Who all need to file Income Tax Return (ITR) for FY 24-25
06 May 2025CA Pratibha Goyal
Who all need to file Income Tax Return (ITR) for FY 24-25
As the due date for filing Income Tax Return (ITR) is coming, let’s discuss who all are compulsory required to file an ITR in the Financial Year 2024-25.
Every person being a company or a firm has to compulsorily file the income tax return.
However, an individual has to file ITR if his total income during the previous year exceeded the maximum amount that is not chargeable to income tax.
Slab Rate FY 2024-25 | AY 2025-26
New Slabs New Tax Regime
0-3L Nil
3-7L 5%
7-10L 10%
10-12L 15%
12-15L 20%
Above 15L 30%
Old Tax Regime
| Net income range | Resident Super Senior Citizen | Resident Senior Citizen | Any other Individual |
| Up to Rs. 2,50,000 | Nil | Nil | Nil |
| Rs. 2,50,001- Rs. 3,00,000 | Nil | Nil | 5% |
| Rs. 3,00,001- Rs. 5,00,000 | Nil | 5% | 5% |
| Rs. 5,00,001- Rs. 10,00,000 | 20% | 20% | 20% |
| Above Rs. 10,00,000 | 30% | 30% | 30% |