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Income Tax Eligibility Calculator

Income tax eligibility refers to the criteria determine whether an individual is liable to file Income Tax Return. In India, individuals, Hindu Undivided Families (HUFs), and other entities are required to file their Income Tax returns subject to certain conditions. Determine your Income Tax eligibility with Tax2win.


Income Details


Other Details

Have you deposit more than 1 crore in any current bank account in FY 2020-21

Have you paid electricity bill of more than 1 lakh in total during FY 2020-21?

Have you spent more than 2 Lakhs on yourself or another individual for the purpose of foreign travel in FY 2020-21 ?

Do you hold any assets, bank accounts, signing authority in any entity located outside India?


Personal Details

ITR Filling is not Mandatory for you

However, we suggest you to file ITR to receive the following benifits;

  • Easy Loan/Credit card approval
  • Quick Visa processing
  • Claim tax refunds
  • Use as income & address proof

Thank You !

What is an ITR?

ITR stands for Income Tax Return. It is a form that taxpayers are required to file with the Income Tax Department of India to report their income, deductions, and taxes paid in a financial year.

An ITR form is a declaration of a taxpayer's income, and it helps the government determine the taxpayer's tax liability. It also allows taxpayers to claim any refunds due to them from the Income Tax Department.

There are several types of ITR forms, and the form to be filed depends on the nature and source of income, the category of the taxpayer, and other factors such as the value of assets and the place of residence. The forms range from ITR-1 to ITR-7, and each form is designed to cater to different types of taxpayers.

  • ITR-1: Another name for this form is Sahaj, and it should be filed solely by a resident individual ( other than not ordinarily residents) taxpayers under a few conditions.
    1. When an individual receives income through a salary or pension.
    2. When an individual has rental income from a single-house property.
    3. When an individual is not earning any income from other countries and has no property in other countries.
    4. When the individual has no income from businesses or capital gains.
    5. If the income obtained through agriculture is up to 5,000 rupees.
    6. If the source of income (except winning from the lottery, income from horse races) for the individual is from multiple sources like investments, fixed deposits, and schemes.
    7. When an individual’s total income does not exceed Rs. 50 lakhs.
    8. If an individual plans to acquire their spouse's or underage child's income as their own after fulfilling some specified criteria.
  • ITR-2: A Hindu Undivided Family (HUF) or an individual taxpayer can use this ITR form. It applies to the following people:
    1. Applicability for ITR-2 is almost the same as it is for ITR-1. Although, there are some differences, such as: when the income received through agriculture is above rupees 5000, when income has income through capital gains, and when the individual obtains income through activities such as lotteries, betting, etc. If the total income of an individual exceeds 50 lakhs from salary source, rental income from one house property, and some type of interest income from different sources, then also they are required to file ITR 2.
  • ITR-3: This form applies to HUF and individuals whose income comes from profits from business or a profession.
  • ITR-4: This form applies to individuals, HUFs, and partnership firms( Other than LLP) when the income is computed presumptively under the following sections
    1. Business earnings as per the provisions of Section 44AD and 44AE.
    2. Professional Income under the special provisions of Section 44ADA.
  • ITR-5: This Form can be used by Limited Liability Partnerships (LLPs), cooperative societies, artificial judiciaries, Body of Individuals (BOIs), Association of Persons (AOPs), Estate of insolvent, Business trusts, investment funds, and local authorities.
  • ITR-6: This form applies to any company except to firms or organizations that claim tax exemption as per Section 11 of the Income Tax Act. Organizations that claimed the tax exemption u/s 11 received income from the property and used it for religious and charitable purposes.
  • ITR-7: ITR-7: It applied when the income obtained concerns a few Sections
    1. Section 139(4A) - People earning through religious funds or charitable trust.
    2. Section 139(4B) - Political parties whose income surpasses non-taxable limits.
    3. Section 139(4C)- Any institution under Section 10(23A) and institutions like new agencies, medical institutions, research associations, or educational entities that come under Section 10(23B).
    4. Section 139(4D) is Required to be filed by every university, college, or other institution which is not required to furnish a return of income or loss under any other provision of this section.
    5. Section 139(4E) - Business trusts that are not required to provide a return of income or loss as per other provisions of this Section.
    6. Section 139(4F) Must be filed by any investment fund referred to in section 115UB. No return of income or loss is required to be furnished under any other provision of this section.

Who should file ITR?

In general, any individual or entity whose total income during the financial year exceeds the basic exemption limit (which varies depending on age and income category) must file an Income Tax Return (ITR) in India.

