Income Tax Filing for Salaried Individuals
From the assessment year 2011-12 onwards, salaried persons earning up to Rs 5 lakh per annum would not have to file IT returns. The Form 16 issued to salaried employees will be treated as the Income Tax Return. The idea behind the move is that in cases where there are no other sources of income, filing a return is a duplication of existing information. Therefore, if the salary is taxable and there is any TDS, the employer should issue Form 16.
Regards,
Kamal