ITR filing due date for AY 2022-23 is near. Check fine for missing deadline

insidetrack IndiaJuly 26, 2022

592 2 minutes read

It’s that time of the year again. The time to file Income Tax Return (ITR) for Assessment Year 2022-23. And the government is not considering extending the last date for filing income tax returns as it expects most returns to come in by July 31 deadline, reported PTI citing revenue secretary Tarun Bajaj.On Monday, the Income Tax Department said that over 3 crore returns have been filed through e-filing portal for the financial year 2021-22. For AY 2021-22, about 5.89 crore ITRs were filed by the extended due date of December 31, 2021.”People thought the routine now is that dates will be extended. So they were a little slow in filling the returns initially but now on a daily basis, we are getting between 15 lakhs to 18 lakh returns. This will slightly go up to 25 lakh to 30 lakh returns,” PTI quoted Bajaj as saying.”Last time 9-10 per cent filed on last day. Last time, we had over 50 lakh (filing returns on the last date). This time, I have told my people to be ready for 1 crore (returns being filed on the last day),” he added.July 31 is due date for filing ITRs by individual taxpayers who do not need to get their accounts audited. “Dear taxpayers, Do remember to file your ITR if you haven’t filed yet. The due date to file ITR for AY 2022-23 is 31st July, 2022,” the Income Tax department said in a tweet.What is the penalty for missing the deadline?Those who will miss the July 31 deadline for filing the ITR have to pay fine-cum-late fee of ₹5,000 if their taxable income is more than ₹5 lakh, and ₹1,000 if the taxable income is less than ₹5 lakh.

ABOUT THE AUTHOR

Follow the latest breaking news and developments from India and around the world with Hindustan Times’ newsdesk. From politics and policies to the economy and the environment, from local issues to national events and global affairs, we’ve got you covered.
…view detail

Subscribe to our best newsletters

Subscribed to newsletter successfully

Thank you for subscribing to our Daily News Capsule newsletter.

Close Story

insidetrack IndiaJuly 26, 2022

592 2 minutes read

insidetrack India

Singer Lauryn Hill meets London stabbing survivor October 18, 2024
James Bascoe-Smith was left with brain damage and paralysis following the attack in 2021.
Newham social housing rated worst by regulator October 18, 2024
Inspectors find serious failings, including fire risks, in Newham Council's social housing stock.
Doctor answers your menopause questions October 18, 2024
Dr Philippa Kaye answers questions and offers tips on how to deal with menopause.
Murder charge over man shot dead in Tottenham October 17, 2024
Mahmut Sahindal, 56, of no fixed address, was arrested the same day and charged on Thursday.
Murderer caught after stabbing filmed by dashcam October 17, 2024
Kyiza Sandiford murdered Keleen Wong in a revenge stabbing filmed by a dashcam in a passers-by car.

Nokia is cutting 2,000 jobs in China October 18, 2024
Nokia, aiming to reduce costs amid challenging telecom market conditions, lays off 2,000 employees in Greater China and plans to cut 350 jobs in Europe. The cuts are part of a broader strategy to save up to 1.2 billion euros by 2026.
TOI TECH DESK
Scary visuals: Delhi faces dual challenge of bad air and toxic Yamuna froth October 18, 2024
Delhi's air quality has significantly worsened, with AQI levels hitting 'very poor' in several areas and toxic foam in the Yamuna adding to the problem. The Delhi government is enforcing GRAP-1 measures, deploying anti-smog guns, and urging residents to take precautions to reduce pollution.
TOI CITY DESK
Salman Khan gets a fresh death threat October 18, 2024
After Baba Siddique's assassination, Salman Khan has now got a fresh death threat where he has been asked to give Rs 5 crore if he wants to be alive and end the enmity with Lawrence Bishnoi. Or else, his condition will be worse than Siddique.
etimes.in
Sensex opens over 350 points down; Nifty50 below 24,650 October 18, 2024
Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Friday. While BSE Sensex went below 80,700 level, Nifty50 was below 24,650.
TOI BUSINESS DESK
Dengue prevention tips: How to identify dengue mosquito October 18, 2024
Dengue cases are escalating swiftly, necessitating urgent preventive measures. Identifying the disease-spreading Aedes mosquitos, known for their black and white stripes and daytime biting habits, is crucial. These mosquitoes breed in stagnant water, emphasizing the importance of eliminating breeding sites and using repellents. Protective clothing and treated bed nets are also recommended to reduce exposure.
TOI LIFESTYLE DESK
Infosys reverses this 'employee trend' after 6 quarters October 18, 2024
Infosys reported adding 2,456 employees in Q2 FY25, ending a six-quarter hiring decline, with a total headcount of 3,17,788.
TOI TECH DESK
Kaun Banega Crorepati 16: Contestant Dr. Neeraj Saxena quits October 18, 2024
Ranveer Raghuvanshi lost his chance at Rs 1,60,000 on Kaun Banega Crorepati 16, taking home Rs 10,000. Dr. Neeraj Saxena then gracefully quit the game at Rs 3,20,000 to give younger contestants a chance. This unprecedented gesture earned him applause from host Amitabh Bachchan and the audience.
etimes.in
'Tere bhai ne, Lara wala': Hilarious banter caught on stump mic October 18, 2024
Pakistan have set a challenging target of 297 runs for England to win the second Test in Multan. A crucial 65-run partnership between Agha Salman and Sajid Khan helped Pakistan recover to post 221 in their second innings. England, trailing by 261 runs, had lost two wickets by the third day's close.
TOI SPORTS DESK
Watch: Indian-Americans roll out Bollywood-inspired video to support Kamala Harris October 18, 2024
Ajay Bhutoria, a National Finance Committee member for Kamala Harris, launched a Bollywood-inspired video to rally South Asian voters in key battleground states. The video emphasizes unity and contrasts Harris's hopeful vision against Trump's divisiveness, aiming to boost voter turnout with messages in multiple South Asian languages.
TOI WORLD DESK
Watch: Hamas chief & 'mass murderer' Sinwar's last moments before being killed by Israel October 18, 2024
Israeli forces have killed Hamas leader Yahya Sinwar, a key figure in the 7 October attack on Israel. Found in Gaza rubble, his identity was confirmed through DNA and other records. Israel sees this as a major victory, while Hamas has yet to confirm the death.
TOI WORLD DESK