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TaxAnnual

Income tax return

File the business/individual income-tax return and pay advance tax instalments through the year.

Indicative penalty if missed

Late fee ₹1,000–₹5,000 (s.234F) + interest; prosecution risk on large defaults.

A ballpark to help prioritise — not an assessment of your liability.

Statutory basis

Income-tax Act, 1961Official statuteofficial source

Track this with your team. Add it to your organisation's compliance register to set due dates and reminders. Open your workspace →

Educational guide, not legal advice. Whether this applies — and the exact due dates, thresholds and penalties — depends on your entity type, turnover, headcount, sector and state. Confirm specifics with a qualified professional.