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

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.