Central Board of Direct Taxes had issued a notification no. 9/2012, dated 17/2/2012 for salaried employees with regard to exemption from filing of Income Tax return if the total income of an employee is below Rs. 5,00,000 fulfilling certain conditions. This income should consists only of salary and saving bank interest up to Rs. 10,000. As this exemption from the requirement of furnishing a return of income under sub-section (1) of section 139 was year specific i.e. for the assessment year 2012-13, hence this notification is no more applicable to the succeeding years. Now all the salaried employees having income less than Rs. 5,00,000 will have to file its return of income for the Assessment year 2013-14.
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