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My wife earns Rs 10,000 per month from part-time coaching classes at an institute. Is she required to declare her income and file tax return?

April 26, 2017classes coaching earns Institute month part-time Rs tax return wife

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My wife earns Rs 10,000 per month from part-time coaching classes at an institute. Is she required to declare her income and file tax return?

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For FY 2007-08, the basic exemption limit for not filing return for females is Rs 145,000 per annum. Your wife is earning Rs 120,000 per annum, which is below the taxable limit. Therefore, it is not mandatory for her to file her income tax return at this stage. The exemption limit has been increased to Rs 180,000 per year from FY 2008-09. Filing of return will be required once her income crosses this limit. Also, she will need a PAN card to file returns then.