No Income Tax Return - if income is below INR500K( subject to some condition)

Salaried employees earning up to Rs 5 lakh a year will not be required to file income tax returns from this year, as per Finance Ministry notification. This will give a big relief to about 85 lakh salaried persons in the country whose yearly income, including earnings from other sources like bank deposits, does not exceed Rs 5 lakh. As per the notification An individual whose total income for the relevant assessment year does not exceed Rs 5 lakh and consists of only income chargeable to income tax under...Salaries...[and] income from other sources, by way of interest from a saving account in a bank, not exceeding Rs 10,000 have been exempted from filing the returns from assessment year 2012-13," . One more condition for not filing Tax return by these categories of salaried class people is that they must have received a certificate of tax deduction in Form 16 from his or her employer. But for claiming refund returns need to be filed.