234A — Interest

  • 1% per month (or part month) on unpaid tax
  • Runs from the due date to date of payment
  • Applies only when tax is actually payable
  • Charged on top of the 234F fee
ParameterSection 234F (fee)Section 234A (interest)
NatureFlat fee (one-time)Interest (monthly, cumulative)
TriggerFiling ITR after the due dateTax payable outstanding after due date
AmountRs 5,000 or Rs 1,000 (fixed)1% per month on outstanding tax
Applies if nil tax due?Yes (if above exemption)No
Can be waived?NoNo

Both apply together if you file late AND have tax payable. Sections 234B and 234C add further interest for shortfall/deferment of advance tax.

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After the due date

Belated Return, Revised Return & ITR-U

Miss the 31 July 2026 due date? You can still file a belated return u/s 139(4) up to 31 December 2026, paying the 234F fee. After that only the Updated Return (ITR-U) is available.

Belated u/s 139(4)File by 31 Dec 2026 with 234F fee
Revised u/s 139(5)Correct any return by 31 Dec 2026
Missed 31 DecNo belated/revised return possible
ITR-U u/s 139(8A)Within 48 months of AY end + extra tax

ITR-U (Updated Return) u/s 139(8A) lets you file or correct after 31 December. Budget 2025 extended the window from 24 to 48 months from the end of the assessment year. It carries additional tax over and above the 234F fee and normal interest:

ITR-U filed withinAdditional tax234F fee
12 months of AY end25% of tax + interestAlso payable
24 months of AY end50% of tax + interestAlso payable
36 months of AY end60% of tax + interestAlso payable
48 months of AY end70% of tax + interestAlso payable

ITR-U cannot be used to claim a refund, reduce tax or report a loss, and is barred where search/assessment proceedings are pending.

File before 31 December to keep it cheap

A belated return by 31 Dec 2026 costs only the 234F fee (plus 234A on any unpaid tax). Once you cross into ITR-U territory, the additional tax starts at 25% and climbs to 70% — filing sooner is always cheaper.

Why it matters

Consequences of Filing Late or Not at All

  • Section 234F fee of Rs 5,000 (Rs 1,000 if income up to Rs 5 lakh) when you eventually file.
  • Section 234A interest at 1% per month on any tax payable from the due date.
  • Loss carry-forward denied — capital and business losses cannot be carried forward if the return is filed after the due date.
  • Refund delayed or lost — excess TDS/advance tax can only be claimed by filing within the window.
  • Notices u/s 142(1) / 148 — the department can act against non-filers flagged in Form 26AS / AIS.
  • Prosecution u/s 276CC — wilful non-filing where tax exceeds Rs 25,000 can attract rigorous imprisonment.

File a belated return if

  • You missed 31 July but it is still on/before 31 Dec 2026
  • You have refundable TDS to recover
  • You want to avoid escalating ITR-U additional tax

Act fast / seek help if

  • You have unpaid tax accruing 234A/234B interest
  • You need to carry forward a capital or business loss
  • You have crossed 31 Dec and must use ITR-U
  • PAN and Aadhaar (linked)
  • Form 16 / 16A from employer or deductor
  • Form 26AS + AIS/TIS reconciled
  • Bank interest and capital-gains statements
  • Chapter VI-A deduction proofs (old regime)
  • 234F fee + 234A/B/C interest computed
  • Challan for self-assessment tax paid
  • Return e-verified within 30 days

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Government sourcesSection 234F / 234A: incometax.gov.in · Belated & revised return: Section 139(4) / 139(5), Income-tax Act · Updated return: Section 139(8A) (48-month window per Budget 2025) · Due dates AY 2026-27: CBDT / incometax.gov.in
People also ask

