Tax for income from two sources

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

28 June 2014 Dear Sirs,

I've two income sources and I've PAN:

1. Rs. 72,000/- pa as a salary for working as play school teacher.
2. Rs. 1,80,000/- from my fixed deposits from different banks.

So my total income for the last year is Rs. 2,52,000/-

I'm getting salary directly to my bank account (Rs. 6000/- pm) but there is no payslip or TAN number for my school.

I submitted Form 15H in all the banks where i made FDs. (I have these FDs since many years and did n't filed Tax return so far)

So no tax is deducted for my total income.

Please guide me whether I should file a income tax returns? or not ?

If I have to file, how can I show my salary in the returns because I don't have any Form 16. Also I checked my Form 26s online and it's empty.

Thanks!

Nikhil Kaushik

Nikhil Kaushik (Expert)
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28 June 2014 1. yes you are required to File ITR-2

2. absence of Form 16 doesn't stop you from showing the salary. you can do so on the basis of pay slips.

3. about Rs 2266 is to be paid as tax...

Querist : Anonymous

Querist : Anonymous (Querist)

29 June 2014 Thanks for the guidance. I understood I can use my bank statement as my salary proof.

I plan to file online, can't I simply use ITR-1 instead of ITR-2 ? Please confirm.

Thanks!

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