hi pankaj i m a salarised person and i m paying tax through railways, my employer 4 the last three years. they deduct it at the year end. do i need to file return 4 the same individually? i havent file 4 last three years. i have PAN no
1 Answers
In case your income is more than income tax taxable slab, then you must file income tax return.
In case it has not been done, income tax department may send a notice to you.
If income tax return is filed after end of assessment year, there is a penalty of 5000 Rs. Also interest is applied under section 234 A and 234 B
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