Salaried persons earning upto Rs 5 lakh annually will have to file income tax returs, Central Board of Direct Taxes (CBDT) said on Monday.
The Central Board of Direct Taxes (CBDT) had exempted salaried employees having total income of upto Rs 5 lakh including income from other sources upto Rs 10,000 from the requirement of filing income tax return for assessment year 2011-12 and 2012-13, respectively.
Also read: Having trouble in filing returns? Here's a checklist
"Taxpayers are encouraged to file their returns electronically. E-filing is an easy, fast and secure method of filing of income tax return. Moreover, digital signature is not mandatory for these taxpayers...," the Ministry added.
For filing returns, an assessee can transmit the data in the return electronically by downloading ITRs, or by online filing.
READ MORE ON taxes, cbdt, central board of direct taxes, tax from other sources, assessment year, exemption, income tax returns, july 31, paper filing
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