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Nil return

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 May 2013 if in form 16 no any employee libel to pay tax then filing of tds return require or not.

plz.advice me with details
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Ganeshbabu K

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Ganeshbabu K (Expert)
29 May 2013 Salaried employees earning up to Rs 5 lakh a year need not file income tax returns .

The exemption from filing I-T returns is applicable only if "the total income of the employee does not exceed Rs 5 lakh ... (and) the annual interest earned from savings bank account is less than Rs 10,000".
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