Not yet linked your Aadhaar and PAN? You may have to shell out Rs 6,000 for ITR filing

As a result, there are chances that users will have to shell out a maximum of Rs 6,000 to file ITR after July 31. Filing belated returns come at a cost.

A fee of Rs 5,000 is levied under Section 234F of the Income Tax Act, 1961, for filing a belated return. Also, if there is tax to be paid, taxpayers are charged interest at 1 percent per month after the end of the due date till they file ITR. Adding the Rs 5,000 (excluding the interest) amount to the Rs 1,000 penalty of late Aadhaar-PAN linking takes the total amount to Rs 6,000.

For taxpayers whose total income is not more than Rs 5 lakh in a financial year, the maximum penalty for filing a belated ITR is Rs 1,000. For them, the total penalty including Aadhaar-PAN late fees will come to Rs 2,000.

This can be done on the National Securities Depository Limited (NSDL) portal by paying the amount under Challan No. ITNS 280 with Major head 0021 (Income Tax Other than Companies) and Minor head 500 (Other Receipts).

Users should visit the official e-filing website of the Income Tax (I-T) Department to link the two. When it asks for payment, they are required to click on the link and get redirected to the NSDL website. Under the options available, users can proceed under Challan No. ITNS 280 to submit PAN-Aadhaar link request. Now, they are required to select the tax applicable from there.

The payment should be done under Major head 0021 (Income Tax Other than Companies) and Minor head 500 (Other Receipts) in a single challan. Now, users can select the preferred payment mode and enter details, along with PAN, address and assessment year. Post this, a captcha should be entered and payment should be done. This payment may require some time to display on the income tax e-filing portal.

Once there is confirmation, users can log in to the income tax portal, enter all details (name, date of birth, address, PAN and Aadhaar number) and proceed with the linking.