Section 194P: Check Who Can Legally Skip ITR Filing For AY 2025-26?

Chaitra Seetharam | Last updated: 08 November 2025

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Section 194P of the Income Tax Act allows certain senior citizens aged 75 and above to be exempt from filing their Income Tax Returns (ITR) for AY 2025-26. To qualify, individuals must be residents, aged 75 or older, and have only pension and interest income from a single specified bank. They must submit a declaration to their bank, which will then handle the Tax Deducted at Source (TDS) after considering eligible deductions and rebates.

Section 194P of the Income Tax Act of 1961 provides conditions for exempting Senior Citizens from filing income tax returns aged 75 years and above. Conditions for exemption are: Senior Citizens should be of age 75 years or above Senior Citizen should be ‘Resident’ in the previous year

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About the Author

Chaitra Seetharam

Finance Professional

I write on Income Tax, TDS, ITR filing, banking rules, investment schemes, and financial law updates in India. My articles simplify complex tax provisions, compliance requirements, and policy changes to help taxpayers, professionals, senior citizens, and businesses stay informed and financially aware.

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