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ITR Salaried Person

Filling.

Why to file ITR ?
Frequently Asked Questions

Salaried individuals with an annual income exceeding the basic exemption limit prescribed by the Income Tax Department must file their ITR.

  • Key documents include Form 16, salary slips, bank statements, investment proofs for deductions, and any other income details like interest or rental income.

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Yes, if excess TDS has been deducted, you can claim a refund by filing your ITR, provided your actual tax liability is lower than the amount deducted.

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Failing to file your ITR on time may result in penalties, interest charges, and loss of certain benefits like carrying forward losses or claiming deductions.

 
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Filing an Income Tax Return (ITR) is a legal obligation and a crucial step toward financial discipline for salaried individuals.

 

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