An
Individual is required to file the Income Tax Return if his/her total
income without allowing deductions exceeds the basic exemption limit.
For A.Y. 2013-2014 (i.e., FY 2012-13) , the basic exemption limits are as under:
- For Men & Women below the age of 60, the exemption limit is Rs. 2 Lacs.
- For senior citizens whose age is between 60 to 80 years, the exemption limit is Rs. 2.50 Lacs.
- For very senior Citizens (i.e., 80 years & above), the basic exemption limit is Rs. 5.00 Lacs.
There is no gender basis discrimination
in the FY 2012-13 in the basic exemption limit as was there earlier.
With a look at the basic exemption limit applicable for the FY 2012-13,
the replies to your queries are as under:
- The Gross total income (i.e., income before allowing deductions u/s 80C, 80D, 80G etc) is Rs. 3.40 Lacs. Since, the income is above the basic exemption limit, it is mandatory for her to file the Income Tax Return. It may be noted that she, being a non senior citizen, the basic exemption limit would be Rs. 2 Lacs and not Rs. 2.50 Lacs.
- If the employer has not deducted any tax at source, then it is not
obligatory on part of the employer to issue Form No. 16. But in the
given case, after allowing the deductions u/s 80C, taxable income is of
Rs. 2.40 Lacs on which probably tax of Rs. 4,120/- may have been
deducted. In such situations, it is compulsory for the school to issue
TDS Certificate failing which the penal provisions get attracted. In any
case, where Form No. 16 is not issued to the employee for any reason
whatsoever, the employee can still file the income tax return on the
basis of self computations also.
