{"id":4650,"date":"2023-07-19T12:20:29","date_gmt":"2023-07-19T12:20:29","guid":{"rendered":"https:\/\/lxme.in\/?p=4650"},"modified":"2025-08-02T09:38:02","modified_gmt":"2025-08-02T09:38:02","slug":"income-tax-for-housewife","status":"publish","type":"post","link":"https:\/\/lxme.in\/v1\/income-tax-for-housewife\/","title":{"rendered":"A Simplified Guide to Income Tax for Housewife"},"content":{"rendered":"\n<p>Do homemakers need to file ITR? When it comes to filing Income Tax Returns, many homemakers often find themselves in a dilemma. After all, if they do not have a primary source of income, do they really need to go through the process of filing ITR? Understanding the <strong>tax obligations for Housewife<\/strong> is essential to ensure compliance with tax laws and to take advantage of available benefits.&nbsp;<\/p>\n\n\n\n<p>Whether you are a homemaker or know someone who is, this will help you navigate the <strong>tax filing process effectively<\/strong> and optimize your financial planning.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_75 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/lxme.in\/v1\/income-tax-for-housewife\/#What_is_ITR_and_why_is_it_important_to_file_an_ITR\" >What is&nbsp; ITR and why is it important to file an ITR?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/lxme.in\/v1\/income-tax-for-housewife\/#Housewife_and_Income_Tax_filing_Do_homemakers_need_to_file_ITR\" >Housewife and Income Tax filing: Do homemakers need to file ITR?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/lxme.in\/v1\/income-tax-for-housewife\/#Scenarios_where_homemakers_should_consider_filing_taxes_%E2%80%93\" >Scenarios where homemakers should consider filing taxes &#8211;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/lxme.in\/v1\/income-tax-for-housewife\/#Who_is_considered_a_Homemaker_for_Income_Tax_Purposes\" >Who is considered a Homemaker for Income Tax Purposes?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/lxme.in\/v1\/income-tax-for-housewife\/#Step-by-Step_Guide_to_File_ITR_for_Homemakers\" >Step-by-Step Guide to File ITR for Homemakers:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/lxme.in\/v1\/income-tax-for-housewife\/#Tips_on_filing_ITR_as_Housewife_to_save_taxes\" >Tips on filing ITR as Housewife to save taxes:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/lxme.in\/v1\/income-tax-for-housewife\/#Bottom-line\" >Bottom-line<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/lxme.in\/v1\/income-tax-for-housewife\/#FAQs-_Frequently_Asked_Questions\" >FAQs-&nbsp;Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/lxme.in\/v1\/income-tax-for-housewife\/#1_I_am_a_homemaker_and_do_not_have_any_conventional_sources_of_income_Do_I_need_to_file_ITR\" >1. I am a homemaker and do not have any conventional sources of income. Do I need to file ITR?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/lxme.in\/v1\/income-tax-for-housewife\/#2_I_dont_have_any_business_income_Which_ITR_form_should_I_use_as_a_homemaker\" >2. I don\u2019t have any business income. Which ITR form should I use as a homemaker?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/lxme.in\/v1\/income-tax-for-housewife\/#3_My_total_taxable_income_is_below_the_exemption_limit_but_TDS_has_been_deducted_from_my_bank_interest_What_should_I_do\" >3. My total taxable income is below the exemption limit, but TDS has been deducted from my bank interest. What should I do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/lxme.in\/v1\/income-tax-for-housewife\/#Share_this_blog_with_your_family_and_friends_if_you_find_it_insightful\" >Share this blog with your family and friends if you find it insightful!!<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/lxme.in\/v1\/income-tax-for-housewife\/#Download_the_LXME_app_for_more_such_content\" >Download the LXME app for more such content!<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_ITR_and_why_is_it_important_to_file_an_ITR\"><\/span><strong>What is&nbsp; ITR and why is it important to file an ITR?