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Annual Income

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Amandeep Singh (Querist)

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

CMA Poornima Madhava

CMA Poornima Madhava (Expert)

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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