234Eincome-tax
Section 234E — Late Fee for TDS/TCS Return
₹200 per day for each day the TDS/TCS return is filed late, capped at TDS/TCS amount payable for the period.
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Penalty & Interest Calculator
Use these section-by-section pages to understand statutory late fees, interest, and penalties. Every rate and formula is drawn from the authored rule data and marked for verification where CA review is pending.
234Fincome-tax
Section 234F — Late Fee for Filing ITR After Due Date
Flat fee for filing ITR after the due date: ₹5,000 if income exceeds ₹5 lakh; ₹1,000 if income is ₹5 lakh or below.
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Section 234A — Interest for Default in Furnishing Return
1% per month (or part thereof) on unpaid tax from the due date of filing until the date of filing. Applies when self-assessment tax remains outstanding on the return due date.
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Section 234B — Interest for Default in Payment of Advance Tax
1% per month on the shortfall in advance tax if advance tax paid is less than 90% of assessed tax.
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Section 234C — Interest for Deferment of Advance Tax Installments
1% per month for 1–3 months on each quarterly installment shortfall of advance tax.
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Section 270A — Penalty for Under-Reporting or Misreporting Income
50% of tax on under-reported income; 200% of tax on misreported income. Replaced s.271(1)(c) from AY 2017-18.
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Section 271C — Penalty for Failure to Deduct or Pay TDS
Penalty equal to the amount of TDS that was not deducted or not paid to the government.
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Section 50 CGST — Interest on Late Payment of GST
18% per annum (simple) on net GST liability paid late. Post-2021 amendment: interest applies only on net cash liability (not on ITC available in ledger).
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Section 47 CGST — Late Fee for GSTR-1 (Outward Supplies Return)
₹50/day for taxable-supply returns; ₹20/day for nil returns. Capped by notifications based on annual aggregate turnover.
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Section 47 CGST — Late Fee for GSTR-3B (Monthly Tax Return)
₹50/day for returns with tax liability; ₹20/day for nil returns. Maximum late fee capped per CBIC notifications.
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Section 47 CGST — Late Fee for GSTR-9 (Annual Return)
₹200/day (₹100 CGST + ₹100 SGST) for late GSTR-9. Maximum capped at 0.25% of turnover in the state.
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Section 403 Companies Act — Additional Fee for Late ROC Filing
₹100 per day additional fee for documents filed with ROC after the due date. Applies on top of the normal filing fee. No cap — accumulates indefinitely.
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EPF Act Section 14B — Damages for Delayed PF Contribution
Damages at 5% to 25% per month (simple) on PF contributions deposited late. Rate increases with length of delay.
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Section 201(1A) — Interest for TDS Deducted But Not Deposited (or Not Deducted)
1% per month (or part) where TDS was not deducted; 1.5% per month where TDS was deducted but not deposited by the due date.
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Section 271H — Penalty for Late TDS/TCS Return (with s.234E companion)
Discretionary penalty of ₹10,000 to ₹1,00,000 for filing a TDS/TCS return late or with inaccurate particulars — over and above the s.234E late fee.
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Section 271C — Penalty Equal to TDS Not Deducted / Not Paid
Penalty equal to the TDS amount not deducted or, having been deducted, not paid to the credit of the Central Government.
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Section 276B — Prosecution for TDS Deducted But Not Deposited
Rigorous imprisonment 3 months to 7 years plus fine — for failure to deposit deducted TDS to government.
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Section 140A(3) — Default in Payment of Self-Assessment Tax
Assessee treated as in default under s.220 for the unpaid portion of self-assessment tax; interest u/s 220(2) applies.
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Section 220(2) — Interest on Tax Demand Not Paid Within 30 Days
1% per month simple interest on any tax demand not paid within 30 days of service of the demand notice.
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Section 272B — Penalty for Failure to Quote / Wrong PAN or Aadhaar
₹10,000 per default for failure to comply with PAN / Aadhaar quoting provisions (s.139A) or for quoting a false PAN.
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Section 271B — Penalty for Failure to Get Accounts Audited (s.44AB)
0.5% of total sales/turnover/gross receipts OR ₹1,50,000 — whichever is lower — for failing to get accounts audited under s.44AB or failing to furnish the audit report by the due date.
Calculate and read more →271(1)(c)income-tax
Section 271(1)(c) — Penalty for Concealment of Income (Legacy)
Concealment penalty of 100% to 300% of the tax sought to be evaded — applies to assessment years up to AY 2016-17; replaced by s.270A from AY 2017-18.
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Section 271AAB — Penalty on Undisclosed Income Found in Search
30% (with admission and specified conditions) to 60% (in other cases) of undisclosed income found in a search under s.132 initiated on or after 15 December 2016.
