Does a minor have to file ITR, what does income tax rule say?

ITR filing for Minors: Minor also has to file ITR, but its rules are special

If the income of the minor is less than Rs 1,500 per month, it will not be added to the income of the parents. If the income of the minor is more than Rs 1,500 per month, then the parents will have to pay tax on that income and that income will be treated as basic income.

Child labor is completely banned in India. But despite this, the minors of the country earn or can earn from their level. When a minor works, when he earns, he Income Tax ,Income Tax) will fall within the range. If his earnings come under the purview of taxable income, then tax will be levied, otherwise he will not be required to pay any tax. Suppose a minor works in a lawful manner, receives a large sum of money in any show or activity, then he should be given income tax return (ITR Filing) has to be filled. Understand it in such a way that when a child earns lakhs and crores by winning in a popular TV show, then there is a provision to pay tax on that money. Before that we have to understand what is the definition of minor. In fact, a young man or girl below the age of 18 years comes under the category of minor. A child below the age of 18 years can also file ITR provided he has his own income.

There is also a question that can a minor have a PAN card? The answer is yes because any child below the age of 18 years can also apply and get a PAN card made. Under section 64(1A) of Income Tax, any sum received by a minor shall be included in the income of his parents and tax on such income shall be tantamount to tax on the income of the parent.

what is tax law

If the income of the minor is less than Rs 1,500 per month, it will not be added to the income of the parents. If the income of the minor is more than Rs 1,500 per month, then the parents will have to pay tax on that income and that income will be treated as basic income. Parents can claim an exemption of Rs 1,500 for each minor child (maximum 2 children) whose income is added to taxable income. If both the parents are earning, the income of the minor shall be clubbed with the income of the parent and in particular the parent who has higher income.

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The child’s income will be linked to the parents

If the parents of the minor child are divorced, the income of the child will be clubbed with the parent in whose custody the child is. If the minor child is an orphan, then a separate ITR has to be filed. The parent of the child cannot add his/her salary to it. If the child is handicapped, then his earnings will not be added to the income of the parents. The child will be considered as disabled only if he has more than 40 percent disability due to illness. If a minor earns any income by using his particular skill, talent, knowledge or manual labour, then such income earned shall be taxable to the minor himself.