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>ITR or Income Tax Return, is a <strong>document <\/strong>that taxpayers need to submit to the tax authorities <strong>declaring their income, expenses, deductions, and tax liability for a given financial year<\/strong>. It serves as a crucial tool for the Government to assess the taxpayer\u2019s income and ensure compliance with tax regulations.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Housewife_and_Income_Tax_filing_Do_homemakers_need_to_file_ITR\"><\/span><strong>Housewife and Income Tax filing: Do homemakers need to file ITR?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Yes, if a homemaker\u2019s total income <strong>exceeds the basic exemption limit<\/strong>, they immediately become liable to pay taxes.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Scenarios_where_homemakers_should_consider_filing_taxes_%E2%80%93\"><\/span><strong>Scenarios where homemakers should consider filing taxes &#8211; <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>1. If your total income exceeds the<strong> <\/strong>basic exemption limit i.e. <strong>\u20b92.5 lakh for the old regime and \u20b93 lakh in the new regime<\/strong>.<\/p>\n\n\n\n<p>2. If the <strong>FD interest earned for the year is more than the exemption limit<\/strong>, the same will be treated as her income and will be taxed in the hands of the homemaker.<\/p>\n\n\n\n<p>3. If you are <strong>planning to take a loan or apply for a visa<\/strong>, proof of return filing may be required from you<\/p>\n\n\n\n<p>4. If the amount of <strong>gift received exceeds Rs 50,000<\/strong>, it shall form part of the total income and due tax shall be paid accordingly.<\/p>\n\n\n\n<p>5. If you have any investments and you have earned <strong>capital gains<\/strong> from this and if it is more than the basic exemption limit then you have to file ITR.<\/p>\n\n\n\n<p>6. If your total taxable income is less than the exemption limit and if TDS is deducted from investments such as interest income from bank deposits, then for <strong>claiming a refund<\/strong> you should file ITR for that financial year.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_is_considered_a_Homemaker_for_Income_Tax_Purposes\"><\/span><strong>Who is considered a Homemaker for Income Tax Purposes?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A \u201chomemaker\u201d refers to an individual who primarily manages the household but <strong>may not have a regular income<\/strong>. Eligibility Criteria for homemakers to file Income Tax Return (ITR) depends on Income Thresholds and taxable transactions.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step-by-Step_Guide_to_File_ITR_for_Homemakers\"><\/span><strong>Step-by-Step Guide to File ITR for Homemakers:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1080\" height=\"1080\" data-id=\"5337\" src=\"https:\/\/lxme.in\/wp-content\/uploads\/2023\/09\/Simple-Blog-Update-Featured-Instagram-Post-_1_.webp\" alt=\"ITR for Homemakers\" class=\"wp-image-5337\"\/><\/figure>\n<\/figure>\n\n\n\n<p>Step 1 &#8211; Gather <strong>necessary documents<\/strong> and information for ITR filing including Aadhaar Card, PAN Card, bank statements, interest certificates, investment details, and all other documents related to income, deductions and exemptions.<\/p>\n\n\n\n<p>For a <strong>detailed ITR document checklist<\/strong>, checkout this <strong><a href=\"https:\/\/lxme.onelink.me\/95JV\/postdetails719\" target=\"_blank\" rel=\"noreferrer noopener\">one pager<\/a><\/strong> on the <a href=\"https:\/\/www.crunchbase.com\/organization\/lxme\" target=\"_blank\" rel=\"noreferrer noopener\">LXME<\/a> app.<\/p>\n\n\n\n<p>Step 2 &#8211;&nbsp; Register and create an account on the<strong> <a href=\"https:\/\/eportal.incometax.gov.in\/iec\/foservices\/#\/login\" target=\"_blank\" rel=\"noreferrer noopener\">income tax e-filing portal<\/a><\/strong>, if not already done. Provide the<strong> required details and complete the registration process<\/strong>.&nbsp;<\/p>\n\n\n\n<p>Step 3 &#8211; Choose the <strong>appropriate ITR form<\/strong> for homemakers. If you are not earning any business income then ITR-1(SAHAJ) or ITR-2 may be applicable. Check the eligibility criteria and select the form that matches your situation.