Almost 15 days have passed since the deadline to file income tax return (ITR) for the financial year 2021-22, and the academic year 2022-23. Around 5.83 crore ITRs have been filed till July 31 which is the deadline for the said examination year. However, there is a chance that even if you have filed your ITR on time, you may still be charged a fine. ₹5,000. If you have failed to verify your ITR despite filing it within the stipulated time, your return will be rejected and thus lead to late filing penalty.