Salaried person up to 5 lakhs per annum not necessary to file Income tax

Posted Date: 06-Jun-2011	Category: General	Rating:
Author: Hafeezur Rahman P	Member Level: Gold	Points: 7

This piece of info is about Income tax new rules that has to be implemented in 2011-12 assessment year for salaried person whose salary up to five lakhs per annum and it doesn't included sources like capital gains or house property etc. salaried person can claim tax refund have to file accordingly. Goan salaried professional can enjoy these benefits

Income tax new rules for 2011-12 assessment year

A Central Board of Direct Taxes official announced that No income-tax returns is required for salaried person whose annual taxable income including salary and interest is up to Rupees five lakhs. It is a good news for Goan salaried person who can enjoy these benefits from IT department.

New IT scheme for salaried professional

As per source, new tax rules has to be implemented in 2011-12 assessment year for salaried person whose salary up to five lakhs per annum and it shall not be included sources like capital gains or house property etc. salaried person can claim tax refund have to file accordingly - Goa citizen has the same benefit during 2011-12 assessment year.

Salaried individual in Goa who needs exemption from IT return filing has to disclose on the incomes such as interest and dividend to his / her employer for tax deduction.

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