Who should file ITR & is income tax return filing mandatory for salaried taxpayers? | TheBriefWire
Who should file ITR & is income tax return filing mandatory for salaried taxpayers?
Published 2 July 2026 ยท india
The important thing to understand is that ITR filing is a statutory requirement and an important financial record-keeping. For the financial year 2025-26, the basic
The important thing to understand is that ITR filing is a statutory requirement and an important financial record-keeping. For the financial year 2025-26, the basic exemption limit for individuals below 60 years of age is Rs 2.5 lakh under the old income tax regime and Rs 4 lakh under the new income tax regime.
Published: July 2, 2026 โข 1:48 PM IST ยท Updated: July 2, 2026 โข 2:32 PM ISTBy TheBriefWire Editorial Team
Key points
The important thing to understand is that ITR filing is a statutory requirement and an important financial record-keeping.
For the financial year 2025-26, the basic exemption limit for individuals below 60 years of age is Rs 2.5 lakh under the old income tax regime and Rs 4 lakh under the new income tax regime.