Is is required to file ITR if net income after standard deduction below 5 lakhs

Tax queries 187 views 2 replies

I have salary income  + interest income & Commission Income (3.35 lakhs) under 194 H for which 5% TDS applied by payee. After standard deduction of 50K  net income is 4.95 Lakhs. No Income Tax due as per online self filing on IT Portal.  Do I need to file ITR for FY: 2021-22. if Yes which ITR.

Replies (2)
Yes need to file ITR. File ITR 1
Yes. if income exceeds 2,50,000. you need to file ITR. you can file ITR 1


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