Happy news for salary earners

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If you are salaried employee and total income including interest does not exceed Rs. five lakh, you need not file I.T. Return. for more details read:

http://in.finance.yahoo.com/news/No-tax-return-salary-interest-pti-4140449186.html

12 Replies

This is really a very happy news for employees.Thank you for sharing.
Really a wonderful information that salaried person whose income doesn't exceed Rs five lakh doesn't need to file an IT return and this will serve the purpose of many...
Very nice to see this news and thanks Gulshan for sharing the link with us.
Thank you Gulshanji.I read some where about this and was in mind to ask to you.Now it cleared.
yeah it is really interesting and happy to know it.
It is opined that the facility of not filing return is accompanied by such stiff conditions that there is hardly anyone who may actually avail the facility. Most slaried income tax payers have income from investments and so they have to file return.

http://timesofindia.indiatimes.com/business/india-business/Exemption-from-filing-No-one-can-avail-of-it/articleshow/9180069.cms
Thank you gulshan jee for posting a good news this makes us so happy.
this is really a good news for people who earn mpnthly.
It is a great initiative by IT department as it becomes a headache to file ITR even if you have form 16 stating one's TDS as applicable.
Really this is a good news.This was a headache for middle class employers

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Created Tuesday, 07 June 2011 20:10
Last Updated Tuesday, 30 November -0001 00:00
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