Hi Experts,
How can file ITR to Daily wages income people? My one of the friend ask to me " if any one got daily wages (Rs. 700 per day ) , how do group this income and how do file ITR without form 16?"
Kindly request to clarify this doubt?
Menu
How can file it return to daily wages people
Replies (6)
If he is employed and working as a employee, then he may file ITR-1 as his income is above taxable limit at Rs. 2,55,500/- p.a
If hasn't the emploee employer relationship what will do. Ex: he is building construction masthiri work.
If he is an independent contractor who gets hired for his services for a particular job, then he may file ITR-4.
as per the law he is an asessee. as per his wage record we can calculate his income tax liability by calculating sum received.
Can take total wages recd as income under other sources
Daily wage earners income as on daily work as and when required by some one or some contractor . I think for him it is Income form Labour charges which can be filed in Return ITR IV. There is no emeplyee -employer relationship in between contractor and him. Now a days contractors have to deduct tax also if payment exceeds TDS limits.
Recent Threads
- Schedule 112A CSV template
- RNOR status and exemption on RFC account interest
- Upload error for ITR 2 filing after validation
- CCI Forum gets fresh Look ! Share your views
- Presumptive taxation 44AD BLOCK PERIOD
- FORM 27Q FILING
- TDS for Advance Maintenance
- GST on product purchased at MRP
- TDS on Joining Bonus
- How to complete form10E Table details for the year
Related Threads
CAclubindia
