Income Tax Eligibility indicates whether you are needed to file an Income Tax Return in India. Our Online Income Tax Eligibility Checker assists you in determining your ITR Filing Eligibility.
Taxes can be overwhelming for most people especially when deciding whether they should pay income tax or not. Fortunately, our Income Tax Eligibility Checker eases the task. This digital tool assists taxpayers to determine their taxation obligations depending on their income, age, and deductions.
Income Tax Eligibility is the criteria which decides whether an individual or an entity needs to file an Income Tax Return (ITR) in India or not. It varies depending on income level, sources of income, class of the taxpayer and other aspects. For example, individuals, Hindu Undivided Families (HUFs) and other entities are required to file an ITR if their income exceeds the specified threshold.
You can quickly check if you are required to file a return through our Income Tax Eligibility Checker which makes it easier for you by processing your details.
An Income Tax Return (ITR) is a document that Indian taxpayers fill to report their income, deductions and taxes paid for a financial year. Filing an ITR enables the government to calculate your tax liability and also enables you to claim refunds in case you have paid excess taxes.
There are several types of ITR forms. Different ITR forms apply to different income types and taxpayer categories.
Here is a breakdown of common ITR forms:
Anyone whose income exceeds the basic exemption limit must file an Income Tax Return (ITR). The Union Budget 2024 introduced revised tax slabs under the new tax regime for FY 2024-25:
Even if your income falls below the taxable limit, you might still need to file ITR. The condition includes:
Filing an Income Tax Return (ITR) offers several key benefits:
To ensure a smooth ITR filing process, have these documents ready:
These documents help you accurately report income, claim deductions and avoid any filing errors.
Our Income Tax Eligibility Calculator works by analyzing your data and makes your tax filing journey simple. Here is step-by-step guide on how to sue it:
If you need to file an ITR, our experts will help you file your ITR hassle-free. Click on the “File Your ITR” button below!
We provide expert guide also guaranteed maximum refunds on your income tax returns, with additional expenses from you.
File your ITRHere are some common questions we receive from our customers. If you have any additional questions, please don’t hesitate to contact us.
Income Tax Eligibility Calculator is an online calculator that assists you to check whether you are required to pay income tax or not based on your age, income, deductions and exemptions.
Filing Income Tax Return (ITR) is obligatory in India if your income for the financial year is more than the basic exemption limit varying according to your age and income group. Even if you do not have to pay any tax, you are required to file an ITR if your income is above the threshold limit.
Minimum salary to file an ITR in India varies based on your age and the taxation regime. Under the old taxation regime, it is Rs 2.5 lakh for below 60 years, Rs 3 lakh for senior citizens (60-80 years) and Rs 5 lakh for super senior citizens (above 80 years). Under the new taxation regime, it is Rs 3 lakh for all. If your income exceeds these thresholds, it is compulsory to file an ITR.
Not filing your ITR on time can lead to penalties of up to Rs 5000 and in some cases, it could even restrict your ability to claim refunds or carry forward losses to future years. Filing on time ensures compliance with law and keeps your financial record clear.
Individuals are exempt from filing ITR if their total income is less than Rs 2.5 lakh under old tax regime or Rs 3 lakh under new tax regime. Also, senior citizens aged 75 and above, earning only pension and interest income are eligible to opt out of filing their Income Tax Return.
No there is no need to register. You can input your details and get results instantly without creating an account. The best part is our ITR eligibility checker is free to use.
The Income Tax Eligibility Calculator uses simple inputs like annual income, age, and certain financial transactions to quickly figure out if you are eligible to file an ITR.
Our calculator is highly accurate as it uses the latest income tax slabs and rules provided by the government. However make sure you input correct data for the most accurate results.
Yes, the tool uses the latest tax slabs set by the government for the financial year you choose. It evaluates your eligibility under the old tax regime and the new tax regime depending on your preference.