ITR Filing AY 2022-23 Live Updates: These people can file ITR till 31st October, see here details

ITR Filing 2022: The date of filing IT return varies according to the category of taxpayer. Salaried people have to file ITR by July 31. Some people are not able to file their income tax return even by the due date after which they have to bear the penalty.

Every year people have to file income tax return. The last date for filing income tax returns for the financial year 2021-22 was July 31, 2022. Many people could not file the return on the last day due to technical difficulties. Through social media, people are also demanding to increase the deadline for filling ITR. Those people need not despair. Returns can be filed by 31st December 2022. For this you will have to pay late fee. This late fee is collected as income tax return penalty.

This late fee has to be paid , the date of filing IT return varies according to the category of taxpayer. Salaried people have to file ITR by July 31. Those who will not be able to file the return by the last date will have to pay the late fee. If someone’s income is more than Rs 5 lakh, he will have to pay Rs 5000 as late fee by the last date December 31, 2022. At the same time, those earning less than 5 lakh will have to pay a late fee of Rs 1,000.

These people have to file the return by 31 October, corporate and business can file the return till 31 October. Corporates or those who need to audit their accounts. You can file your return till 31st October. No penalty is levied on these people for filing returns by October 31. The existing income tax rules provide for imprisonment of not less than 6 months and imprisonment for a maximum of 7 years. The department can prosecute you in every case of failure to file ITR.