The taxpayers in India need to pay income tax on the basis of the income tax slab they fall in. There are three categories under which income tax is divided:-

  • Individuals who are less than 60 years in age.
  • Senior citizens with age 60 to 80 years in age.
  • Super senior citizens with age above 80 years in age
Income Range
Old Regime Tax Rates for FY 22-23 (AY 23-24), New Regime Tax Rates for FY 22-23 (AY 23-24)
Individuals and HUF with age less than 60 years Individuals and HUF with age 60 years or more but less than 80 years Individuals and HUF with age 80 years or more Applicable for All Individuals or HUF
Rs 0.0 to Rs 2,50,000 NIL NIL NIL NIL
Rs 2,50,001 to Rs 3,00,000 5% (tax rebate u/s 87a is available) NIL NIL 5% (tax rebate u/s 87a is available)
Rs. 3,00,001 to Rs 5,00,000 5% (tax rebate u/s 87a is available) NIL
Rs. 5,00,001 to Rs 7,50,000 20% 20% 20% 10%
Rs 7,50,001 to Rs 10,00,000 20% 20% 20% 15%
Rs 10,00,001 to Rs. 12,50,000 30% 30% 30% 20%
Rs. 12,50,001 to Rs. 15, 00,000 30% 30% 30% 25%
Exceeding Rs. 15,00,001 30% 30% 30% 30%

There are exceptions where an individual's income does not meet the taxable limit but is still mandated to file tax returns. The conditions for the same include:

  1. If the deposited amount in one or more current accounts crosses the threshold of Rs. 1 crore.
  2. If the traveling expenditure to another country exceeds the limit of Rs. 2 lakh.
  3. If the total bill amount towards the consumption of electricity exceeds Rs. 1 lakh.
  4. Any individual with an annual income below the taxable limit but possesses a bank account, a beneficiary interest in an entity outside India or holds a capital asset, or has signing authority in any account.
    An individual must file his ITR when his Business Turnover exceeds Rs. 60 lacs,
    An individual must file his ITR when his Professional Receipts exceeds Rs. 10 lacs,
    An individual must file his ITR when the aggregate amount of TDS & TCS is Rs. 25,000. This limit of 25000 will change to 50000 for senior citizen individuals.An individual must file his ITR when cumulative Deposits in one or more Savings Bank Accounts is equal to or more than 50 lacs in that financial year.

How to use the Tax2win eligibility checker?

  • Step 1- Go to the
  • Step 2- A page titled ‘Income Details’ requesting your date of birth and annual income appears. Enter the details correctly and click on ‘Next.
  • Step 3- A page titled ‘Other Details’ appears. Answer all questions by choosing ‘yes’ or ‘no.’
  • Step 4- A final page requesting personal details like full name, email ID, and mobile number is displayed. Provide all the details and click on ‘Next.’( you can also skip this step)
  • Step 5- The Tax2win eligibility checker displays whether ITR filing is mandatory. If you need to file ITR, then click on the ‘File ITR Now’ option given below.

What documents are required while filing ITR?
The important documents required for filing income tax returns are-

  1. Permanent account number
  2. Aadhar card
  3. Bank Account details
  4. Form 16
  5. Form 26AS
  6. Investment details
  7. Annual Information Statement (AIS)
  8. Taxpayer’s Information Statement (TIS)

What are the benefits of filing ITRs?

The key benefits of filing your Income Tax Return regularly are as follows:

  • To claim tax refund- When excess TDS or TCS has been deducted from taxpayers. That extra tax can be claimed by filing Income Tax returns. Hassle-free and quick Visa processing- Timely filed ITR documents for the last two years are made mandatory to produce at the embassies or consulates for VISA application.
  • To avoid penalties- If you fail to file your ITR periodically and systematically, the tax office has the right to charge you with a fine of rupees 1000 or 5,000 as per the Income Tax Act, 1961.
  • For carry forward of losses
  • To take insurance policies with high cover.

FAQs on Income Tax Eligibility Checker

Q Is it mandatory to file ITRs?

Yes, it is mandatory to file Income Tax Returns (ITRs) in India if your total income during the financial year exceeds the basic exemption limit (which varies depending on age and income category), even if no tax is payable. Failing to file your ITR on time can result in penalties and fines.

Q Where can you download the above-mentioned forms from?

After cautiously deciding which form you are required to file, you can visit the official Income Tax website and download the necessary forms.

Q What are the consequences of not filing a tax return within a given period?

If you fail to file your income tax returns before the due dates, you can file a belated return Belated return filings attract a penalty of upto Rs. 5000 under section 234F. But, for an income upto Rs. 5,00,000, the penalty levied is Rs. 1000. Also, if gross total income is Rs. 2,50,000 or less, no penalty shall be imposed. Certain losses like short-term capital loss, losses from business, long-term capital loss, etc., cannot be carried forward if Income Tax Returns are not filed before the due date as specified u/s 139(1).

Q What is the minimum income to pay tax for old regime?

If your income is less than ₹ 2,50,000, you don’t have to pay any Income-tax. This applies to individual, HUF, AOP, and BOI. But if you are a resident individual who is 60 years or older but less than 80 years, you can earn up to ₹ 3,00,000 without paying any Income-tax. And if you are a resident individual who is 80 years or more, you can earn up to 5,00,000 without paying any Income-tax.

Q Which state in India is tax-free?

Sikkim residents are exempted from paying taxes due to section 10 (26AAA) of the Income tax Act of 1961.