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Hi Fishes, How much money can we keep in our salary account? I have only 1 bank account which is salary account. I have created RD account in that only. So wanted to know what's the maximum amount we need to keep in salary account? And all the amount in our salary account is taxable? Accenture Tata Consultancy Infosys Cognizant Wipro Amazon Amdocs Yahoo Capgemini Citi
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Filing ITR is a legal obligation for individuals whose income exceeds the basic exemption limit which is Rs.2.5 lacs. You might get notice from Income tax department asking reason for not filing of income tax return when income was above basic exemption limit..