scorecardresearchIncome tax filing: 4 reasons why should you file your returns regardless of salary bracket

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 12.500
According to the current provisions of income tax law, filing a tax return is mandatory for the salaried individuals with an income of over  <span class='webrupee'>₹</span>2,50,000.

According 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.