Section 234F is a provision under the Indian Income Tax Act, which deals with the late filing fee for income tax returns. It applies to individuals who are required to file their income tax returns but fail to do so within the specified due date. The section was introduced to encourage timely filing of returns and to penalize those who file their returns late.
Fee for default in furnishing return of income.
234F. (1) Without prejudice to the provisions of this Act, where a person required to furnish a return of income under section 139, fails to do so within the time prescribed in sub-section (1) of the said section, he shall pay, by way of a fee, a sum of Rs.5000 :
Provided that if the total income of the person does not exceed 5 lakh rupees, the fee payable under this section shall not exceed Rs.1000
(2) The provisions of this section shall apply in respect of return of income required to be furnished for the assessment year commencing on or after the 1st day of April, 2018.
The fee (penalty) will be as follows:
| Total Income | Return filed | Fee (Penalty) |
| Upto Rs. 2.5 Lakh | After 31st July | Nil |
| From Rs. 2.5 – 5 Lakh | After 31st July | Rs. 1,000/- |
| Exceeds Rs. 5 Lakh | After 31st July | Rs. 5,000/- |
What is Total Income as per Income Tax Act 1961
IT is important to know what is Total Income as many taxpayers are confusion about this:
As per Income tax Act Section 2(45) “total income” means the total amount of income referred to in section 5, computed in the manner laid down in this Act
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