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Income tax return if gross salary is less than 5 lakh in fy - 2018-19

ITR 341 views 2 replies
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Account Manager
665 Points Joined March 2012

Dear All,

             If my Gross Total Salary for Financial Year 2018-19 is Less Than 5 Lakh, and Employer Deducted TDS 2403/- on my Salary. Is it mandatory to file income tax return in my case.  

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On 12 September 2019 at 11:43 Report
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student
621 Points Joined September 2013
yes. since your income exceed the basic exemption limit of Rs 250000
also dts is deducted which can be claimed as refund if u have savings
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On 12 September 2019 at 11:53
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17264 Points Joined December 2018
it's mandatory for you to file return.

From your Gross Total Salary , take all deductions viz Standard Deduction, Profession tax, section 80C 80D deductions etc

Claim TDS credit under TDS schedule.

You will have to pay late fee of Rs 1000 towards late filing of return.
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On 12 September 2019 at 12:23

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