As per Income Tax Act (ITA) 1967, payment of income tax income tax has to be settle by the due date. Penalty will be imposed for any payment made after the due date.

For individual with employment & no business income, the dateline is 30th April while individual with business income, the dateline is 30th June.

The penalties are as per the following table.

Source of Income	Dateline	Provisions Under ITA 1967	Penalty
Employment with no Business	30th April	103(3)	a) 10% increment for the tax payable b) Additional 5% increment on the balance of (a) if payment is not made after 60 days
Business	30th June	103(4)