Annual Income
This query is : Open
15 April 2021
Dear Sir
In April 2020 I have Filed 15G form in Bank to avoid TDS on FDR. FD interest Rs. Less then 13000/- Where i mention my annual income Rs.180000/- ( Private School teacher Salary+ Tution fees) But my annual income increase due to tution fees school closed during Covide-19 So Can i face any issue Please suggest
Can i fill Income tax return earlier i have never filed income tax return
In April 2020 I have Filed 15G form in Bank to avoid TDS on FDR. FD interest Rs. Less then 13000/- Where i mention my annual income Rs.180000/- ( Private School teacher Salary+ Tution fees) But my annual income increase due to tution fees school closed during Covide-19 So Can i face any issue Please suggest
Can i fill Income tax return earlier i have never filed income tax return
15 April 2021
Since the interest income is less than ₹40,000, there was anyway no need for the bank to deduct tax at source. We are in a pandemic situation experiencing uncertainties in various matters and income is also one amongst them. If your income exceeds basic exemption limit, you are required to file ITR.
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