diff --git a/clang-tools-extra/clang-tidy/readability/MisleadingIndentationCheck.cpp b/clang-tools-extra/clang-tidy/readability/MisleadingIndentationCheck.cpp
--- a/clang-tools-extra/clang-tidy/readability/MisleadingIndentationCheck.cpp
+++ b/clang-tools-extra/clang-tidy/readability/MisleadingIndentationCheck.cpp
@@ -104,7 +104,8 @@
 }
 
 void MisleadingIndentationCheck::registerMatchers(MatchFinder *Finder) {
-  Finder->addMatcher(ifStmt(hasElse(stmt())).bind("if"), this);
+  Finder->addMatcher(
+      ifStmt(unless(hasThen(nullStmt())), hasElse(stmt())).bind("if"), this);
   Finder->addMatcher(
       compoundStmt(has(stmt(anyOf(ifStmt(), forStmt(), whileStmt()))))
           .bind("compound"),
diff --git a/clang-tools-extra/docs/ReleaseNotes.rst b/clang-tools-extra/docs/ReleaseNotes.rst
--- a/clang-tools-extra/docs/ReleaseNotes.rst
+++ b/clang-tools-extra/docs/ReleaseNotes.rst
@@ -240,6 +240,10 @@
   magic numbers in type aliases such as ``using`` and ``typedef`` declarations if
   the new ``IgnoreTypeAliases`` option is set to true.
 
+- Fixed a false positive in :doc:`readability-misleading-indentation
+  <clang-tidy/checks/readability/misleading-indentation>` check when warning would
+  be unnecessarily emitted for template dependent ``if constexpr``.
+
 - Fixed a false positive in :doc:`cppcoreguidelines-slicing
   <clang-tidy/checks/cppcoreguidelines/slicing>` check when warning would be
   emitted in constructor for virtual base class initialization.
diff --git a/clang-tools-extra/test/clang-tidy/checkers/readability/misleading-indentation-cpp17.cpp b/clang-tools-extra/test/clang-tidy/checkers/readability/misleading-indentation-cpp17.cpp
new file mode 100644
--- /dev/null
+++ b/clang-tools-extra/test/clang-tidy/checkers/readability/misleading-indentation-cpp17.cpp
@@ -0,0 +1,29 @@
+// RUN: %check_clang_tidy -std=c++17-or-later %s readability-misleading-indentation %t -- -- -fno-delayed-template-parsing
+
+namespace PR61435 {
+
+template<int N>
+constexpr auto lam_correct = []{
+  if constexpr (N == 1) {
+  } else {
+  }
+};
+
+template<int N>
+constexpr auto lam_incorrect = []{
+  if constexpr (N == 1) {
+  }
+   else {
+  }
+  // CHECK-MESSAGES: :[[@LINE-2]]:4: warning: different indentation for 'if' and corresponding 'else' [readability-misleading-indentation]
+};
+
+void test() {
+  lam_correct<1>();
+  lam_correct<2>();
+
+  lam_incorrect<1>();
+  lam_incorrect<2>();
+}
+
+}