Do you need to file your income tax returns (ITR)?

"Oh, I just love the tax season!" said no one ever. But you can't have what you want. And paying your tax is one of them. That said, it is a civil duty for all responsible citizens who want to build a strong, healthy nation. Now that we have appeased all sections of our readers, let's understand who all need to file their tax returns (ITR) by July 31 this year: Old tax regime If you are... If total gross income exceeds... Below 60 Rs 2.5 lakh per year 60-80 age Rs 3 lakh per year Above 80 Rs 5 lakh per year New tax regime If you are... If total gross income exceeds... All ages Rs 3 lakh

This article was originally published on July 06, 2023, and last updated on July 30, 2024.