Nil return
This query is : Resolved
Querist : Anonymous
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
plz.advice me with details
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".
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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