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Regarding Return of Income

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 July 2011 Who are the categories of Persons not required to file return of Income?

Please mention the slab of income.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
16 July 2011 1. An Individual whose total income for the relevant assessment year does not exceed five lakh rupees and consists of only income chargeable to income-tax under the following head,—
(A) “Salaries”;
(B) “Income from other sources”, by way of interest from a savings account in a bank, not exceeding ten thousand rupees.

NOTIFICATION NO. 36/2011 [F. NO. 142/09/2011 (TPL)]
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