Do I have to file an IT return if my income is less than INR 4 Lakhs?

Do I have to file an IT return if my income is less than INR 4 Lakhs?

Yes, you need to file it by August 5th. Any individual having a source of income from an employer, and the salary is more than INR 2.5 Lakhs must pay tax. However, this exemption limit may differ if your age is 60 or more or you are a female. If you had any TCS/ TDS or income from any other source you also need to file ITR. If you transacted 2 lakh or more during demonetization period then also you need to file ITR


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