It is Mandatory to File ITR for Government Employees & Salaried Persons

1. It is Mandatory to File ITR for Government Employees & Salaried Persons Income Tax Return (ITR) filing services for all the Defence Personnel i.e. (Indian Army, Indian Navy & Indian Airforce), Paramilitary Soldiers i.e (CISF, CRPF, ITBP, SSB, BSF, Indian Coast Guard & Assam Rifles), Ex-servicemen, Government Employees & Salaried Persons. It is a completely online process wherein soldiers don’t need to go anywhere, they just need to upload the required documents and then our team of qualified CA’s will evaluate & file accurate ITR according to information you provide at the earliest. The filing of income tax return (ITR) is a way of self-declaring to the government about the total income that you have earned in the current financial year and that you have paid taxes on that income accordingly. (As per the latest income tax rules, it is mandatory for an individual to file ITR if his income/expenditure/investments meet certain criteria. As per the income tax laws, ITR for Government Employees,Salaried Persons, Defence Personnel i.e. (Indian Army, Indian Navy & Indian Airforce), Paramilitary Soldiers i.e (CISF, CRPF, ITBP, SSB, BSF, Indian Coast Guard & Assam Rifles) & Ex-servicemen must be mandatorily filed if a resident individual's total income during the financial year exceeds the basic exemption limit. Remember, the basic exemption limit for an individual depends on his age. For the FY 2020-21, the basic exemptions limit is as follows:- Age of an Individual and Basic Exemption Limit (RS) ● ● Below 60 Years of Age is Basic Exemption Limit (RS) 2,50,000 Between 60 & 80 Years of Age (Senior Citizen) is Basic Exemption Limit (RS) 3,00,000 80 Years & Above (Super Senior Citizen) is Basic Exemption Limit (RS) 5,00,000 ● www.loan4fauji.com

2. Therefore, if your gross total income exceeds the amount mentioned in the table above, you will have to mandatorily file the income tax return (ITR). Moreover, the Income Tax Act, 1961 was amended through the Finance Act 2019 to make ITR filing mandatory even if gross total income is below exemption limit if an individual has deposited Rs 1 Crore or more in current account spend Rs 2 Lacs or more on foreign travel or paid electricity bill of Rs 1 Lacs or more in a particular financial year. As per the latest income tax rules, it is mandatory for an individual to file ITR if his income / expenditure / investments meet certain criteria for government employees or salaried persons to file income tax returns if their income is lower than the taxable limit as per income tax rules. However, it should be made compulsory, irrespective of tax rules, ITR for government employees or salaried persons. All taxpayers are required to file information regarding their income earned and tax payable in an appropriate form which is known as Income Tax Return or ITR. Hence, we urge all Defence Personnel, Para-military Soldiers & Ex-servicemen to file income tax return (ITR) every year & not only file it when you are getting refunds. More information about ITR for government https://www.loan4fauji.com/file-itr employees then visit our website: www.loan4fauji.com