Zero itr: Many people think that if their income is less than taxable limit, they do not need to file ITR (Income Tax Return). This thing can undoubtedly be technically correct, but there are many benefits of filing ‘Zero ITR’ or Nill Returns. Let us understand how to file zero ITR can benefit you in a long time.
What is zero itr?
Zero ITR means filing an income tax return in which your total income taxable limit (now is less than ₹ 2.5 lakh annually), so no tax liability is made on you. Despite this, you file an ITR by filling the form and verify it.
1. Financial track records are made
By filing zero ITR, you have a documentary record that you are filing income tax returns regularly, even if your income is not under tax. This record is used in many places later. Such as visa application, loan processing, credit card approval etc.
2. Ease of taking loans in future
Banks or financial institutions demand ITR for the last few years while giving loans. If you have also filed zero ITR, it shows that you are financially in discipline. This makes the application strong in schemes like personal loan, home loan or education loans. Credit cards can also be easily available.
3. TDS can refund claim
Many times, TDS (tax deducted at source) is deducted if you have a little income on the job or bank FD, even if your annual income is less than tax slab. In such a situation, you will be able to claim refund only when you have filed ITR. You can get that money back through zero ITR.
4. Important documents in Visa application
In the visa process of many countries, ITRs of the last 2–3 years are sought. Even if your income does not come under the purview of tax, zero ITR gives the Visa officer assure that your financial activity is transparent and in track.
5. History is made when income increases in future
Today your income can be ₹ 2 lakh, but tomorrow you can earn ₹ 10 lakh annually. At that time, the old habit of filing zero ITR will show that you are always among the taxpayers running according to the rules. This strengthens your credit profile.
6. Documentary support for startup or business
If you want to start a business in future or get investment or registration for startups, then ITR documents are also required there. Zero ITR becomes a reputational and documentary support for you there.
7. Help in government schemes and subsidy
Some government schemes- ITR copy is sought during the application in schemes like scholarship, MSME loan, or Pradhan Mantri Awas Yojana. Zero ITR is also useful there, especially if your income is low and you come under the eligibility of the scheme.
So should everyone file?
If your income is not taxable, it is not legally necessary to file ITR. But financially vigilant people file it, so that they do not have to run for any necessary formality in the future.
How to do Zero ITR file?
- Go to the official website of income tax.
- Choose ITR-1 or ITR-4 form, which is for salary or small business class. Is.
- Fill your basic details, fill ₹ 0 in income section or whatever is your non-taxable income.
- Verify the Return through Aadhaar OTP or EVC.
- Keep a print or PDF sev of Acknowledgment (ITR-V).
Also read: ITR Filing 2025: Be aware even after filing returns, if you make 8 mistakes, then tax notice will come quickly