Salaried persons earning up to Rs 5 lakh a year will have to file income-tax returns for assessment year 2013-14, unlike in the past two years.

“…This year the facility for online filing of returns has been made user-friendly with the advantage of pre-filled return forms…

“Hence, the exemption provided during the last two years is not being extended for assessment year 2013-14,” a Finance Ministry release said on Monday.

In May, the Central Board of Direct Taxes, in a notification, had made e-filing of return compulsory for 2013-14 for persons having total assessable income over Rs 5 lakh.

It had exempted salaried employees with total income up to Rs 5 lakh, including income from ‘other sources’ up to Rs 10,000, from the requirement of filing return of income for assessment years 2011-12 and 2012-13, respectively.

(This article was published on July 22, 2013)
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