When is tax deducted in each tax year?

Filing income tax return. I retired last year as a teacher. I got my tax deducted and got FORM 16?

  • But I have not filed my income tax return. How can I file my returns now?

  • Answer:

    Hi assuming you have received the Form 16 for the year 2009-10 , the due date for filling the income tax return is July 31' 2010, you can file the income return before the end of the Assessment year (i.e 31st March 2011), otherwise a penalty of Rs.5000 may be imposed u/s 271F if belated return is submitted after the end of assessment year . Which is at the discretion of the Income tax officer.

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You can file your returns online at www.incometaxindiaefiling.gov.in OR you can file the same manually at the local ward office. You will have tomention the salary income as per the form 16 and any other income also. Also prepare the Balance sheet and capital account for the year for your record and if any income is missing to be noted in the return , please do so.

khandoba

why you want to file the return now. now you are retired. or if you have your income more then 1.65 then you should file your return. visiti www.incometaxindia.gov.in, download software and fill the details. up load the return. Tulsi Gupta

tulsi gupta

Hi You have not mentioned the year you can go to www.incometaxindia.gov.in and file on line

Dragon

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