How much income do you need to have, in order to submit an income tax return in INDIA?

 How much income do you need to have, in order to submit an income tax return in INDIA?

In india, the income threshold for filing a tax return depends on several factors, including your age, income level, and filing status. Here are the general income thresholds for filing a tax return in India for the financial year 2021-2022:

1. For individuals below the age of 60, you must file a tax return if your gross total income before deductions, such as investments, donations, and savings, is equal to or greater than Rs. 2.5 lakhs.

2. For individuals between the ages of 60 and 80, you must file a tax return if your gross total income before deductions is equal to or greater than Rs. 3 lakhs.

3. For individuals above the age of 80, you must file a tax return if your gross total income before deductions is equal to or greater than Rs. 5 lakhs.

It's important to note that these income thresholds can change from year to year and can also vary based on your specific circumstances. Additionally, there may be other circumstances that require you to file a tax return, such as if you have earned income from foreign sources or if you hold assets outside of India. It's always a good idea to consult with a tax professional or refer to the Income Tax Department of India website for the most up-to-date information on income tax filing requirements.