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No, you will not incur late payment penalty until March 2024. What you should do is to inform the current company of the previous income
You can simply pay additional tax basis for calculation on Incometax portal or through the bank gateways. You can do that now or before March 2023.
You can also do it in ITR
Either you can declare with current employer, they can deduct that else you can make advance tax payment in ITR site before Mar-24, and all good else extra charges if deleyed by that time.
Pay additional tax to save on penalties