ITR Late fees for AY 24-25- Curious Case!!

ITR Late fees for AY 24-25- Curious Case!!

Total Income - 6.50 Lacs (All normal Income)

Tax Payable - NIL , Late Fee - Rs. 5000

Higher late fee of Rs. 5000 shall be applicable even in cases when Tax Payable is NIL as default New regime provides for Nil Tax till 7 Lacs (normal Income), But Total Income Limit u/s 234F is still 5 lacs i.e.

<= 5 Lacs-Rs 1000

> 5 Lacs -Rs. 5000

📌Till last Ass year Higher Late fee was applicable only in cases when Tax was payable by Assessee.