FY22 ITR filing: About 34 lakh returns filed till 4pm on last day | Personal Finance News

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 individuals, the IT department said on Sunday. The deadline for filing IT returns, by those taxpayers who do not have to get their accounts audited for the fiscal ended on March 31, 2022, is Sunday.

Till July 30, more than 5.10 crore tax returns had been filed. (ALSO READ: IOC sold petrol at Rs 10 a liter loss, diesel at Rs 14; firm posts first quarterly loss in 2 years)

Giving statistics of Income Tax Returns (ITR) filed on Sunday, the IT department tweeted: “33,73,975 #ITRs have been filed up to 1600 hours today & 4,73,228 #ITRs filed in the last 1hr.” (ALSO READ: ITR Filing FY22: Over 5.10 crore returns filed, 57.5 lakh returns filed on Saturday)

Over the month, the IT department has been nudging taxpayers to file their ITRs for 2021-22 fiscal to avoid levy of late fees.

The IT 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 December 31 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 who have outstanding unpaid tax will have to shell out an additional 1 percent interest per month for delayed filing.

The late fee will not apply to those taxpayers whose income is below the taxable limit.

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