Skip to main content

India-specific information

Do you need to file a Tax Return in India?​

Income Tax Section 139 declares all the circumstances where an individual would be obligated to file an Income Tax Return (ITR) in India.

Most of the clauses apply identically to a Resident and a Non-Resident Indian. A tax filing is mandatory for the following cases.

The individual has at least one of following applicable :

  • Income exceeding INR 2.5L in India during a financial year.

  • Deposited an aggregate of the amounts exceeding one crore rupees in one or more "current accounts" in an Indian bank during a financial year (not to be confused with the more common "savings account" which automatically incur TDS interest).

  • Incurred amount or aggregate of the amounts exceeding two lakh rupees for himself (the legal document uses masculine pronouns :, not me) or any other person for travel to a foreign country during a financial year.

  • Incurred expenditure of an amount or aggregate of the amounts exceeding one lakh rupees towards consumption of electricity during a financial year.