the Qs
the Qs
I worked for three employers, none deducted tax, and my total income exceeds the exemption limit. Do I need to pay taxes?
Yes, you have to file ITR as our income tax works on the basis of an honest system. Since your income was below the basic exemption limit of 3 lakh rupees individually with all your employers, they were not responsible for deducting any TDS. since due to clubbing, the total income of yours is above the threshold. And hence, you’re supposed to file ITR even though no TDS has been deducted. You can file your ITR before 31st july directly on the income tax website.
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the Qs
I worked for three employers, none deducted tax, and my total income exceeds the exemption limit. Do I need to pay taxes?
Yes, you have to file ITR as our income tax works on the basis of an honest system. Since your income was below the basic exemption limit of 3 lakh rupees individually with all your employers, they were not responsible for deducting any TDS. since due to clubbing, the total income of yours is above the threshold. And hence, you’re supposed to file ITR even though no TDS has been deducted. You can file your ITR before 31st july directly on the income tax website.
Get access to Personal Finance Insights you will actually want to read!
Join 12,000+ readers who receive practical and actionable insights decoding Personal Finance right to their mail box to learn all about money!
No Spam. Only Finance
No Spam. Only Finance
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Why join Dime's Tax Strategy Masterclass?
Comprehensive
Practical
Case Studies
This isn’t a normal masterclass. You will get a comprehensive hands-on experience of various “Tax Strategies” with our proven case-study based approach.
Get access to in-house built powerful Old vs. New Tax regime calculator, tax handouts, and more.
Thousands have benefited you can too!
2000+ People have already saved Taxes
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