Personal Finance Why filing ITR is important even if your salary is not taxable Updated : July 23, 2019 08:48 AM IST It is mandatory to file income tax returns (ITRs) for all Indians who have an income of over Rs. 2.5 lakh after necessary deductions and are below 60 years of age. Citizens aged above 60, and those above 80, will have to file their ITR if their income is Rs. 3 lakh and Rs. 5 lakh, respectively. Filing income tax return is not mandatory for individuals who have income below the threshold of Rs. 2.5 lakh or have zero tax to pay. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.