Rent received upto 1.50L

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If your total income, including rent received up to ₹1.50 lakh, falls below the tax-exempt limit, you are not obligated to file an Income Tax Return (ITR). This applies even if rent is your sole source of income. Always check the current exemption thresholds to confirm your filing requirements.

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(Querist)
26 July 2023 Dear Expert,

I have a query about rent receipts. If a person receives Rs.1.50L in rent in a year, is he need to submit ITR or not? This is his only source of income.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
26 July 2023 Not mandatory. If total income is below exempted limit, he need not file ITR.
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Aryan

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Aryan (Querist)
26 July 2023 Ok Thank you so much.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
26 July 2023 You are welcome.
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