![]() ![]() The maximum amount not chargeable to income tax in case of different categories of individuals is as follows: TAXġ0% of the Income Tax, where total taxable income is more than Rs. Details of foreign trips or expenditure thereon are not required to be furnished as shown in image belowĭownload Excel and Java utility for FY 2014-15 and AY 2015-16 from income tax e -filing website Tax slabs for Financial year 2014-15 or Assessment Year 2015-16Įvery individual whose total income before allowing deductions under Chapter VI-A of the Income-tax Act, exceeds the maximum amount which is not chargeable to income tax is obligated to furnish his return of income. For foreign travel details only Passport Number, if available, would be required to be given in Forms ITR-2 and ITR-2A.Even those accounts which are closed during the year for ITR2. Disclosure of details of dormant accounts which are not operational during the last three years has been done away with. Providing Details of all bank accounts with Bank name, IFSC Code, Name of Joint Holder, if any, Account number, Account balance as on is mandatory.Our article E-verification of Income Tax Returns and Generating EVC through Aadhaar, Net Banking explains the process in detail. This would use either Aadhaar Number,or Login through Net Banking facility of the person, Digital Signature,Mobile OTP(One time password) Any One of the above methods can be availed by a person filing its income tax return online to avoid sending a physical copy of ITR-V to Bangalore. Introduction of Electronic Verification Code(EVC) as option of NOT sending ITR-V to CPC Banaglore.ITR 2 and ITR 2A – will have only three pages.A new Form ITR 2A is available which can be filed by an individual or HUF who does not have capital gains, income from business/profession or foreign asset/foreign income. Now taxpayers who own more than one house property but don’t have any capital gains shall file ITR 2A. ![]()
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