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Salary for persons below 5 lac

SIVASIVA (FCA, Future CA) (4935 Points)

14 August 2013

dear friends,

please comment.... is it liability to file manually or efiling for persons having a salary of less than 5 lac.... of taxable income

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7 Replies

ramakrishna (article student) (64 Points)
Replied 14 August 2013

yes,but if you getting any interest income RS 5000 then is liable to file

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CA LOVELY ARORA (C.A. B.Com (H) Graduate) (2151 Points)
Replied 14 August 2013

Dear Sivasiva,

you may file your ITR manually/physically, as your total income is less than Rs. 5 lacs. No other condition is there.
And yes, all the salaried employees are liable to file their ITR even if there income is less than 5 lacs, because the exemption was provided for just 2 years, it's not applicable for A.Y. 13-14, you have to file ITR for that period.

Best Regards,
CA Lovely Arora
ca.lovelyarora @ gmail.com

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SIVASIVA (FCA, Future CA) (4935 Points)
Replied 14 August 2013

really... thnaks for your comment arora... do u have notification ref /download etc...

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CA LOVELY ARORA (C.A. B.Com (H) Graduate) (2151 Points)
Replied 14 August 2013

have a look at that:-

https://articles.economictimes.indiatimes.com/2013-07-22/news/40727793_1_online-filing-special-counters-cbdt

as the exemption was granted 2 years before, so, one needs to have a look at the budget highlights of Finance Act, 2010, but the above link will serve your purpose.

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manoj (student) (5205 Points)
Replied 14 August 2013

YES AS PER THIS YEAR'S GUIDELINESS U HAVE TO FILE RETURN EVEN IF U R INCOME IS BELOW 5,00,000

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mizbah khan (student IPCC) (98 Points)
Replied 16 August 2013

First of all Yes you have to file an ITR even for persons having salary less thna ₹5 lac. And then for the mode of filing you avail both the options i.e, either file it online or manually in paper form. Theres a special counter at the department for Salaried persons having Salary less than ₹5 lac.

mizbah khan (student IPCC) (98 Points)
Replied 16 August 2013

*First of all Yes you have to file an ITR even for persons having salary less than ₹5 lac. And then for the mode of filing you can avail both the options i.e, either file it online or manually in paper form. Theres a special counter at the department for Salaried persons having Salary less than ₹5 lac.