Who is not required to file Income Tax Return by July 31?

Image: Pixabay Image: Pixabay Jul 12, 2023 Rajeev Kumar

July 31 is the due date for income tax return filing. However, not very taxpayer has to file return by this date. Read on for details.

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Salaried persons or other individuals have to file ITR by July 31 if their accounts of income do not require to be audited.

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There are different due dates for taxpayers who do not fall in the previous category. Check below link for full details.

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Senior citizens above 75 years are also exempted from filing ITR. But this is subject to certain conditions. Click below link for details

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ITR filing is not mandatory for individuals having income less than basic exemption limit.

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The basic exemption limit under Old tax Regime for AY 2023-24 is Rs 2.5 lakh.

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The basic exemption limit under New Tax Regime for AY 2023-24 is also Rs 2.5 lakh.

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Who is not required to file Income Tax Return by July 31?

Who is not required to file Income Tax Return by July 31?

July 31 is the due date for income tax return filing. However, not very taxpayer has to file return by this date. Read on for details.

July 31 is the due date for income tax return filing. However, not very taxpayer has to file return by this date. Read on for details.

Salaried persons or other individuals have to file ITR by July 31 if their accounts of income do not require to be audited.

Salaried persons or other individuals have to file ITR by July 31 if their accounts of income do not require to be audited.

There are different due dates for taxpayers who do not fall in the previous category. Check below link for full details.

There are different due dates for taxpayers who do not fall in the previous category. Check below link for full details.

Senior citizens above 75 years are also exempted from filing ITR. But this is subject to certain conditions. Click below link for details

Senior citizens above 75 years are also exempted from filing ITR. But this is subject to certain conditions. Click below link for details

ITR filing is not mandatory for individuals having income less than basic exemption limit.

ITR filing is not mandatory for individuals having income less than basic exemption limit.

The basic exemption limit under Old tax Regime for AY 2023-24 is Rs 2.5 lakh.

The basic exemption limit under Old tax Regime for AY 2023-24 is Rs 2.5 lakh.

The basic exemption limit under New Tax Regime for AY 2023-24 is also Rs 2.5 lakh.

The basic exemption limit under New Tax Regime for AY 2023-24 is also Rs 2.5 lakh.

However, it is recommended to file returns even when income is less than basic exemption limit.

However, it is recommended to file returns even when income is less than basic exemption limit.