sivakumar (Asst Manager - F&A) (324 Points)
05 February 2014Hi Experts,
How can file ITR to Daily wages income people? My one of the friend ask to me " if any one got daily wages (Rs. 700 per day ) , how do group this income and how do file ITR without form 16?"
Kindly request to clarify this doubt?
Mihir
(Wealth Manager)
(5293 Points)
Replied 06 February 2014
If he is employed and working as a employee, then he may file ITR-1 as his income is above taxable limit at Rs. 2,55,500/- p.a
sivakumar
(Asst Manager - F&A)
(324 Points)
Replied 06 February 2014
If hasn't the emploee employer relationship what will do. Ex: he is building construction masthiri work.
Mihir
(Wealth Manager)
(5293 Points)
Replied 06 February 2014
If he is an independent contractor who gets hired for his services for a particular job, then he may file ITR-4.
NOUFAL
(ACCOUNTANT)
(762 Points)
Replied 06 February 2014
as per the law he is an asessee. as per his wage record we can calculate his income tax liability by calculating sum received.
Ganeshbabu K
(Audit and Tax Advisory)
(48564 Points)
Replied 06 February 2014
G. Ved
(Accountant)
(24 Points)
Replied 09 February 2014
Daily wage earners income as on daily work as and when required by some one or some contractor . I think for him it is Income form Labour charges which can be filed in Return ITR IV. There is no emeplyee -employer relationship in between contractor and him. Now a days contractors have to deduct tax also if payment exceeds TDS limits.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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