Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: form 3cd :: due date for vat payment :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: ACCOUNTING STANDARD :: VAT RATES :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: list of goods taxed at 4% :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS
 
 
« Latest Circulars »
 Investment by Foreign Portfolio Investors in Corporate Debt Securities – Review
 RBI-Issuance of Rupee Denominated Bonds (RDBs) Overseas
 Inclusion of “Suryoday Small Finance Bank Limited” in the Second Schedule to the Reserve Bank of India Act, 1934
  Trade Repository for OTC Foreign Exchange and Interest Rate Derivatives
 RBI to regulate peer-to-peer lending firms
  Export Data Processing and Monitoring System (EDPMS) Issuance of Electronic Bank Realisation Certificate (eBRC)
 Export Data Processing and Monitoring System (EDPMS) Issuance of Electronic Bank Realisation Certificate (eBRC)
 Auction for Sale (Re-issue) of Government Stock (GS)
 RBI-Auction of Government of India Dated Securities September 18, 2017
 RBI releases Handbook of Statistics on the Indian Economy 2016-17
 Sources of Variation in Foreign Exchange Reserves in India during April-June 2017

Exemption of salaried employees from the requirement of filing the returns for assessment
July, 21st 2012
                                                                               "15"
                                                                          pib.nic.in
                         PRESS INFORMATION BUREAU
                           GOVERNMENT OF INDIA
                                    *****


EXEMPTION OF SALARIED EMPLOYEES FROM REQUIREMENT OF FILING OF
             RETURNS FOR ASSESSMENT YEAR 2012-13

                                                     New Delhi: Ashadha 29, 1934
                                                                   July 20, 2012


        Central Board of Direct Taxes (CBDT) vide its Notification No. 9/2012 dated
17th February, 2012 has exempted salaried employees from the requirement of
filing the returns for assessment year 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.

                                      ********

DSM/SS/GN



 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Experience

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions