ITR-U Calculator 2026 – Section 140B Additional Tax & Your Deadline Cliff

Section 139(8A) & 140B · 48-month window · updated for Finance Act 2026

ITR-U Calculator: What an Updated Return Costs, and What Waiting Costs

The Section 140B slab is fixed by the date you actually file — and it steps up every 31 March. Most calculators tell you what you owe today. This one also tells you the exact date your bill jumps, how many days you have left, and what the delay will cost you in rupees.

1. Which year, and when will you file?
2. The income you are declaring
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3. Your position for that year

What an ITR-U actually costs

There are four components, and they are not all in the same basket:

  • Tax on the additional income, at that year’s rates, less the TDS, TCS and advance tax already credited against it.
  • Interest under Sections 234A, 234B and 234C on the shortfall. This is the part that grows every single month you wait.
  • Additional tax under Section 140B — 25%, 50%, 60% or 70% of the aggregate of tax and interest, depending purely on when you file.
  • Late fee under Section 234F, where no return was filed at all — ₹5,000, or ₹1,000 if total income is within ₹5 lakh. Note that the fee sits outside the 140B base: it is a fee, not interest, so the slab is not charged on it.
The detail that costs people the most: the slab is set by the date the updated return is furnished, not the date you decided to file or the date your accountant opened the file. Every boundary falls on 31 March. Filing on 1 April instead of 31 March moves you a whole slab — on a ₹1 lakh aggregate that is ₹25,000 of pure avoidable cost, before the extra interest. The calculator above prices that gap for your own figures.

The 48-month window, and which years are still open

The Finance Act 2025 doubled the window from 24 months to 48 months from the end of the relevant assessment year. Because every boundary is a 31 March, the position as things stand is:

Assessment YearIncome yearSlab right nowWindow closes
AY 2022-23FY 2021-2270% — the top slab31 March 2027
AY 2023-24FY 2022-2360%31 March 2028
AY 2024-25FY 2023-2450%31 March 2029
AY 2025-26FY 2024-2525% — the cheapest slab31 March 2030

AY 2021-22 closed on 31 March 2026 and cannot be updated at all. AY 2022-23 is in the 70% slab and expires first — if that is your year, the arithmetic only gets worse from here.

When ITR-U is not available

An updated return is a one-way street: it can only increase what you owe. You cannot file one where it would reduce your tax, create or increase a refund, or where a search under Section 132, a survey under Section 133A or a prosecution has been initiated for that year. Only one updated return is permitted per assessment year.

One bar is easy to miss: no ITR-U may be furnished where a show-cause notice under Section 148A has been issued after 36 months from the end of the relevant assessment year. That bar lifts only if an order under Section 148A(3) holds that the case is not fit for a Section 148 notice.

What the Finance Act 2026 relaxed. Two doors that were previously shut are now open. An updated return may be filed in pursuance of a Section 148 notice, at a further 10% of tax and interest under the new Section 140B(3A) — taking the effective slabs to 35%, 60%, 70% and 80% — and income on which that is paid is kept out of the Section 270A penalty computation. Separately, an ITR-U may now reduce a declared loss, provided the original loss return was filed within the Section 139(1) due date.

Good to know

Interest runs on two clocks

Section 234B runs from 1 April of the assessment year and Section 234A from the day after the filing due date — both at 1% per month or part of a month. Where you filed nothing, roughly 2% a month accrues before the 140B slab is even applied.

Pay the challan before you file

The updated return must be accompanied by proof of payment. An ITR-U filed without the tax paid is defective, and an unverified one is treated as never filed — which can push you past a boundary you thought you had met.

The fee is not in the slab

Section 140B charges the slab on the aggregate of tax and interest. The Section 234F late fee is a fee, so it is payable but is not multiplied by 25% to 70%. Several calculators get this wrong and overstate the bill.

Related tools

Check the underlying liability with the Advance Tax Calculator, compare regimes in the Salary Tax Optimiser, or read the full ITR-U guide.

Frequently asked questions

How is the ITR-U additional tax calculated?

Section 140B charges 25%, 50%, 60% or 70% of the aggregate of tax and interest payable, depending on whether the updated return is filed within 12, 24, 36 or 48 months of the end of the relevant assessment year. Tax here includes surcharge and cess. The Section 234F late fee is not part of that base.

Which assessment years can I file an ITR-U for right now?

AY 2022-23 through AY 2025-26. AY 2021-22 closed on 31 March 2026. AY 2022-23 is in the 70% slab and closes on 31 March 2027, so it is the most urgent of the open years.

Does the slab depend on when I file or when I pay?

On the date the updated return is furnished, with the tax paid. Filing on 1 April rather than 31 March moves you into the next slab entirely, which is why the boundary matters far more than people expect.

Can I file an ITR-U to claim a refund?

No. An updated return cannot reduce your tax liability, cannot create or increase a refund, and cannot be used to increase a declared loss. It can only result in additional tax payable.

Can I file an ITR-U after receiving a Section 148 notice?

Yes, following the Finance Act 2026. An updated return may be furnished in pursuance of a Section 148 notice within the time specified in it, on payment of a further 10% under Section 140B(3A), making the effective rates 35%, 60%, 70% and 80%. Income covered by that payment is excluded from the Section 270A penalty computation.

Is the Section 234F late fee charged on top?

Yes, where no return was filed for that year. It is 5,000 rupees, reduced to 1,000 rupees where total income is within 5 lakh rupees. It is payable in addition, but the 140B slab is not applied to it.

How many times can I file an updated return?

Only once per assessment year. That makes accuracy more important than speed, but the slab still rewards filing before the next 31 March boundary.

Is this ITR-U calculator free?

Yes, completely free with no sign-up, and nothing you type is sent anywhere because the whole calculation runs in your browser.

Disclaimer: This tool is for general information and educational purposes only and is not tax advice. It applies Section 139(8A) and Section 140B of the Income-tax Act, 1961 as amended by the Finance Act 2025 and the Finance Act 2026, and computes interest under Sections 234A, 234B and 234C at 1% per month or part of a month on a simplified basis. Tax on the additional income is estimated at the marginal rate you select; it does not compute slab tax, rebates, Chapter VI-A deductions, relief under Sections 89, 90, 90A or 91, or MAT and AMT credits, and Section 234C assumes no advance tax was paid on this income unless you say otherwise. Your actual figures on the e-filing portal may differ. Confirm the final computation with a chartered accountant before you pay and file. © TaxSlabs.

Dharmendra
About the author
Dharmendra
Dharmendra writes TaxSlabs, a free, information-only blog that explains India’s latest income tax, GST, TDS and personal-finance rules in plain language. Everything here, including the calculators, is published purely for educational purposes and kept updated for FY 2025-26. It is general information, not professional or financial advice. He also builds the site’s free browser-based tax calculators and filing tools, each verified against worked examples from official sources such as incometax.gov.in, gst.gov.in and CBIC circulars.

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