All taxpayers should file their ITR on time. By doing so, salaried individuals can avoid the stress of last-minute filing, potential technical glitches on the e-filing portal, and unnecessary delays. Additionally, late filing may attract penalties and interest, making it important to complete the filing process well before the due date. If taxpayers miss the deadline to file their income tax returns , they will face a late fee as outlined in section 234F of the Income Tax Act. The penalties can vary, with some going up to Rs. 5,000, depending on how much money the person makes and how late the filing is. If a person's total income is less than Rs. 5 lakh, the maximum fine for late filing is Rs. 1,000. However, if their total income exceeds Rs. 5 lakh, the fine can go up to Rs. 5,000. If a salaried individual does not file their Income Tax Return (ITR) on time, they may face additional costs, including interest on any unpaid tax liability and the loss of certain tax benefits. La...