ITR Filing: What happens if you miss the 15 September deadline? How much penalty is applicable?

ITR Filing: Taxpayers must file income tax returns by September 15, 2025. If missed, a belated return can be submitted by December 31, 2025, with penalties based on income. Individuals earning over ₹5 lakh face penalties up to ₹5,000, while those earning less face a maximum penalty of ₹1,000.

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