Is is required to file ITR if net income after standard deduction below 5 lakhs

I have salary income  + interest income & Commission Income (3.35 lakhs) under 194 H for which 5% TDS applied by payee. After standard deduction of 50K  net income is 4.95 Lakhs. No Income Tax due as per online self filing on IT Portal.  Do I need to file ITR for FY: 2021-22. if Yes which ITR.

Replies (2)
Quick Summary
If your net income, after accounting for the standard deduction, falls below 5 lakhs, you might still need to file an Income Tax Return (ITR). This is generally required if your gross income exceeds the basic exemption limit of 2.5 lakhs. For salary, interest, and commission income totalling 3.35 lakhs, with a 50,000 standard deduction, your net income is 4.95 lakhs. In such cases, you can typically use ITR 1.

Yes need to file ITR. File ITR 1
Yes. if income exceeds 2,50,000. you need to file ITR. you can file ITR 1

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