<\/p>\n\n\n\n<p>Check out this <strong><a href=\"https:\/\/lxme.onelink.me\/95JV\/postdetails718\" target=\"_blank\" rel=\"noreferrer noopener\">one pager<\/a><\/strong> on <strong>ITR forms<\/strong> for more information.<\/p>\n\n\n\n<p>Step 4 &#8211;&nbsp; Understand the <strong>various sections<\/strong> and fields in the ITR form relevant to homemakers. Check the sections such as Personal Information, Income Details, Deductions, Tax Computation, and Verification.<\/p>\n\n\n\n<p>Step 5 &#8211; Fill in the <strong>income, deductions, and exemptions<\/strong>. Report any income earned such as interest on savings, rental income, or capital gains. Enter details of deductions available, such as section 80C for Investments, Section 80D for health insurance premiums, and other applicable sections.<\/p>\n\n\n\n<p>Step 6 &#8211;<strong> Verify and review<\/strong> all the information entered in the ITR form. Ensure <strong>accuracy and completeness <\/strong>of the details provided.<\/p>\n\n\n\n<p>Step 7 &#8211; <strong>Submit<\/strong> <strong>the ITR<\/strong> online on the Income Tax e-filing portal.<\/p>\n\n\n\n<p>Remember to <strong>keep a copy of the filed ITR<\/strong> and<strong> any supporting documents<\/strong> for future reference.<\/p>\n\n\n\n<p>It is advisable to <strong>consult a tax professional<\/strong> for any specific queries or detailed instructions during the filing process.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tips_on_filing_ITR_as_Housewife_to_save_taxes\"><\/span><strong>Tips on filing ITR as Housewife to save taxes:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Now that we understand the importance and scenarios of ITR filing for Housewife, let us explore some strategies to help them save taxes effectively:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Invest in Tax-Saving Instruments<\/strong>: Invest in <strong>tax-saving instruments<\/strong> like Public Provident Fund(PPF), ELSS, e.t.c. as these investments offer tax benefits under Section 80C of the Income Tax Act.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Claim Exemptions<\/strong>: Ensure you are aware of the <strong>exemptions available<\/strong>, such as the basic exemption limit, which varies based on age and Income bracket. Additionally, exemptions on long-term capital gains from the sale of certain assets or interest earned on specified savings can be explored. They should also take <strong>advantage of deductions available<\/strong> under the Income Tax Act. Expenses such as medical bills, contributions to specific savings schemes can be claimed as deductions, reducing overall taxable income.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>File ITR Regularly<\/strong>: Homemakers should develop a <strong>habit of filing ITR regularly<\/strong>, even if not mandatory, as it helps build a financial history and facilitates future financial transactions. It also provides an <strong>opportunity to avail of benefits like carrying forward losses and claiming refunds<\/strong>.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>File taxes on time: <\/strong>Remember to file your taxes <strong>on time<\/strong> to <strong>avoid penalties and unnecessary complications.&nbsp;<\/strong><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bottom-line\"><\/span><strong>Bottom-line<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In conclusion, homemakers may <strong>not have<\/strong> a <strong>conventional income source<\/strong>, but understanding the significance of filing Income Tax Returns is crucial for their financial well-being.<\/p>\n\n\n\n<p>Housewife can improve their tax situation and make smart financial choices by understanding when they need to file taxes. Let\u2019s encourage homemakers in recognizing their financial roles and responsibilities, so that they can confidently handle taxes and make the most of their money.