No Income Tax Return for income below 5 Lakh from FY 2010-11

The benefit of non filing of return will be available only to the tax payers whose whole income has been come under TDS (Tax Deducted at Source) and the whole tax should be deducted at source for the year.

So this is applicable only for salaried tax payers, whose tax will be deducted at source. But if this salaried tax payer has any other income including bank interest, he or she should declare it to the employer and allowed him to deduct the tax accordingly. Then only, the taxpayer gets the benefit of non filing of income tax return. The Form No. 16 (TDS Certificate) will be considered as Income Tax return in such cases.