Income Tax and TDS

Hi pankaj I am a salaried employee. 2011-12 income approx 2.16L . I have saving account but intrest is not above 10,000. I have LIC investment(around 7000/-). Do i need to fill income tax. And what exactly is income tax return form. Difference between ITNS 280 and ITR1. Which one i need to fill and where (online)? Also for 2010-2011 my income was around 30,000/- do i need to fill nil return, how and where. Please please reply, i am very confused.

asked Mar 26 '12 at 18:04 by cshekhar3334 311412

Also I visited the site https://incometaxindiaefiling.gov.in There I am confused on which Assessment Year to select, For the period of 01/01/2010 to 31/03/2011 of my income. In the Download panel should I select e-filling A.Y 2011-12 or previous years e-filling A.Y 2010-11. Again on the Submit Return panel should I select assessment year as A.Y 11-12 or A.Y 10-11.
(Mar 26 '12 at 18:38) cshekhar3334
1
Assessment year is next year to financial year for which you need to show income. For FY 2011-12, Assessment year would be 2012-13.
(Mar 27 '12 at 15:51) Pankaj Batra
so for 01/01/2010 to 31/03/2011 AY will be 2011-12.right
(Mar 27 '12 at 16:12) cshekhar3334

If you were employed with only single employer in financial year 2011-12 and whole income tax (including that on bank interest) has been paid through TDS by employer, then there would not be any need to file income tax return. But it would be required in all other cases.

In case you would need, you would need to file ITR1 before 31st July after paying taxes (if any pending).

In 2010-11 as your income was below taxable range, income tax return filing is not mandatory.

answered Mar 27 '12 at 15:51 by Pankaj Batra 5.2k320

link
thank u very much .
(Mar 27 '12 at 16:12) cshekhar3334

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Asked: Mar 26 '12 at 18:04

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Last updated: Mar 27 '12 at 16:12