Salaried Employees having Annual income less than Rs.5 Lacs exempt from filing of IT Return

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Salaried persons having annual income less than Rs.5 Lacs are exempted from filing of IT return, exceptions to above (Compulsory Return filing)-

-Who have more than 1 job in Current year.

-Who earns more than Rs.10000 as saving deposit interest.

-who hav incom from any other head also.

For this employees will have to get Form16 from employer of Tax Deduction.

By CAhelpers