Income tax return (ITR) filing: From selling shares, taxable salary to NRIs, all you want to know
Obligation to file the income-tax return arises when income exceeds the threshold limit specified in this behalf (that is, Rs 2,50,000 if the age is up to 60 years and Rs 3,00,00 if age is more than 60 years). In your case, you shall not be required to file income-tax return as your income is below the threshold limit.
To claim the salary benefits, there must exist the employer-employee relation and most importantly, salary income should be earned. Image source: Reuters