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Find out what is a income tax nil return, why should you file it and how to fill it up online. Check out if you can go without filing nil return. What does NIL stand for? What does NIL mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: NIL. Begin your Online IELTS test preparation today to hone your skills with NIL. Prepare for your test with a wide range of methods from the National Institute of Language. You’ll come to know about the videos and online sessions, one-on-one courses, workshops & seminars provided by “NIL”. Select the preparation materials according to your requirement and begin your IELTS preparation today. NIL definition: 1. In sports results, nil means 'zero': 2. not existing: . Learn more.