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Navigating Income Tax Filing
With Important Dates and Penalties
www.eazystartups.com 1
Tax season can sometimes feel like navigating uncharted waters,
but fear not! At Eazy Startups, we’re here to be your compass,
guiding you through the maze of Income Tax Filing with ease and
expertise. This blog’ll shed light on crucial information regarding
Income Tax Filing dates and penalties, ensuring you sail smoothly
through the process. Let’s embark on this informative journey
together and discover why Eazy Startups is your trusted Online
Income Tax Filing partner.
www.eazystartups.com 2
www.eazystartups.com 3
Understanding
Income Tax Filing
Dates
Penalties for Late
Income Tax Filing
How Eazy Startups
Can Help
understanding income tax filing dates:
www.eazystartups.com 4
1. Deadline for Filing
Income Tax Returns:
The deadline for filing Income Tax
Returns (ITR) in India typically falls on
July 31st of every year. However, the
government may extend this deadline
in certain cases, so it’s essential to stay
updated with any announcements
regarding deadline extensions.
www.eazystartups.com 5
2. Advance Tax Payment Due Dates:
For individuals who must pay advance tax,
the due dates vary depending on the income
earned during the financial year. Generally,
advance tax payments must be made in
installments on or before specific dates
throughout the financial year.
www.eazystartups.com 6
3. TDS Payment Due Dates:
If you’re deducting TDS (Tax Deducted at
Source) from payments made to
employees, contractors, or other parties,
adhering to the due dates for TDS payment
is crucial. Failure to do so can result in
penalties and interest charges.
www.eazystartups.com 7
Penalties for Late Income Tax Filing:
www.eazystartups.com 8
1. Late Filing Fee:
Failing to file your Income Tax
Return by the deadline can attract a
late filing fee. Currently, the late filing
fee for ITR filed post the due date but
before December 31st of the
assessment year is Rs. 5,000. For
returns filed after December 31st, the
late filing fee can go up to Rs. 10,000.
www.eazystartups.com 9
2. Interest on Tax Due:
If you have any outstanding tax dues
after the due date for filing
your Income Tax Return, you may be
liable to pay interest on the unpaid
amount. The interest rate is generally
calculated per the Income Tax Act
provisions and can vary based on the
duration of the delay.
www.eazystartups.com 10
3. Penalty for Incorrect Information:
Providing incorrect or misleading
information in your Income Tax Return can
attract penalties under Section 271F of the
Income Tax Act. The penalty amount can
range from Rs. 10,000 to Rs. 1,00,000, d
www.eazystartups.com 11
How Eazy Startups Can Help:
www.eazystartups.com 12
1. Expert Guidance:
Our seasoned professionals provide expert
guidance on Income Tax Filing, helping you
understand the requirements and deadlines
associated with your tax obligations.
www.eazystartups.com 13
2. Online Filing Assistance:
Our user-friendly online platform lets
you conveniently file your Income
Tax Returns from your home’s
comfort or anywhere you want. Our
intuitive interface makes the process
hassle-free and efficient.
www.eazystartups.com 14
3. Deadline Reminders:
Never miss a deadline again! We send
timely reminders and updates
regarding Income Tax Filing deadlines,
ensuring you comply with the law.
www.eazystartups.com 15
4. Penalty Avoidance Strategies:
Our experts can advise you on penalty
avoidance strategies, helping you avoid
potential penalties or interest charges.
www.eazystartups.com 16
Conclusion:
As you navigate the complexities of Income Tax Filing, let Eazy Startups be your
trusted navigator. With our expertise and personalized assistance, you can breeze
through the process with confidence and peace of mind. Don’t let deadlines and
penalties weigh you down – contact Eazy Startups today for seamless Online
Income Tax Filing services. Let’s make tax season a breeze together!
www.eazystartups.com 17
www.eazystartups.com 18
Eazy Startups is your one-stop
solution for all your legal and
financial troubles. Take expert
assistance from our team if filing
taxes or registering under any
compliance.
