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Salary returns below 5 lakhs

Others 709 views 3 replies

Is this mandatory to file salary returns for the income below 5 lakhs

Replies (3)

If the employe getting salary below 5 lacs from a single employer and not have any other sources of income and TDS is deducted and got the Form 16 downloaded from TRACES, employee need not to submit ITR

Thank you MR. Reddy. But, in my case where my role is Consultant and drawing a monthly salary and computation for one year comes to 4,50,000/-  W ith TDS @ 10%,  net salary is 4,05,000/-

I have been issued Form 16A from my employer. I need to file ITR is it not to  claim my TDS amount?

Solicit your clarification on the above and also which ITR  I should apply thru.

M Veerabhadrappa

 

 

It is professional income, so you have to use ITR 4. You can also use ITR 4S, if you dont want to prepare income n expenditure and balance sheet.


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