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srilakshmi_chintu | Is it necessary to pay tax if we get pan card? |
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sandevyl
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PAN Card is mandatory for Filling of Tax Return Form.
You need to pay tax only if you have Taxable income. |
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N.J.Reddy
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Simple question for you: You have a PAN card. If your income is below taxable then how can you pay income tax on your below taxable income ??
Even though you are allotted a PAN, you need not file any tax returns if your income is below taxable. But if you have already filed your returns last year or you expect your income to up and will be taxable next year then you can file a return with below taxable return (Nil return).
If you feel that your income is not at all taxable and even next year your income will be below taxable, then you need not file any returns. It is not compulsory to file returns for the reason you were allotted a PAN. But it is a good practice to file your returns even if you do not have taxable income. |
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mahendra
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hiiiii... the tax should be paid wnen ur income excdeed around 1.2 L p.a. But if u have a pan card, u can recover tax which is paid up to some %, by showing investment in some other field like lone, LIC, etc |
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Amit ®™
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Having a PAN card doesn't make it mandatory to file IT return, leave alone paying tax. Filing a return is mandatory only if your income exceeds the threshold limit, which for the current year is Rs.110,000 for male, Rs.135000 for female and Rs.195,000 for senior citizens. But filing return even if your income is below the threshold limit is beneficial as it would build up your capital which you'll be able to invest, in securities, or wherever you want. |
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friend
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if your income is not taxable, no need to pay tax. pan card is required for many purpose as you cant buy mutual fund or invest in stock market if u dont have pan no. |
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Saidaji
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NO YOU DON'T NEED PAY TAX for HAVEING pan card but it better to file returs it will help in other matters like investing in stocks M Fs |
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GargVK
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If you have pan card it is not necessary to pay tax.If your income by filling the return exceeds required taxable income you are required to pay tax. |
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goldendays
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NO,IF YOUR INCOME FALLS IN INCOMETAX RANGE THEN IT NEED TO PAY. |
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ballu
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it is not necessary to pay tax if you have pan card, if your income goes above the (described by the income tax dept.) then you have to pay tax. pan card will be very use full for you in the future as if you want to invest in securities and mutual fund and other investment plans. just few month before sebi has made compulsory pan card for mutual fund investment.
I hope it will clear your confusion for tax. |
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