Highlights

  • If you are not able to meet the July 31, 2023 deadline to file your ITR, then you have to Pay 5,000 (if total income exceeds Rs 5 lakh) for filing a late ITR
  • The deadline to file the income tax return (ITR) is July 31, 2023

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PAN card not linked with Aadhaar? You'll have to pay a penalty of ₹6000 to file your income tax returns

The central government had made it mandatory for all taxpayers to link their Permanent Account Number (PAN) with their Aadhaar card by June 30

PAN card not linked with Aadhaar? You'll have to pay a penalty of ₹6000 to file your income tax returns

The last date to link your PAN with your Aadhaar card was 30th June. If you've missed the date, then your PAN card has likely become inoperative and you will face issues in filing your income tax returns. In which case, you will have to shell out ₹6000 to file your ITR.

According to Income tax dept's website, the old PAN card will not be accepted, which means a taxpayer will have to pay 1000 rupees to activate it again but this process will take 1 month.

While the last date for filing tax return is 31 July. If a taxpayer defaults and the total income is more than Rs 5 lakh, then Rs 5000 late fee will have to be paid. In such a case, if you activate PAN and file the return, then you will have to pay ITR late fee of Rs 5000 and Aadhaar-PAN linking Rs 1000.

The fine for linking your PAN and Aadhaar can be paid on the National Securities Depository Limited (NSDL) portal by paying the amount.

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