when they say total income should be above 50 lacs to use itr 2 , is the gross income without deductions or total taxable income after deductions that should be above 50 lakhs?
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Total taxable income or gross income above 50 for itr2?
Replies (6)
Quick Summary
Itr 2 has other details to be filed in.
It is total income.
Total taxable income
It is stated that total income exceeds 50 lakh then itr2. I think total income from all sources n not taxable
Yes 50 lakhs is one of the criteria and not business profession.
Net total income after deduction should be Rs 50 lakhs
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