Plz guide regarding it return
This query is : Resolved
07 March 2015
is it compulsory for a salaried employee to file income tax return??
N what if salary is exceeding 5 lakhs?
10 March 2015
Salaried employees whose total income assessed to Income tax did not exceed Rs 5 lakh in a year need not file any income tax return as per Finance Ministry notification No. 9/2012, dated: February 17, 2012.
If the total income before any deduction exceeds Rs. 5 lakhs, it is mandatory to file the return.
If the total income before any deduction exceeds Rs. 5 lakhs, it is mandatory to file the return.
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