What is a zero income? Filing Nil ITR on zero income will be a profitable deal

What Is A Zero Income:  There are many people who have zero income in a financial year. Whether they are students or housewives... people in such category should file Nill Return or Zero Return.

Filing ITR on zero income

If you live in India and are earning from any job or business, then it is necessary for you to file income tax return. If your income is more than the tax exemption limit before tax exemption and deduction, then also you should file ITR. Usually people are confused about filling ITR. Many people feel that if their income does not fall in any tax slab, then they do not need to file return.

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In reality, you may fall in any tax slab or even if your income is zero... still you must file return.

When is the last date to file ITR?

The Central Board of Direct Taxes (CBDT) has extended the last date for ITR filing to 15 September 2025, giving you extra time to prepare. There are many people who have zero income in a financial year. Whether they are students or housewives... people in such a category should file Nill Return or Zero Return.

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What is Zero Return?

Zero return is a situation when a taxpayer files income tax return despite not having any income in a financial year. Apart from this, those taxpayers whose total income is less than the taxable limit can also file zero return. Although according to the Income Tax Act, it is not mandatory for such people to file returns, but if they file returns, they can get many important benefits.

If you file ITR even on zero income, you will get these benefits

The bank easily gives loans to such taxpayers who file regular income tax returns. Even if you file a zero return. If there is a deposit or fixed deposit (FD) in the bank in the name of a person, and TDS (Tax Deducted at Source) is being deducted on the interest received on it, then it is necessary to file an income tax return to get a refund of that TDS amount.

How to file your income tax return?

First of all go to the official site of the Income Tax Department https://eportal.incometax.gov.in/iec/foservices/#/login. Enter your password and login. If you do not remember the password, you can create a new password through Forgot Password. After logging in, a page will open, where you click on e-file. After that select the File Income Tax Return option. Select the assessment year and then continue. You will get the option for Online and Offline. In this, select Online and choose the 'Personal' option.

E-Verification

After validation, click on "Proceed To Verification". In this way, your return will be filed within a few minutes. Now you can do E-Verification to verify your return. Without this, ITR filing will not be complete and you will not get a refund.