ITR Filing for Income Less Than 2.5L

Ask the Community Income Tax
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1

Hi,

Are there any benefits for individuals for filing return if their income does not exceed Rs 2,50,000?

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2

Hi @Anushree

For someone with less than 2.5 lakhs filing a return will ensure their CTC and take home salary if some loan is being taken from banks, also that’s a process for life.

Apart from that to claim any Refunds / Loans / Visa Processing etc are some places where it might benefit

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