<\/p>\n\n\n\n<p><strong>Related Article You may Like :-<\/strong> <a href=\"https:\/\/lxme.in\/how-to-file-your-income-tax-returns\/\" data-type=\"link\" data-id=\"https:\/\/lxme.in\/how-to-file-your-income-tax-returns\/\">5 Benefits of Filing Income Tax Returns<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs-_Frequently_Asked_Questions\"><\/span><strong>FAQs-&nbsp;<\/strong>Frequently Asked Questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1694693311249\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"1_I_am_a_homemaker_and_do_not_have_any_conventional_sources_of_income_Do_I_need_to_file_ITR\"><\/span><strong>1. I am a homemaker and do not have any conventional sources of income. Do I need to file ITR?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p><strong>Ans.<\/strong>\u00a0 If your total income exceeds the basic exemption limit prescribed by the Government which is \u20b92.5 lakh for the old regime and \u20b93 lakh in the new regime, you are required to file an Income Tax Return, regardless of whether you have a regular source of income or not.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1694693337643\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"2_I_dont_have_any_business_income_Which_ITR_form_should_I_use_as_a_homemaker\"><\/span><strong>2. I don\u2019t have any business income. Which ITR form should I use as a homemaker?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p><strong>Ans.<\/strong> If you don\u2019t have any business income, you can consider using ITR-1(SAHAJ) or ITR-2 form, whichever is applicable. It\u2019s important to check the eligibility criteria and select the appropriate form.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1694693356738\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"3_My_total_taxable_income_is_below_the_exemption_limit_but_TDS_has_been_deducted_from_my_bank_interest_What_should_I_do\"><\/span><strong>3. My total taxable income is below the exemption limit, but TDS has been deducted from my bank interest. What should I do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p><strong>Ans. <\/strong>If TDS has been deducted from your bank interest or any other investment and your total taxable income is below the exemption limit, then you can claim a refund by filing ITR for that financial year.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n<blockquote class=\"instagram-media\" data-instgrm-captioned data-instgrm-permalink=\"https:\/\/www.instagram.com\/reel\/CumxMfZIQY9\/?utm_source=ig_embed&amp;utm_campaign=loading\" data-instgrm-version=\"14\" style=\" background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:300px; min-width:300px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);\"><div style=\"padding:16px;\"> <a href=\"https:\/\/www.instagram.com\/reel\/CumxMfZIQY9\/?utm_source=ig_embed&amp;utm_campaign=loading\" style=\" background:#FFFFFF; line-height:0; padding:0 0; text-align:center; text-decoration:none; width:100%;\" target=\"_blank\" rel=\"noopener\"> <div style=\" display: flex; flex-direction: row; align-items: center;\"> <div style=\"background-color: #F4F4F4; border-radius: 50%; flex-grow: 0; height: 40px; margin-right: 14px; width: 40px;\"><\/div> <div style=\"display: flex; flex-direction: column; flex-grow: 1; justify-content: center;\"> <div style=\" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 100px;\"><\/div> <div style=\" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; width: 60px;\"><\/div><\/div><\/div><div style=\"padding: 19% 0;\"><\/div> <div style=\"display:block; height:50px; margin:0 auto 12px; width:50px;\"><svg width=\"50px\" height=\"50px\" viewBox=\"0 0 60 60\" version=\"1.1\" xmlns=\"https:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"https:\/\/www.w3.org\/1999\/xlink\"><g stroke=\"none\" stroke-width=\"1\" fill=\"none\" fill-rule=\"evenodd\"><g transform=\"translate(-511.000000, -20.000000)\" fill=\"#000000\"><g><path d=\"M556.869,30.41 C554.814,30.41 553.148,32.076 553.148,34.131 C553.148,36.186 554.814,37.852 556.869,37.852 C558.924,37.852 560.59,36.186 560.59,34.131 C560.59,32.076 558.924,30.41 556.869,30.41 M541,60.657 C535.114,60.657 530.342,55.887 530.342,50 C530.342,44.114 535.114,39.342 541,39.342 C546.887,39.342 551.658,44.114 551.658,50 C551.658,55.887 546.887,60.657 541,60.657 M541,33.886 C532.1,33.886 524.886,41.1 524.886,50 C524.886,58.899 