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S. No Category PlatinumSponsor Gold Sponsor Amount INR 5 Lakhs INR 3 Lakhs1.Number of delegates to be nominated free for the Conclave752.Commercials during breaks (40 seconds) (20 seconds)3.Recognition
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INR 5 lakhs refers to an amount of 500,000 Indian Rupees, a common threshold in financial regulations and tax obligations in India.
Individuals whose total income exceeds INR 5 lakhs in a financial year are required to file income tax returns in India.
To fill out tax returns or forms related to income exceeding INR 5 lakhs, one needs to provide details of income sources, deductions, and complete the prescribed forms (typically ITR-1 or ITR-2) and submit them through the official e-filing portal.
The purpose of citing INR 5 lakhs is primarily for determining the income tax filing requirements and ensuring compliance with tax regulations for those whose income surpasses this limit.
On filing tax returns for income exceeding INR 5 lakhs, individuals must report their total income, deductions claimed, taxable income, and any tax paid.
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