www.eazystartups.com 19

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Navigating Income Tax Filing With Important Dates and Penalties.pdf

  • 1. Navigating Income Tax Filing With Important Dates and Penalties www.eazystartups.com 1
  • 2. Tax season can sometimes feel like navigating uncharted waters, but fear not! At Eazy Startups, we’re here to be your compass, guiding you through the maze of Income Tax Filing with ease and expertise. This blog’ll shed light on crucial information regarding Income Tax Filing dates and penalties, ensuring you sail smoothly through the process. Let’s embark on this informative journey together and discover why Eazy Startups is your trusted Online Income Tax Filing partner. www.eazystartups.com 2
  • 3. www.eazystartups.com 3 Understanding Income Tax Filing Dates Penalties for Late Income Tax Filing How Eazy Startups Can Help
  • 4. understanding income tax filing dates: www.eazystartups.com 4
  • 5. 1. Deadline for Filing Income Tax Returns: The deadline for filing Income Tax Returns (ITR) in India typically falls on July 31st of every year. However, the government may extend this deadline in certain cases, so it’s essential to stay updated with any announcements regarding deadline extensions. www.eazystartups.com 5
  • 6. 2. Advance Tax Payment Due Dates: For individuals who must pay advance tax, the due dates vary depending on the income earned during the financial year. Generally, advance tax payments must be made in installments on or before specific dates throughout the financial year. www.eazystartups.com 6
  • 7. 3. TDS Payment Due Dates: If you’re deducting TDS (Tax Deducted at Source) from payments made to employees, contractors, or other parties, adhering to the due dates for TDS payment is crucial. Failure to do so can result in penalties and interest charges. www.eazystartups.com 7
  • 8. Penalties for Late Income Tax Filing: www.eazystartups.com 8
  • 9. 1. Late Filing Fee: Failing to file your Income Tax Return by the deadline can attract a late filing fee. Currently, the late filing fee for ITR filed post the due date but before December 31st of the assessment year is Rs. 5,000. For returns filed after December 31st, the late filing fee can go up to Rs. 10,000. www.eazystartups.com 9
  • 10. 2. Interest on Tax Due: If you have any outstanding tax dues after the due date for filing your Income Tax Return, you may be liable to pay interest on the unpaid amount. The interest rate is generally calculated per the Income Tax Act provisions and can vary based on the duration of the delay. www.eazystartups.com 10
  • 11. 3. Penalty for Incorrect Information: Providing incorrect or misleading information in your Income Tax Return can attract penalties under Section 271F of the Income Tax Act. The penalty amount can range from Rs. 10,000 to Rs. 1,00,000, d www.eazystartups.com 11
  • 12. How Eazy Startups Can Help: www.eazystartups.com 12
  • 13. 1. Expert Guidance: Our seasoned professionals provide expert guidance on Income Tax Filing, helping you understand the requirements and deadlines associated with your tax obligations. www.eazystartups.com 13
  • 14. 2. Online Filing Assistance: Our user-friendly online platform lets you conveniently file your Income Tax Returns from your home’s comfort or anywhere you want. Our intuitive interface makes the process hassle-free and efficient. www.eazystartups.com 14
  • 15. 3. Deadline Reminders: Never miss a deadline again! We send timely reminders and updates regarding Income Tax Filing deadlines, ensuring you comply with the law. www.eazystartups.com 15
  • 16. 4. Penalty Avoidance Strategies: Our experts can advise you on penalty avoidance strategies, helping you avoid potential penalties or interest charges. www.eazystartups.com 16
  • 17. Conclusion: As you navigate the complexities of Income Tax Filing, let Eazy Startups be your trusted navigator. With our expertise and personalized assistance, you can breeze through the process with confidence and peace of mind. Don’t let deadlines and penalties weigh you down – contact Eazy Startups today for seamless Online Income Tax Filing services. Let’s make tax season a breeze together! www.eazystartups.com 17
  • 18. www.eazystartups.com 18 Eazy Startups is your one-stop solution for all your legal and financial troubles. Take expert assistance from our team if filing taxes or registering under any compliance.