532.1,66.113 541,66.113 C549.9,66.113 557.115,58.899 557.115,50 C557.115,41.1 549.9,33.886 541,33.886 M565.378,62.101 C565.244,65.022 564.756,66.606 564.346,67.663 C563.803,69.06 563.154,70.057 562.106,71.106 C561.058,72.155 560.06,72.803 558.662,73.347 C557.607,73.757 556.021,74.244 553.102,74.378 C549.944,74.521 548.997,74.552 541,74.552 C533.003,74.552 532.056,74.521 528.898,74.378 C525.979,74.244 524.393,73.757 523.338,73.347 C521.94,72.803 520.942,72.155 519.894,71.106 C518.846,70.057 518.197,69.06 517.654,67.663 C517.244,66.606 516.755,65.022 516.623,62.101 C516.479,58.943 516.448,57.996 516.448,50 C516.448,42.003 516.479,41.056 516.623,37.899 C516.755,34.978 517.244,33.391 517.654,32.338 C518.197,30.938 518.846,29.942 519.894,28.894 C520.942,27.846 521.94,27.196 523.338,26.654 C524.393,26.244 525.979,25.756 528.898,25.623 C532.057,25.479 533.004,25.448 541,25.448 C548.997,25.448 549.943,25.479 553.102,25.623 C556.021,25.756 557.607,26.244 558.662,26.654 C560.06,27.196 561.058,27.846 562.106,28.894 C563.154,29.942 563.803,30.938 564.346,32.338 C564.756,33.391 565.244,34.978 565.378,37.899 C565.522,41.056 565.552,42.003 565.552,50 C565.552,57.996 565.522,58.943 565.378,62.101 M570.82,37.631 C570.674,34.438 570.167,32.258 569.425,30.349 C568.659,28.377 567.633,26.702 565.965,25.035 C564.297,23.368 562.623,22.342 560.652,21.575 C558.743,20.834 556.562,20.326 553.369,20.18 C550.169,20.033 549.148,20 541,20 C532.853,20 531.831,20.033 528.631,20.18 C525.438,20.326 523.257,20.834 521.349,21.575 C519.376,22.342 517.703,23.368 516.035,25.035 C514.368,26.702 513.342,28.377 512.574,30.349 C511.834,32.258 511.326,34.438 511.181,37.631 C511.035,40.831 511,41.851 511,50 C511,58.147 511.035,59.17 511.181,62.369 C511.326,65.562 511.834,67.743 512.574,69.651 C513.342,71.625 514.368,73.296 516.035,74.965 C517.703,76.634 519.376,77.658 521.349,78.425 C523.257,79.167 525.438,79.673 528.631,79.82 C531.831,79.965 532.853,80.001 541,80.001 C549.148,80.001 550.169,79.965 553.369,79.82 C556.562,79.673 558.743,79.167 560.652,78.425 C562.623,77.658 564.297,76.634 565.965,74.965 C567.633,73.296 568.659,71.625 569.425,69.651 C570.167,67.743 570.674,65.562 570.82,62.369 C570.966,59.17 571,58.147 571,50 C571,41.851 570.966,40.831 570.82,37.631\"><\/path><\/g><\/g><\/g><\/svg><\/div><div style=\"padding-top: 8px;\"> <div style=\" color:#3897f0; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:550; line-height:18px;\">View this post on Instagram<\/div><\/div><div style=\"padding: 12.5% 0;\"><\/div> <div style=\"display: flex; flex-direction: row; margin-bottom: 14px; align-items: center;\"><div> <div style=\"background-color: #F4F4F4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(0px) translateY(7px);\"><\/div> <div style=\"background-color: #F4F4F4; height: 12.5px; transform: rotate(-45deg) translateX(3px) translateY(1px); width: 12.5px; flex-grow: 0; margin-right: 14px; margin-left: 2px;\"><\/div> <div style=\"background-color: #F4F4F4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(9px) translateY(-18px);\"><\/div><\/div><div style=\"margin-left: 8px;\"> <div style=\" background-color: #F4F4F4; border-radius: 50%; flex-grow: 0; height: 20px; width: 20px;\"><\/div> <div style=\" width: 0; height: 0; border-top: 2px solid transparent; border-left: 6px solid #f4f4f4; border-bottom: 2px solid transparent; transform: translateX(16px) translateY(-4px) rotate(30deg)\"><\/div><\/div><div style=\"margin-left: auto;\"> <div style=\" width: 0px; border-top: 8px solid #F4F4F4; border-right: 8px solid transparent; transform: translateY(16px);\"><\/div> <div style=\" background-color: #F4F4F4; flex-grow: 0; height: 12px; width: 16px; transform: translateY(-4px);\"><\/div> <div style=\" width: 0; height: 0; border-top: 8px solid #F4F4F4; border-left: 8px solid transparent; transform: translateY(-4px) translateX(8px);\"><\/div><\/div><\/div> <div style=\"display: flex; flex-direction: column; flex-grow: 1; justify-content: center; margin-bottom: 24px;\"> <div style=\" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 224px;\"><\/div> <div style=\" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; width: 