23 July 2013
For Assessment year 2013-2014 there is notification that those earning salary upto 5 lakhs have to file income tax returns.
I have employees who are paid far below taxble income of Rs.16,500 per month (2 lakhs per annum) and they dont have any tax to pay as they do not cross this figure before any deductions. Are such employees also required to file returns starting this year onwards.
CAclubindia
