Salaried Employees - filing of return

2350 views 5 replies

Can any of you tell me the details of the notification by which The CBDT has exempted the salaried employees from filing of income tax return, please…

Replies (5)

Notification is yet to come. It is expected to come in the mid of June.

You can refer foll link.

'No return' scheme for salaried class earning up to Rs. 5 lakh to be notified by June

 

The Chairman of Central Board of Direct Taxes ( CBDT), Sudhir Chandra, said the scheme to exempt salaried people earning up to Rs. 5 lakh annually from filing income tax returns will be notified in the first week of June.

The scheme was announced in the Union Budget 2011-12 by Finance Minister Pranab Mukherjee.

"A category of small-salaried tax payers whose net salaried income is not above Rs. 5 lakh and whose tax is deducted at source by the employer who files return, will be exempted from filing returns," Chandra told reporters here.

"The scheme for this category will be notified in the first week of June," he said. "But if the taxpayer is claiming a refund from the I-T department, then he will have to file the return."

The scheme will provide relief to about 70 to 80 lakh people from filing I-T returns.

 

"We are also trying to exempt small bank-interest income, the tax on which has been deducted at source, under this scheme," he said.

 

"A new facility has been introduced on filing of electronic returns. At the click of the mouse, a portal will open...on which you can view every month how much money your employer has deducted, and whether it has been deposited in the government kitty," Chandra said.

 

Source : https://articles.economictimes.indiatimes.com/2011-04-23/news/29466524_1_filing-income-tax-returns-small-salaried-scheme

 

I thank Ms. Yagini.

individuals with income- salary and other sources less than 5lacs and not claiming refund of tax are not required to file return from a.y11-12

I, Sridharan R., thank Amit Jain.

thanx for info

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
11 July 2026
CA semi qualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
14 July 2026
Senior Executive/ Manager

H S SHARMA AND CO

Pune

CA Final

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

Sahil Agarwal & Company

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
22 July 2026
Senior Chartered Accountant

SKSS

Patna

CA

View Details
Company
20 July 2026
Senior GST Executive

Chandak Agarwal & Co

Mumbai

Graduate (Any)

View Details
Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details