144px;\"><\/div><\/div><\/a><p style=\" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; line-height:17px; margin-bottom:0; margin-top:8px; overflow:hidden; padding:8px 0 7px; text-align:center; text-overflow:ellipsis; white-space:nowrap;\"><a href=\"https:\/\/www.instagram.com\/reel\/CumxMfZIQY9\/?utm_source=ig_embed&amp;utm_campaign=loading\" style=\" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none;\" target=\"_blank\" rel=\"noopener\">A post shared by LXME (pronounced Lakshmi) (@lxmeofficial)<\/a><\/p><\/div><\/blockquote> <script async src=\"\/\/www.instagram.com\/embed.js\"><\/script>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Share_this_blog_with_your_family_and_friends_if_you_find_it_insightful\"><\/span><strong>Share this blog with your family and friends if you find it insightful!!<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Download_the_LXME_app_for_more_such_content\"><\/span><strong>Download the <a href=\"https:\/\/lxme.onelink.me\/95JV\/moneycoach\" target=\"_blank\" rel=\"noreferrer noopener\">LXME app<\/a> for more such content!<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"FAQPage\",\n  \"mainEntity\": [{\n    \"@type\": \"Question\",\n    \"name\": \"I am a homemaker and do not have any conventional sources of income. Do I need to file ITR?\",\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"If your total income exceeds the basic exemption limit prescribed by the Government which is \u20b92.5 lakh for the old regime and \u20b93 lakh in the new regime, you are required to file an Income Tax Return, regardless of whether you have a regular source of income or not.\"\n    }\n  },{\n    \"@type\": \"Question\",\n    \"name\": \"I don\u2019t have any business income. Which ITR form should I use as a homemaker?\",\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"If you don\u2019t have any business income, you can consider using ITR-1(SAHAJ) or ITR-2 form, whichever is applicable. It\u2019s important to check the eligibility criteria and select the appropriate form.\"\n    }\n  },{\n    \"@type\": \"Question\",\n    \"name\": \"My total taxable income is below the exemption limit, but TDS has been deducted from my bank interest. What should I do?\",\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"If TDS has been deducted from your bank interest or any other investment and your total taxable income is below the exemption limit, then you can claim a refund by filing ITR for that financial year.\"\n    }\n  }]\n}\n<\/script>\n","protected":false},"excerpt":{"rendered":"<p>Do homemakers need to file ITR? When it comes to filing Income Tax Returns, many homemakers often find themselves in a dilemma. After all, if they do not have a primary source of income, do they really need to go through the process of filing ITR? Understanding the tax obligations for Housewife is essential to <a href=\"https:\/\/lxme.in\/v1\/income-tax-for-housewife\/\" class=\"more-link\">&#8230;<span class=\"screen-reader-text\">  A Simplified Guide to Income Tax for Housewife<\/span><\/a><\/p>\n","protected":false},"author":10,"featured_media":6467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[661,650],"tags":[300,301,302,195,7,303],"class_list":["post-4650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lifestyle","category-tax","tag-deductions","tag-exemptions","tag-homemakers","tag-itr","tag-tax","tag-tax-planning-tips"],"acf":[],"_links":{"self":[{"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/posts\/4650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/comments?post=4650"}],"version-history":[{"count":14,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/posts\/4650\/revisions"}],"predecessor-version":[{"id":18708,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/posts\/4650\/revisions\/18708"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/media\/6467"}],"wp:attachment":[{"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/media?parent=4650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/categories?post=4650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/tags?post=4650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}