ITR Late Fee — Frequently Asked Questions

The Fee
What is the ITR late fee under Section 234F for AY 2026-27?
The late fee under Section 234F is Rs 5,000 if you file your income-tax return after the due date. It is reduced to Rs 1,000 if your total income is Rs 5,00,000 or below. There is no fee if your total income is at or below the basic exemption limit (Rs 3 lakh under the new regime / Rs 2.5 lakh under the old regime). The fee is a fixed flat amount, not a percentage of tax, and cannot be waived.
Is the Rs 1,000 or Rs 5,000 fee based on income or tax?
It is based on your total income, not your tax. If total income exceeds Rs 5 lakh, the fee is Rs 5,000; if it is Rs 5 lakh or below (but above the exemption limit), the fee is Rs 1,000. The number of days you are late does not change the amount — it is a one-time flat fee.
Do I pay the late fee if all my tax was deducted as TDS?
Yes. As long as your income is above the basic exemption limit, you owe the Section 234F fee for filing late even if your tax was fully covered by TDS and no tax is payable. Only the Section 234A interest is skipped when there is no unpaid tax, because 234A is charged on tax due.
Can the Section 234F late fee be waived or reduced?
No. Section 234F is a mandatory statutory fee. Assessing officers have no power to waive or reduce it, and there is no separate application to remove it. The only way to avoid it is to file on or before the due date. If your income is below the basic exemption limit, no fee arises in the first place.
234F vs 234A
Is the ITR late fee the same as Section 234A interest?
No. Section 234F is a flat fee (Rs 5,000 or Rs 1,000) for filing the return late. Section 234A is separate interest of 1% per month (or part of a month) on unpaid tax, from the due date until you pay. Both can apply at once: if you file late and owe tax, you pay the 234F fee plus 234A interest. If you owe no tax, only 234F applies.
How is Section 234A interest calculated?
Section 234A interest is 1% per month, or part of a month, on the net tax payable (after TDS and advance tax), running from the day after the due date until the date the return is filed and tax paid. A part of a month counts as a full month. Sections 234B and 234C add further interest for shortfall and deferment of advance tax.
Due Dates
What is the ITR due date for AY 2026-27?
For individuals and taxpayers not requiring audit, the due date for FY 2025-26 (AY 2026-27) is 31 July 2026. For taxpayers subject to audit it is 31 October 2026, and for those with transfer-pricing reports it is 30 November 2026. Filing after your applicable due date attracts the Section 234F fee.
What is the last date to file a belated return and pay the late fee?
The belated return under Section 139(4) can be filed up to 31 December of the assessment year — for AY 2026-27 that is 31 December 2026 — along with the Section 234F late fee. If you miss this date you cannot file a belated or revised return at all; only the Updated Return (ITR-U) remains.
Can I revise a return filed late?
Yes. A return, whether original or belated, can be revised under Section 139(5) up to 31 December of the assessment year (31 December 2026 for AY 2026-27). Revising does not attract a fresh 234F fee, but the fee already applicable on the belated original return stands.
ITR-U
What is ITR-U and what extra tax does it attract?
ITR-U (Updated Return) under Section 139(8A) lets you file or correct a return after the belated/revised deadline. Budget 2025 extended the window to 48 months from the end of the assessment year. The additional tax is 25% of tax and interest if filed within 12 months, 50% within 24 months, 60% within 36 months and 70% within 48 months — the Section 234F fee is payable on top.
Can I claim a refund through ITR-U?
No. ITR-U cannot be used to claim or increase a refund, to reduce your tax liability, or to report a loss. It is meant for taxpayers who need to disclose additional income and pay more tax. It is also not available where a search, survey or assessment proceeding is pending against you.
How long do I have to file ITR-U for AY 2025-26?
Because Budget 2025 extended the ITR-U window to 48 months from the end of the assessment year, for AY 2025-26 you can file ITR-U up to 31 March 2030, with the additional tax rising by slab (25% to 70%) the later you file. Filing earlier keeps the additional-tax percentage lower.
Consequences
What happens if I do not file my ITR at all?
Non-filing when required can lead to the 234F fee and 234A interest once you eventually file, loss of the right to carry forward capital and business losses, delayed or forfeited refunds, notices under Section 142(1) or 148, and in serious cases prosecution under Section 276CC where the tax evaded exceeds the prescribed limit.
Does filing late stop me from carrying forward losses?
Yes. Capital losses and business losses can only be carried forward if the return is filed on or before the original due date under Section 139(1). If you file a belated return, you lose the right to carry those losses forward (house-property loss is an exception and can still be carried forward).
Will a late ITR affect a loan or visa application?
It can. Banks and visa authorities often ask for two or three years of ITR acknowledgements as proof of income. A missing or very late return can weaken a loan or visa application, so filing even a belated return promptly helps maintain a clean record.
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