27 July 2012
Respected Sir, I am having income from salary around Rs. 364000 & interest on fixed deposits more than Rs. 10000 in F.Y. 2011-12. Is it compulsory for me to file a IT return. Thank you.
27 July 2012
Yes you have to file tax return because u have a income of interest on Fixed deposit. Salaried persons are exempted for filing income tax return only when salary is upto 5 lacs and interest from savings bank account is not more than 10,000.
So u have to file income tax return in ITR1 sahaj.
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