Minimum Income For Filing Taxes 2025. Generally, you need to file if: An individual has to choose between new and old tax regime to calculate their income tax liability, subject to certain conditions.
There are five filing statuses: This tax return and refund estimator is for tax year 2025 and currently based on 2024/2025 tax year tax tables.
Your Gross Income Is Over The Filing Requirement.
Finance minister nirmala sitharaman may include cuts in direct taxes like income tax and also indirect taxes to boost consumption in the economy.
There Are Five Filing Statuses:
This is for both the old and new income tax regime.
Minimum Income For Filing Taxes 2025 Images References :
In India, Income Tax Is Calculated Using Income Tax Slabs And Rates For The Applicable Financial Year (Fy) And Assessment Year (Ay).
Check here for the latest income tax slabs & details of different income tax regimes for tax slabs in india.