Answer

1. F

   Facts

   Finance Act 2026 inserted Sec 234-I: a revised return filed after nine months from the end of the year, that is from 1 January to 31 March 2027 for AY 2026-27, carries a fee of ₹1,000 if total income is up to ₹5 lakh and ₹5,000 otherwise.

2. P

   Provisions and law

   • Sec 234-I, Income-tax Act 1961Fee of ₹1,000 or ₹5,000 for a revised return filed after nine months from the end of the year (inserted by Finance Act 2026; 2025 Act number to be confirmed)
   • Sec 139(5), Income-tax Act 1961 (now Sec 263(5), Income-tax Act 2025)Revised return can be filed if an omission or wrong statement is found, by 31 March of the assessment year (Finance Act 2026) or before assessment
3. A

   Analysis

   Revising by 31 December 2026 costs nothing extra. Example: total income ₹11 lakh, revision on 15 January 2027 means a ₹5,000 fee. If your return was also belated, both the Sec 234F fee already paid and this fee can apply. Check how the portal computes and collects the fee before paying.

4. C

   Conclusion

   1. 1Revise before 31 December 2026 if you can
   2. 2If later, compute the fee by total income
   3. 3Pay it through e-Pay Tax as the portal directs
   4. 4File the revised return and e-verify

This fee is new for AY 2026-27; confirm the minor head on the portal before paying.

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.