Tag Archives: #ExemptionCriteria

Who are not required to file ITR?

  Not required to file ITR Not required to file ITR, certain criteria. Here are some cases where filing an ITR may not be mandatory: Individuals below the Basic Exemption Limit: If your total income during the financial year falls below the basic exemption limit set by the income tax department, you may not be required… Read More »

Who does not need to file ITR?

Need to File ITR   Who no Need to file ITR in India, certain individuals may not need to file an income tax return (ITR) if they meet specific conditions. Here are some categories of individuals who generally do not need to file an Income Tax Return: 1. Individuals below the Exemption Limit: If your… Read More »

What does it mean when an organization is tax exempt in India?

Tax exempt Tax exempt: In India, a tax-exempt organization is refer to as a “charitable organization” or “charitable trust” and is exempt from paying income taxation under Section 11 of the Income Tax Act, 1961. This exemption applies to organizations that are establish for charitable, religious, or educational purposes, as well as those established for… Read More »

What is the amount of conveyance allowance tax limit that is exempt from tax?

Conveyance allowance tax limit Introduction In most organizations, employees receive various allowances in addition to their basic salary. One such common allowance is the Conveyance Allowance, which is provided to employees to cover commuting expenses between home and workplace. However, a key aspect to consider is the tax exemption on conveyance allowance. Understanding the conveyance… Read More »