When Gross Total Income exceeds the basic exemption level of Rs. 2,50,000 for an individual, Rs. 3,00,000 for senior citizens, and Rs. 5,00,000 for super senior citizens, every Individual, including an NRI, is obliged to submit an Income Tax Return.
Total income includes all taxable sources of income, including salary, rental income from real estate, company and professional revenue, capital gains, and other types of income. Before granting the benefit of deductions like 80C, 80D, 80DDB, etc., this limit must be verified. Regardless of whether you have paid tax or not, you must file a return. Therefore, even if your employer has fully deducted TDS, you still need to
