FORM 16 for taxable salary less than 5l

If your taxable salary is less than 5 lakhs and you receive the 87A rebate, resulting in zero tax liability, you are still generally required to submit Form 16. While your tax liability is nil, filing an Income Tax Return (ITR) is mandatory if your annual income exceeds 2.5 lakhs, unless you are a senior citizen who may be exempt. The exact requirements depend on your age and overall income.