income tax return file software free download

The amount deposited in one or more savings account is Rs 50 lakh or more during the financial year.Total TDS or TCS exceeds Rs 25,000 during the financial year.Total professional gross receipts exceeds Rs 10 lakh during the financial year.The sales turnover of a business exceeds Rs 60 lakh during the year.Incurred aggregate expenditure over Rs.1 lakh towards payment of electricity bill.

Incurred an aggregate expenditure of over Rs.2 lakh for yourself or any other person traveling to a foreign country.Deposited an amount or aggregate of the amount over Rs.1 crore in one or more current accounts maintained with a bank or a cooperative bank.Filing of return is mandatory in the following cases, even if the gross total income does not exceed the basic exemption limit: So, even if the employer has deducted TDS in full, you must file an income tax return online. You must file a return irrespective of whether you have paid tax or not. 5,00,000 in the case of the super senior citizen if filing under the old regime. 3,00,000 in the case of the senior citizen and Rs. Similarly, the basic exemption limit is Rs. This basic exemption limit is 2.5 lakh for the individual filing income tax return till FY 2022-23(AY 2023-24) for both tax regimes.Īs per the announcement in Budget 2023, the basic exemption limit for individuals opting for the old tax regime will remain 2.5 lakhs, while for the ones opting for the new tax regime, it will be 3 lakhs. Every Individual, including an NRI, must file an Income tax return where Gross Total Income exceeds the basic exemption limit.

Income tax return file software free download