The Central Board of Direct Taxes (CBDT), has informed that individuals with a total salary income of Rs. 5 lakh in the financial year 2011-12 need not file tax returns for the assessment year 2012-13. However he will have to obtain a certificate of tax deduction in Form No. 16. This relaxation is continuing since last financial year ( 2010-11).
No need to file tax returns for salaries up to Rs. 5 lakh
21 Tuesday Feb 2012
Posted in General