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Compulsory to fill ITR if Gross salary upto 5 lakh

Kuldeep Singh (179 Points)

15 December 2021

Is it mandatory to file ITR for those whose annual income is below/upto Rs 5 lakh ?

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10 Replies

Tanuj Chandra Saxenaa (Company Secretary) (7070 Points)
Replied 15 December 2021

Not required to file ITR if your gross total income is below basic exemption limit

Kuldeep Singh (179 Points)
Replied 15 December 2021

@ Dhirajlal Rambhia sir,

Plz reply

sabyasachi mukherjee (25983 Points)
Replied 15 December 2021

There are certain requirements when an individual can file you avail certain benefits

Sheetal Jain (.) (894 Points)
Replied 15 December 2021

It is not mandatory to file ITR unless required by law or for claiming refund.

It is highly suggested to file ITR every year for various benefits.

CA Aakarsh Jain (CA) (10216 Points)
Replied 15 December 2021

Agreed with tanuj and sheetal

2 Like

jagdish chhugani (engineer) (736 Points)
Replied 30 December 2021

Who should file an ITR

An individual is obligated to file an ITR in the prescribed form if his/her gross taxable income [calculated before eligible exemption available for long-term capital gains on listed securities upto Rs 1 lakh and other deductions under Chapter VI-A of the Act] during a particular FY exceeds the maximum amount not chargeable to tax.

For FY 2020-21, total income up to Rs 2.5 lakh is not subject to tax for an individual. Such threshold income for a resident senior citizen (age of 60 years or more) and resident super senior citizens (age of 80 years or more) is Rs 3 lakh and Rs 5 lakh, respectively.

Once the gross total income is determined, deductions available under chapter VI-A of the Act (such as Section 80C in respect of specified investments/expenditure, Section 80D for medical insurance premium, etc.) can be claimed to arrive at total taxable income

debora M (BUSINESS DEVELOPMENT MANAGER) (1697 Points)
Replied 30 December 2021

So in your case as your taxable income is Rs. 4 lakh which is below Rs. 5 lakh, the threshold limit, for availing the rebate under Section 87A, you will not have to pay any tax in respect of your income but still you will have to file your ITR

jagdish chhugani (engineer) (736 Points)
Replied 30 December 2021

gross taxable income

in Computation of total income

10 Gross Total income (8-9) (also total of serial no (i) to (xiv) of column 5 of Schedule BFLA+ 5b+ 3iv) if more than 250000

if you filed ITR before you must file always

Rahul Joshi (2 Points)
Replied 27 July 2022

Can we file ITR before due date with 09 months salary. After getting form 16 we will revise the return with 12 months.

An expert opinion required.

jagdish chhugani (engineer) (736 Points)
Replied 27 July 2022

CHECK AIS ALONG WITH 26AS ALMOST EVERY TRANSACTION IS RECORDED INCLUDING YOUR SALARY. AND TDS DEDUCTED , GET FORM 16 FROM YOUR EMPLOYERS, IF YOUR EMPLOYERS NOT GIVINNG FORM 16, THEN FOLLOW AIS , YOUR SALARY AND HRA RECORDED IN AIS,,IF ALL NOT OK YU WILL GET DEFECTIVE ITR NOTICE