Queries on 5L notification

when all data is provided and appropriate tax is deducted by employer, then only the assessee is exempted to file the return, in case of any additional income on which tax is to be paid, assessee has to file ITR

The new press release clearly says that if salary is received from more than one employer during the year then return has to be filed.

Similarly if you have not disclosed your SB interest to your employer and the employer has not considered thr SB interest while calculating your tax liability then return must be filed by the employee.

Agreed With sir Krishna kumar ji

notification clearly says that given itr exemption will not be applicable if

1. service with two or more employer in the same assessment year

2. in case if income from interest from saving a/c has not reported to his employer

then return must be filed. no exemption

thanks

Thanks for experts comments 

need to file return

yes you are required to file return...

If your only is only from SALARY and below 5 lacs only then you have to file it....

In your case there is income from OTHER SOURCE ...

therefore manadatory to file return...

thanks to all

When Assessee is not required to file IT return u/s 139(1) for A.Y. 11-12 ?
·          Individual status
·          Total income does not exceed Rs.5 lakh
·          Income consists of
                o     Salary
                o     Interest not exceeding Rs.10,000/- from SB A/c in a bank
·          Has reported PAN to his employer  
·          The employer has deducted the tax  
·          Has received Form 16 from his employer
·          Has no refund/tax liability
·          Has received salary from only one employer

Regards

K.Ilayaraja