Tax Day 2024 Refunds

Tax Day 2024 Refunds. Under section 234f of the income tax act, 1961, a penalty of up to rs 5,000 is levied for filing a belated itr. This year, the average tax refund amount is $3,182, according to the irs.

Penalty for late filing of itr. Under section 234f of the income tax act, 1961, a penalty of up to rs 5,000 is levied for filing a belated itr.