Chartered Accountant
3847 Points
Posted on 11 August 2012
Dear Mr. S.S. Aravindhan !
If a ‘salaried class’ assessee fulfills the following conditions, he need not file the return of income !
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Individual status
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Total income does not exceed Rs.5 lakh
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Income consists of
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Salary
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Interest not exceeding Rs.10,000/- from SB A/c in a bank
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Has reported PAN to his employer
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The employer has deducted the tax
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Has received Form 16 from his employer
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Has no refund/tax liability
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Has received salary from only one employer