No Need to File ITR in These Cases – AY 2025-26

You don’t need to file Income Tax Return (ITR) for FY 2024–25 if: ✅ Income Below Exemption Limit Category New Regime Old Regime Below 60 years ₹3,00,000 ₹2,50,000 Senior Citizens (60–80 yrs) ₹3,00,000 ₹3,00,000 Super Senior Citizens (80+) ₹3,00,000 ₹5,00,000 ✅ Only These Incomes Within Limit Savings/FD Interest or Pension (with no TDS) Agricultural income below ₹5,000 Dividends & Interest below limit Housewives/Students with no taxable income NRIs earning less than ₹2.5 lakh in India ✅ Senior Citizens (75+) Exempt under Section 194P If: Only pension & interest from same bank Bank deducts tax after declaration 📌 E.g.: Mr. Sharma (77), SBI pension ₹4.8L + interest ₹1L – No ITR if bank deducts tax. ⚠️ ITR is Mandatory If: Director in a company / Partner in LLP Deposits over ₹1 Cr in bank Spent over ₹2L on foreign travel Electricity bill over ₹1L TDS deducted ≥ ₹25,000 (₹50,000 for senior citizens) Business turnover > ₹60L / Professional receipts > ₹10L Claiming refund 💡 Even if not mandatory, ITR filing helps with: ✔ Loan & visa processing ✔ TDS refund ✔ Income proof