Match Referee David Boon imposed the sanction after Joe Root's side was found to be five overs short of the target with time allowances taken into consideration.
Australia set a target of 20 runs for victory, finished the job in the sixth over for the loss of Alex Carey.
The England captain now needs 22 runs more to surpass Indian legend Sachin Tendulkar's record of 1562 runs, which he piled in the year 2010, to become the fifth-highest run-getter in a single calendar year in Test cricket.
Root also holds three of the top five overall yearly aggregate spots of all England batsmen in Test history.
Root's team has a bit more clarity as in a surprising move rivals Australia named their starting eleven two days ahead of the start of the first Test at the Gabba on Wednesday
England's Test captain Joe Root said the 'intolerable' Yorkshire racism episode has 'fractured our game and torn lives apart' and pledged his support in a bid to bring about a change at his childhood club.
Root is yet to play in the IPL after going unsold in the 2018 auction but all that can change in next year's tournament, which is set to be expanded with the inclusion of two new teams.
Root and other members of the England team have expressed doubts over the tour, citing "bubble fatigue" amid the prospect of living under strict restrictions.
The 34-year-old Ali, a spin bowling all-rounder, announced retirement from the longest format of the game on Monday.
In the Test series against India, Root had an exceptional series as a batsman. He scored 564 runs at an average of 94 and making three centuries, the only batsman from his side to reach the three-figure mark.
Root beat competition from Indian pacer Jasprit Bumrah and Pakistan speedster Shaheen Afridi to win the award for a stellar month of August.
The fifth Test between England and India will be played at the Old Trafford Cricket Ground in Manchester from September 10.
The wicket at The Oval aided the pacers early on before becoming a batting beauty. On day five, Indian bowlers still managed to get enough out of it for a famous win.
England captain Joe Root has admitted that his team's humiliation in the fourth Test by India is 'hard to take'.
Joe Root he home captain vowed to make a strong comeback at the Old Trafford in the final Test, starting September 10.
Till the 61st over, England were coasting along at 141/2 but Bumrah took the ball and ran through the middle-order, picking the wickets of Ollie Pope and Jonny Bairstow.
Hussain wrote that any other team would have bowled their main spinner more in similar conditions.
Pujara might have redeemed himself with a knock of 91 which was high on "intent quotient" but the same can't be said about Rahane, whose form is shaky despite a crucial 61 in the second innings at the Lord's.
Rohit Sharma advanced to fifth position in the ICC Test Rankings, going past Virat Kohli to become the top-ranked Indian batsman.
Trusting Ravindra Jadeja's batting ability more than Ashwin, India skipper Virat Kohli had ignored the ace offspinner for the first three Tests.
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