No need to File Salary Return

for financial year starting 01-04-2011, but u have to wait some more time, board will issue some more clarifications and guidelines in this regard, 

budget is just summery of rules made, machinery will issue instructions in due course keeping in view the interest of revenue. 

AGREE WITH U S SHARMA

agreed with u s sharma

yes u r not required to file rturn if there is only salary income...agree with sharma and sachin

Salary earners having an income of less than Rs 5 lakh will not have to file tax returns from this year. “Salaried people, may be up to Rs 5 lakh…they need not file the (income tax) return. The exemption from filing tax returns come into effect from the assessment year 2011-12. The decision, which will come into effect from June 1, 2011, will reduce the compliance burden on small taxpayers.

In case such a salary earner has income from other sources like dividend, interest etc. and does not want to file returns, he will have to disclose such income to his employer for tax deduction.

What if the salary earners are having income form shares then is he required to file return.

This is with effect from 1st Apr 2011 that salary earners are not required to file returns.

Yes It.s not required to filed return if a person only earn income from salary and emloyer deduct the his/her tax from source (TDS) for assessment year  2012-13

Can anybody tellme the section of this

The section of the same will clear from Income Tax department after some times, as i know it is under process for pass the Section.

If we are having salary income den v r not required to file return.but if v have4 income from shares or else interest income den r v supposed 2 file return.plz clarify it guys.

Is it required to file return if we are having salary income and also income from shares or interest.please clarify it.
 

Originally posted by : Hiral Soni
	Is it required to file return if we are having salary income and also income from shares or interest.please clarify it.

if all other income is declared in form 12B, then no need to file return again, but if not then you have to file

Originally posted by : zakir
	Please clearify No need to file Salaried Income Tax Return is effective form which financial year. If an employee has earned salary of less the 5lacs in the Financial Year 2010-11 or F.Y. 2011-12? Thank you

assessment year2011-12

Originally posted by : Anjani Kumar
	Can anybody tellme the section of this

 The exemption from filing of return to salaried employees is from 1st June 2011. and the relevant section is 139 (1c).