Mandatory ITR Filing Requirement Cases for AY 2025–26

Page Contents

Toggle

Mandatory ITR Filing Requirement Cases for the AY 2025–26:

Filing your Income Tax Return (ITR) is not only a statutory duty—it ensures transparency in your finances, helps you claim refunds, and keeps you compliant with Indian tax laws.

Summary of the ITR Filing Requirement for AY 2025–26 (FY 2024–25) :

Who Needs to File ITR?

Category	When Filing is Mandatory
Individuals (< 60 years)	Income > ₹2.5 lakh
Senior Citizens (60–80 years)	Income > ₹3 lakh
Super Senior Citizens (80+)	Income > ₹5 lakh
Businesses/Firms	Always, regardless of income

Taxpayer must also file ITR even if their income is below the exemption limit if the taxpayer owns foreign assets or earns foreign income, the taxpayer wishes to claim a refund, the taxpayer deposited ₹1 crore+ in a bank account, or the taxpayer’s electricity bill exceeds ₹1 lakh in a year.

An individual must file their income tax return if any of the following conditions are met:

Income exceeds the basic exemption limit (Refer to table below for specific limits by age and regime)
Cash deposits exceed ₹1 crore in a current account during the financial year.
Cash deposits exceed ₹50 lakh in a savings account during the year.
Spent more than ₹2 lakh on foreign travel during the year.
Paid electricity bill exceeding ₹1 lakh in a year.
Business turnover exceeds ₹60 lakh during the year.
Professional receipts exceed ₹10 lakh in a year.
TDS or TCS exceeds ₹25,000 during the year.(₹50,000 for senior citizens aged 60 or above)
Invested in US stocks (or any other foreign stock) — Indian resident with foreign investments.
Held foreign assets during the financial year.

Recommended (But Not Mandatory):

Filing ITR is recommended if Taxpayers want to carry forward a loss under any head (e.g., capital loss). Taxpayer are eligible for a TDS refund. Taxpayer AIS (Annual Information Statement) shows high-value transactions that require clarification or reporting.

Special Case – Senior Citizens (Age 75+)

Exemption from ITR filing is available if The person is a resident senior citizen aged 75 years or more, and Has only pension income and interest from the same bank, and Has submitted Form 12BBA to the bank.

ITR Forms for AY 2025–26

Form	Applicable To
ITR-1 (Sahaj)	Salaried individuals with income ≤ ₹50 lakh (no business income)
ITR-2	Individuals & HUFs with capital gains/multiple properties
ITR-3	Individuals with business/professional income
ITR-4	Presumptive income under Sections 44AD, 44ADA, 44AE
ITR-5	Firms, LLPs, AOPs, BOIs
ITR-6	Companies (other than those claiming exemption under Sec 11)
ITR-7	Trusts, political parties, charitable institutions

Basic Exemption Limits (AY 2025–26)

Regime	Age Group	Exemption Limit
Old Regime	Below 60	₹2,50,000
	60–79	₹3,00,000
	80 and above	₹5,00,000
New Regime	All ages	₹3,00,000

Important Due Dates (AY 2025–26)

Category	Due Date
Individuals / HUFs (Non-Audit)	31st July 2025
Taxpayers requiring Audit	31st October 2025
Transfer Pricing (Form 3CEB) cases	30th November 2025

Filing before due date allows you to revise the return later, if needed.

Tax Audit Applicability—Section 44AB

Criteria	Audit Required?
Business turnover > ₹1 crore (with cash transactions)	Yes
Business turnover > ₹10 crore (no cash transactions)	Yes
Professional income > ₹50 lakh	Yes

Do’s & Don’ts while ITR Filing

Do’s	Don’ts
Keep Form 16, AIS, TIS, investment proofs	Don’t choose wrong ITR form
Verify ITR within 30 days	Don’t ignore IT Dept. communications.
Pre-validate your bank account	Don’t mismatch income & TDS
Ensure accurate PAN–Aadhaar linking	Don’t wait till the last day to file

Tags: Mandatory ITR Filing

3 months ago

Rajput Jain & Associates

Rajput Jain & Associates is a Chartered Accountants firm, with it's headquarter situated at New Delhi (the capital of India). The firm has been set up by a group of young, enthusiastic, highly skilled and motivated professionals who have taken experience from top consulting firms and are extensively experienced in their chosen fields has providing a wide array of Accounting, Auditing, Taxation, Assurance and Business advisory services to various clients and their stakeholders. Rajput jain & Associates, a professional firm, offers its clients a full range of services, To serve better and to bring bucket of services under one roof, the firm has merged with it various Chartered Accountancy firms pioneer in diversified fields. We have associates all over India in big cities. All our offices are well equipped with latest technological support with updated reference materials. We have a large team of professionals other than our Core Team members to meet the requirements of our prospective clients including the existing ones. However, considering our commitment towards high quality services to our clients, our team keeps on growing with more and more associates having strong professional background with good exposure in the related areas of responsibility.

Next NRI Tax Roadmap on returning to India after years abroad »

Previous « Tax Exemption & Deduction for Army Personnel AY 2025–26.

What are Remedies if Bank A/c Frozen in GST for Over 1 Year?

What happen If Taxpayers in case Bank A/c Frozen in GST for Over 1 Year. Under Section 83(2) of the… Read More

5 days ago

GST Return

Taxability Under GST for E-Commerce Sale of Services

Taxability Under GST for E-Commerce Sale of Services Definition & Models of E-Commerce Electronic Commerce (Section 2(44)): Supply of goods/services… Read More

6 days ago