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No filing of I-T returns if salary is less than Rs. 5 lakh/year 22 February 2012
"An individual whose total income for the relevant assessment year does not exceed Rs 5 lakh and consists of only income chargeable to income-tax under...salaries...(and) income from other sources, by way of interest from a saving account in a bank,...
Keywords: assessment year 2012-13, No filing of IT returns, Direct Taxes Code, income tax returns
Read MoreIncome Tax limit to be pushed 14 June 2014
Here is a good news for all the salaried class people, Narendra Modi government is likely to push the Income Tax exemption limit from Rs 2 to Rs 3 lakh which would leave more money in the hands of people....
Keywords: Tax Exemption, Tax Exemption, Income Tax exemption limit, Income Tax limit to be pushed
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