Who Should File ITR In 2025? Important Dates, Documents, And Zero Tax Guide
Updated: 22-05-2025 at 12:33 PM
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Not only is paying your Income Tax Return required, but it also helps with organising your finances. Although your income might not be taxed, still filing your ITR confirms your compliance and makes other financial tasks easier. This guide explains the ITR filing process in detail to help you with the essentials and to stay away from common errors.
Who Must File An ITR?
The first thing to do when filing taxes is to check if you need to file an ITR.
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People Below 60 Years: If your income goes above ₹3 lakh.
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If you are a Senior Citizen (60–79 years) and have a total income over 3 lakh.
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Upward of 80 Years Old (Super Senior Citizens): If your total income is over the limit of ₹5 lakh.
Others Required to File:
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People who hold money or assets outside their own country.
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Those authorised to sign on the accounts of foreign companies.
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Those who are qualified for tax refunds.
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Those seeking loans or visas should answer these questions.
Even if your earnings are not taxed, filing an ITR can still help you with several financial matters and keeping records.
Also Read: Understanding The New Income Tax Bill 2025
Key ITR Filing Deadlines
You must file your ITR by the due date to stay out of trouble and have your return processed more effectively.
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From July 31, 2025, individuals without audit duties (salaried employees and freelancers) will follow the new rules.
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On October 31, 2025, organisations subject to audits will need to complete their reporting.
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November 30, 2025, marks the day for organisations engaging in international or listed domestic transactions.
Not meeting the deadline can result in fines that vary from ₹1,000 to ₹5,000, depending on your income.
Essential Documents For ITR Filing
When you gather the needed documents ahead of time, filing your ITR is simpler.
Personal Information:
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Details required for a bank account
Income Proof:
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Those who receive salaries are issued Form 16.
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Salary slips
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Interest certificates from both banks and post offices
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Information about rental income
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Statements for capital gains
Investment and Deduction Proofs:
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Special investments covered under Section 80C are PPF, NSC and ELSS.
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The 80D of the ITR (medical insurance premiums)
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Section 80E is meant for deducting interest on an education loan.
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Section 80G is about charitable donations.
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Home loan interest certificates
Others:
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For this year, you can get your tax credit statement on Form 26AS.
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Annual Information Statement
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Correct and current documents are necessary for a simple and smooth paperwork process.
Also Read: New Income Tax Bill 2025 Vs. Old Income Tax Act 1961
Understanding The 'Zero Tax' Concept
When people with an income qualify for numerous rebates and exemptions, they pay zero tax.
With the introduction of the New Tax Regime:
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Any person earning less than ₹7 lakhs can get a full tax rebate and pay no taxes under Section 87A.
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Starting Financial Year 2025–26, the maximum rebate is ₹12 lakh, helping a lot of taxpayers.
It’s necessary to file your ITR even when you don’t need to pay tax to enjoy the rebate and comply with the rules.
What Are The Benefits Of Timely ITR Filing?
In addition to avoiding fines, filing your ITR in time helps you in many ways.
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Early tax filing lets you wait less for refunds.
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When applying for a loan or a visa, ITR is normally needed to confirm your income.
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Adhering to deadlines stops you from facing late filing penalties and extra interest charges.
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Retains a financial history that supports many different transactions.
Doing your ITR filing in time shows good financial management and helps smooth your overall finances.
Conclusion
Before filing your ITR, check what you are supposed to pay, get the necessary paperwork ready and observe the deadline. Even having no tax liability does not exempt you from having to file your ITR. You will experience an easier tax procedure and support your financial health by maintaining relevant information.
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