Exemption Under Section 139(1) to Specified Person from the requirement of furnishing a return of income. - No need to file return where salary is not exceeding Rs. 5 Lakhs or Saving Bank Interest is not exceeding Rs. 10K, subject to certain conditions

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..... 39(E):- In exercise of the powers conferred by sub-section (1C) of section 139 of the Income-tax Act, 1961 (43 of 1961) , the Central Government hereby exempts the following class of persons, subject to the conditions specified hereinafter, from the requirement of furnishing a return of income under sub-section (1) of section 139 for the assessment year 2011-12, namely : Class of Persons .....

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..... ntral Government; ( iv ) has discharged his total tax liability for the assessment year through tax deduction at source and its deposit by the employer to the Central Government; ( v ) has no claim of refund of taxes due to him for the income of the assessment year; and ( vi ) has received salary from only one employer for the assessment year. 3. The exemption from the requirement of .....

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