What is The Income Limit For Filing Income Tax Returns?
There are some rules that make people mandatory for filing tax returns, and these rules will be different from one year to the next, for the current financial year 2014-15, for which to be evaluated in 2015-16, people coming in the following categories Return the returns:
There is taxable income of more than Rs. 2,50,000.
The taxable income of senior citizens (60-80 years) is more than Rs. 3,00,000
Taxable income of senior citizens (80 years and above) is more than Rs. 5,00,000.
How To Pay Income Tax?
This process has become easy because all these things can be done online these days.
Banks Offer e-payment Facility –
People with accounts of approximately 26 banks in India can easily make online tax payments easily. Some popular banks include ICICI, IOB, HDFC Bank, IDBI, SBI, Indian Bank and others.