File income tax even if you have an income of Rs.2.5 lakh..?

Sowmiya Sriram
File income tax even if you have an income of Rs.2.5 lakh..?
The Income Tax Department has announced that those who have an annual income of more than Rs.5 lakhs must file income tax and the last date for filing income tax is July 31. In this situation, there are only two days left for filing income tax, so people filing income tax are filing briskly. Should people with income above Rs 2.5 lakh file income tax? Now let's look at the full details of this as many people have doubts.
Although it is not necessary for people with income above Rs.2.5 lakhs to file income tax, it is said that there is nothing wrong with filing income tax for future benefits including passport renewal. It is also said that people with an income of Rs.2.5 lakhs per year can get some benefits if they file income tax. But at the same time, it is important to note that if the TDS amount can be received only by filing the income tax, then it is necessary for those who have an income of Rs.2.5 lakhs also to file the income tax.
According to the Income Tax Department, people with income above Rs.2.5 lakh per year do not need to pay income tax even if they file income tax and they will get some benefits by filing income tax. The Income Tax department has said that the TDS deductors must file income tax to get the refund and not only that, those with income above Rs 2.5 lakh will get some positive benefits from filing income tax.
Filing income tax is not only about paying income tax but it is also considered a source of our income. It is noted that through this resource it will be easy to get a visa and passport while going abroad and also bank loans will be easy for income tax filers.
Financial advisor Aarti Rade said that even if your income is within the income tax exemption limit, it is better for you to file returns as this will ensure that there is no gap in the process of filing income tax returns every year.
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