Salaried employees with a gross annual income less than 5 lakhs are exempted from filing tax returns



The Central Board of taxes announced that salaried employees with a gross annual income less than 5 lakhs are exempted from filing tax returns for the assessment year 2012-2013 provided they do not have any other income. So as if your annual interest component on your savings deposit is less than 10,000 a year.
Salaried employees with a gross annual income less than 5 lakhs are exempted from filing tax returns.

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