Itr
This query is : Resolved
17 July 2013
Is it compulsary to file Itr if salary is less than 5 lacs and tds is done by employer
17 July 2013
no, provided u dont violate any other condition mentioned for claiming this exemption of non filing of return.
17 July 2013
no, provided u dont violate any other condition mentioned for claiming this exemption of non filing of return.
17 July 2013
Agree with Tusharji.
17 July 2013
The government has exempted salaried tax payer from filing income tax return for those class of taxpayers who have..
1)Salary income of not more than 5 lakhs during financial year(5 lakhs is computed after allowing deductions)
2)Interest earned by way of interest through saving bank is less than 10000..
For your reference interest of saving bank is exempt from incometax up to Rs.10000 under Section 80TTA
Above exemption is applicable provided following conditions are satisfied.
1)PAN provided to employer
2)reported any income from other sources to employer and tax has been deducted by employer accordingly
3)received form 16 from employer which should say that tax deducted was deposited with government.
4)received salary from not more than 1 employer
Thanks & regards
Ganesh babu k
1)Salary income of not more than 5 lakhs during financial year(5 lakhs is computed after allowing deductions)
2)Interest earned by way of interest through saving bank is less than 10000..
For your reference interest of saving bank is exempt from incometax up to Rs.10000 under Section 80TTA
Above exemption is applicable provided following conditions are satisfied.
1)PAN provided to employer
2)reported any income from other sources to employer and tax has been deducted by employer accordingly
3)received form 16 from employer which should say that tax deducted was deposited with government.
4)received salary from not more than 1 employer
Thanks & regards
Ganesh babu k
17 July 2013
I agree with the above answers.
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