Income tax filing: 4 reasons why should you file your returns regardless of salary bracket
Updated: 18 Jul 2022, 08:03 AM IST
TL;DR.
If your income is over ₹2.5 lakh, then it is mandatory to file the returns. But there won’t be any tax liability for income up to ₹5 lakh as there is a rebate of ₹12.500According to the current provisions of income tax law, filing a tax return is mandatory for the salaried individuals with an income of over ₹2,50,000.