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Any salaried employee whose total income does not exceed Rs.5,00,000 and which consist of salary income and interest from savings bank account up to Rs.10,000, is exempted from filing his return of income for A.Y. 2012-13 provided:
He has given his PAN to his employer
He informs employer of his Bank interest income and tax has been appropriately deducted from such interest by the employer and paid. Has received his Form 16 wherein total income, total TDS deducted and paid are mentioned
He has no refund claim for the said year and all his tax liability is duly discharged by way of TDS
He receives his salary income from only one employer
He is not required to furnish his return of income under any other provisions of the Act.
