Salary Income below 500000

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Dear Friends,

                      My brother is getting salary income below five lakhs . Other  than that what he is getting is very few interest on savings bank account ( less than 2000 for the whole year) . But he has not furnished the savings bank interest details to the employer.

                Is he required to file return of income for the curent year ? Kindly explain.

 

Thanks in advance

Replies (8)
Yes, he has to furnish return because ur brother has not reported interest income to his employer and accordingly has not paid tax on the intt. Income.

yes surely he will be required to furnish the return

Dear Friends,

my uncle getting salary less than 150000 lakhs and also getting Commission on sales Rs. 200000 . which ITR Form will be File.

My experience is that the Department staff would not accept the return if you wish to file physically. You can file online.

Originally posted by : firoz alam

Dear Friends,

my uncle getting salary less than 150000 lakhs and also getting Commission on sales200000 . which ITR Form will be File.

Dear Friend,

IF COMMISSION INCOME IS PART OF THE SALARY INCOME ITR 1 IS TO BE FILED OTHER WISE ITR4 WILL BE FILED.

You can read article https://economictimes.indiatimes.com/personal-finance/tax-savers/tax-news/ET-Weath-Income-up-to-Rs-5-lakh-Exemption-from-filing-I-T-returs-No-one-can-avail-of-it/articleshow/9074892.cms to get more clarity on ths topic. It may answer you most of the queries you have.

Originally posted by : Dipjyoti Majumdar

My experience is that the Department staff would not accept the return if you wish to file physically. You can file online.

TRUE... YOU SHOULD FILE RETUTN AND ONLINE WILL HELP IT BETTER

Thank you Mr.Sandep Kumar


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