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The season of filing income tax return (ITR) is in full swing. Those whose tax liability is being made, they are engaged in saving tax. At the same time, those who do not have tax on salary, they are sitting relaxed and think, "What do we have to do, we do not come under the scope of tax!"

There is no tax on the annual salary of up to Rs 4 lakh in the new tax regimen and up to Rs 2.5 lakh in the old regim. That is, the tax liability of such income people is zero, but do you know? Despite having zero tax liability, if you file ITR, then many big benefits are available. Such advantages that can motivate you to file ITR every year. Let us know what are those benefits.

1. Financial proof's trusted documents

ITR acts as a financial proof for you. Whether to apply a visa or take a loan, ITR is sought everywhere. Suppose, you are planning to hang out abroad and went to apply for the visa. There you will be asked for income proof. Or you are thinking of taking a home loan from the bank, even then ITR has to be shown. This document clearly shows your financial history, which increases your credibility.

2. Easy route of TDS refund

If your salary does not come under tax, but still the bank deducted TDS on the interest of your fixed deposit or savings account, do not be disturbed. By filing ITR, you can get this cut tax back as refund. For example, assuming your FD received an interest of Rs 10,000 and the bank deducted 10% of its TDS. If your total earning is less than the taxable limit, then this money is your right. File ITR and claim refund. It is difficult to get back this money without ITR.

3. Ease of loan and credit card

Banks or Financial Institution asks for ITR while giving loans or credit cards. If you say that 'My salary does not come under the scope of tax,' then the bank will not be impressed by your point. But if you file ITR regularly despite zero tax liability, then the bank considers you responsible taxpayers. This increases the chances of getting home loan, personal loan or credit card. Especially if your credit score is low, ITR can prove to be a game-changer for you. The bank is confident that you will pay the loan.

4. Carrie Forwards for Loss

Suppose, your salary is not in the taxable range, but you have invested in stock market or mutual funds. In the middle of the year, you sold some shares and there was a loss in it. Now next year your salary increases and it comes under the scope of tax. If you have filed Nil ITR last year, then you can forward that deficit for next year. This can reduce your taxable income and reduce the tax burden. But if you did not file an ITR, then this opportunity will come out of your hand.

5. A lot of ITR will be useful ahead

Filing ITR is not just a way to save tax, but is the way to meet many future needs. Passport or visa is to apply, take a loan, or take a big financial decision, ITR is always useful for you. This is a document that shows your financial responsibility. If you file ITR regularly, many doors can open for you in future.

Last date to file ITR

The deadline to file NIL ITR is the same, which is of regular ITR. It is usually July 31, but for financial year 2024-25 it has been increased to 15 September 2025. Even if the deadline goes out, there is no need to panic. Nil ITR does not cost late fees. That is, you can file it whenever you want.

How to file Nil ITR?

Filing Nil ITR is not a rocket science. It is similar to regular ITR. Come, step-by-step process understands:

1. Login: Go to the official website of the Income Tax Department. Register or login through PAN card.
2. E-Filing tab: Click on E-Filing tab after login.
3. ITR option: Select 'Income Tax Return' from many options.
4. Correct form: If your salary is less than the taxable limit, then choose the ITR-1 (spontaneous) form.
5. Fill the details: Fill information about personal details, income details, tax deduction. If TDS is cut or advanced tax is full, then give its details.
6. Validate: After filling all the information, validate the form. Download the XML file and download it.
7. Upload: Go to the E-File section and click on 'Upload Return' and upload the XML file.
8. Verification: It is necessary to verify it after filing ITR. This work can be online or offline (through post). Your return process will be completed only after verification.

Why is ITR important?

Filing ITR is not just a formality, but a way to make your financial journey easier. This is a proof of your being responsible citizen. Whether it is to take a loan, apply a visa, or refund claim, ITR is with you at every step. Then what are you waiting for? Even if your salary does not come under the tax, then file Nil ITR and take advantage of these benefits.