How much is late fine for the Income tax return file?

If you have not been able to file ITR till 31st July, then now you will have to pay late fee for filing ITR. If the annual income of an individual taxpayer is more than Rs 5 lakh, then he will have to pay a late fee of Rs 5000. If the taxpayer’s annual income is less than Rs 5 lakh, then he will have to pay Rs 1,000 as late fee. for more details visit the income tax official website.