Income Tax Handbook: Income Tax And You

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	Income Tax Handbook for Salaried Employees

	Section I: Income Tax and You Who should file income tax return Many incomes are taxable even if you are working outside India Income deemed to accrue or arise in India Due date of filing income tax return Forms to be used for filing return E-file income tax return for faster refund Obtain your Form 16 early for early filing and faster refund Income from fixed deposits, savings accounts, NSC is fully taxable You can Revise your Return All about PAN number You must report high value financial transactions in your return Receive any amount from relatives without tax liability Amount above Rs. 50,000 received from non-relatives is taxable Do not keep unexplained assets Income tax refund Pension is taxable, but there are other tax-free avenues