Explain the quantum of late fees under section 234 F for delay in furnishing return of income within the prescribed time limit under section 139(1) for A.Y. 2019-20.

Quantum of late fee for delay in furnishing return of Income Late fee under section 234F is attracted where a person, who is required to furnish a return of income under section 139 of the Income Tax Act, 1961, fails to do so within the time limit prescribed under section 139(1). If the return is furnished on or before the 31st December of the assessment year - ₹5000 In any other case - ₹10000 However, if the total income of the person does not exceed ₹5 lakhs, the fee shall not exceed ₹1000.