File income tax return even if you don’t have taxable income

To file income tax return or not depends on your income level. As per the income tax act, if your income is within exemption limit of tax, it is not compulsory to file a tax return. The minimum exemption limit as per current norms is Rs 2.5 lakh for individual upto 60 years of age. For senior citizen between 60 to 80 years, this limit is Rs 3 lakh and for those with age of 80 years this limit is...

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