Exemption for ITR-FAQ released by Income Tax Deparment

Notification No. 36/2011 F. NO. 142/09/2011 (TPL), Dated 23-6-2011 issued by Income tax department exempts Tax payers in the salaried class from filing Income tax return if the tax payer’s salary income and interest received from bank not exceeding Rs.10,000/- both put together did not exceed Rs.5,00,000 during the financial year 2010-11 (Assessment year 2011-12).