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Salaried Employees Exempted from Filing of Returns For Asstt. Year 2012-13

Exemption of salaried employees from requirement of filing of returns for assessment Year 2012-13
Press Release [No. 402/92/2006-MC (15 of 2012)], dated 20-7-2012

CBDT vide its notification No. 9/2012 dated 17th February, 2012 has exempted salaried employees from the requirement of filing the returns for A.Y. 2012-13. The exemption is applicable only if all the following conditions are fulfilled: -
  • Employee has earned only salary  income and income from savings bank account and the annual interest earned from savings bank account is less than Rs. 10 thousand.
  • The total Income of the employee does not exceed Rs. 5 Lakh (Total Income means Gross Total Income Less deductions  under Chapter VIA).
  • The Employee has reported his PAN to the employer.
  • Employee has reported his income from interest on savings bank account to employer.
  • Employee has received Form 16 from his employer.
  • Total Tax Liability of employee has been paid off by employer by way of TDS and employer has deposited TDS with central government.
  • Employee has no refund claim.
  • Employee has received salary  only from one employer.
  • Employee has not received any Notice from Income Tax Department for filing of Income Tax return.