Income tax return

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Assistant
362 Points Posted on 29 March 2021
Sir

annual income current financial year is 6 lac 23 thousand in which 1.50 Lac deposit to Ppf account so can we have to pay income tax
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On 29 March 2021 at 20:53 Report
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Quick Summary
If your annual income is ₹6.23 lakhs and you've invested ₹1.50 lakhs in a PPF account, your tax liability is likely nil after considering the rebate. However, you will still need to file your income tax return, especially if capital gains are not included in your income.

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Chartered Accountant
24588 Points Posted on 29 March 2021
No your tax liability will be nil after giving rebate of 12500 rupees
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On 29 March 2021 at 21:27
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2742 Points Posted on 29 March 2021
No you don't have to pay, but in annual income I hope there is no capital gain amount.
also you must be required to file the return
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On 29 March 2021 at 21:32

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