For ITR filling

hello Sir,
My annual income is 500000.

it is mandatory to fill ITR.

please suggest i am not filling ITR

Anonymous Asked on September 4, 2017 in Taxations.
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1 Answer(s)

If your Income is more than basic taxable limit of Rs 2.5 lacs you need to file the returns.  Exemption for non filing up-to 5 Lacs for salaried earning people whose taxes is deducted by employer. Its better to file the ITR every year.

TaxIQ Answered on September 5, 2017.
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