Income Tax Return Exempted for Tax Payers below 5 Lakhs
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The Central Board of Direct Taxes has notified the scheme exempting salaried taxpayers with total income up to Rs. 5 lakh from filing income tax return for assessment year 2011-12, which will be due on July 31, 2011. https://wbxpress.com/exemption-of-filing-income-tax-return/
Sir, is it applicable for the F.Y. 2011-'12 ie A.Y. 2012-'13?
This order is only applicable for
FY 2011-12FY 2010-11. But I think separate order will be issued prior to July, 2012.Sir, This order only applicable for F,.Y. 2011-’12 or 2010-;11? Please post soon. I am awaiting.
Thank you for your correction.
Pension is treated as salary. In addition to pension I have only interest income from Post Office MIS, bank FD, more than one savings bank a/cs etc. TDS on interest is made in appropriate cases. Am I not required to file return, if I deposit remaining payable amount,if any, through challan?
I have,however. submitted return for AY 2011-12.I am the Accounts Head and have more than 250 employees. Pls suggest any package thru which I can generate Form 16 of individuals .
Can i get updated professional tax slab for Maharashtra for the F.Y. 2012-13? if not, can you please tell me what professional tax is applicable for the amount of Rs.12,000/- and Rs. 20000/-?
yes . Notification no.9/2/12 dated 17/02/2012
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