NO INCOME TAX FILING REQUIRED FOR SALARY UPTO 5 LACS

As per the notification no. 9/2012, filing of Income Tax Return is not required if the total income of a person consists only of salary income up to Rs. 5 lacs and interest on savings bank account upto Rs. 10,000/-

Some other conditions as given below should also be fulfilled for the above benefit;

1. The person has provided his PAN No. and interest income to his employer and the employer has deducted TDS and deposited the same to the government,

2. Form 16 has been received from the employer with details like PAN, income, TDS deducted and deposited etc.,

3. The person has received salary from only one employer for the year and no claim of refund is due.

 Note:

1. The above write up is only for awareness purpose and should not be considered as expert opinion.

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