The basic exemption limit depends on the taxpayer’s age and type of filing status. For most individuals, it is [mention limit based on the country's laws, e.g., ₹2,50,000 in Warangal]. Senior citizens and super senior citizens have higher exemption limits.

The types of ITRs include ITR-1 (for salaried individuals), ITR-2 (for individuals with capital gains), ITR-3 (for business/professional income), ITR-4 (presumptive income for small businesses), ITR-5 for partnership firms and ITR-6 (for companies).

The due date varies for different taxpayers. For salaried individuals and non-audit cases, the due date is usually July 31 of the following financial year. For businesses and taxpayers requiring audit, the due date is September 30 (or later if extended).

If you fail to file an ITR on time, you may face late fees, penalties, and interest on the outstanding tax liability. Additionally, you may lose the opportunity to carry forward certain losses.

Yes, you can file a revised return before the end of the assessment year or before the completion of the assessment, whichever is earlier.