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No ITR filing needed: These taxpayers are exempt from filing by using this form under Income Tax Act 2025
May 24, 2026
Financial Express

No ITR filing needed: These taxpayers are exempt from filing by using this form under Income Tax Act 2025

Good news for some! Many senior citizens, 75 and above, won't need to file ITRs this year. If your income is just pension and bank interest, you can use Form 125. Your bank will handle taxes. This helps avoid the filing hassle, but you must meet specific rules.