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Section 40A(3) — Disallowance for Cash Payments Over ₹10,000
100% disallowance of any single expense payment made in cash to a person in a day exceeding ₹10,000 (₹35,000 for transporters).
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Sections 269SS + 271D — Penalty for Cash Loan / Deposit / Advance ≥ ₹20,000
Penalty equal to the loan / deposit / specified sum accepted in cash where aggregate is ₹20,000 or more (excluding transactions through banking channels).
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Sections 269T + 271E — Penalty for Cash Repayment of Loan / Deposit ≥ ₹20,000
Penalty equal to the loan/deposit repaid in cash where the amount is ₹20,000 or more.
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Sections 269ST + 271DA — Penalty for Receiving ₹2 Lakh or More in Cash
Penalty equal to the amount received in cash where the amount is ₹2,00,000 or more from a single person in a day / for a single transaction / for one event or occasion.
Calculate and read more →122(1)gst
Section 122(1) CGST — General Penalty for Specified Offences
Penalty of ₹10,000 OR the tax involved / evaded / not deducted / short-deducted / short-paid / erroneously refunded / ITC wrongly availed, whichever is higher — for each of 21 specified offences.
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Section 125 CGST — General Penalty for Contraventions With No Specific Rate
₹25,000 residual penalty for any contravention of the CGST Act / rules for which no separate penalty is prescribed.
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Section 73 CGST — Non-Fraud Tax Demand (Interest + 10% Penalty)
Where tax is short-paid / not paid / erroneously refunded / ITC wrongly availed WITHOUT fraud: tax + 18% interest u/s 50 + 10% penalty (min ₹10,000).
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Section 74 CGST — Fraud Tax Demand (Interest + 100% Penalty)
Where tax default is by reason of fraud, wilful misstatement, or suppression of facts: tax + 18% interest + 100% penalty. Reduced to 15%/25%/50% if paid at different stages.
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Section 129 CGST — Detention and Penalty on Goods in Transit
Detention of goods in transit for e-way-bill / documentation defaults; release on payment of 200% of tax payable (100% where owner comes forward) — nil-tax goods attract ₹25,000.
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Section 47 CGST — Late Fee for GSTR-4 (Composition Annual Return)
₹50 per day (₹25 CGST + ₹25 SGST) for late GSTR-4, capped at ₹2,000 (with nil-return concessional cap of ₹500) as revised by Notification 21/2021.
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Section 47 CGST — Late Fee for GSTR-7 (TDS Return under GST)
₹50 per day for late GSTR-7 (TDS deductor return), capped at ₹2,000 per current CBIC notification.
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Section 92(5) Companies Act — Penalty for Non-Filing of Annual Return (MGT-7)
Company: ₹10,000 + ₹100/day continuing default (max ₹2,00,000). Officer in default: ₹10,000 + ₹100/day (max ₹50,000). Additional ROC filing fee under s.403 applies separately.
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Section 137 Companies Act — Penalty for Non-Filing of Financial Statements (AOC-4)
Company: ₹10,000 + ₹100/day (max ₹2,00,000). MD/CFO/directors: ₹10,000 + ₹100/day (max ₹50,000). Additional ROC filing fee u/s 403 applies separately.
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Section 99, Companies Act: penalty for failing to hold the AGM
Section 99 of the Companies Act, 2013 is the penalty provision for failing to hold the annual general meeting within the Section 96 timeline. The company and every officer in default face a fine of up to ₹1,00,000, plus ₹5,000 for each day the default continues.
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Section 164(2) Companies Act — Director Disqualification (Not a Monetary Penalty)
A person who is a director of a company that fails to file financial statements / annual returns for 3 consecutive FYs — disqualified from being appointed as director for 5 years (from any company).
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Section 447 Companies Act — Punishment for Fraud
Fraud involving ≥₹10 lakh or 1% of company turnover: imprisonment 6 months to 10 years + fine (up to 3× fraud amount). Below the threshold: up to 5 years / fine up to ₹50 lakh / both.
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EPF Act Section 7Q — Interest on Delayed PF Contribution
12% per annum simple interest on delayed PF contribution — separate from and in addition to s.14B damages.
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ESIC Act Section 85B — Damages for Delayed ESIC Contribution
Damages on delayed ESIC contribution: 5% p.a. (delay < 2 months), 10% p.a. (2–4 months), 15% p.a. (4–6 months), 25% p.a. (over 6 months) — plus 12% p.a. simple interest under s.39(5)(a).
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FEMA Section 13 — Penalty for Contravention
Penalty up to 3× the amount involved in the contravention (where quantifiable) or ₹2,00,000 (where not quantifiable) + ₹5,000/day continuing default. Compounding available under s.15.
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