The last date to file your Income Tax Return (ITR) is 15th September, and only a few days are left.
Most salaried taxpayers have already filed their ITRs and are waiting for their refunds.
If you haven’t filed yet, it is important to pay attention to a few things before submitting your return on the e-filing portal.
Salaried taxpayers should keep in mind five important points to ensure they receive their full refund.
5 Important Points for Filing ITR
1. Registration is Necessary
If this is your first time filing income tax, you must register on the e-filing portal.
Only after registration can you file your ITR. If you are already registered, just log in and proceed to file.
2. Choosing the Right Form
If your income is only from salary and one house property, use ITR-1.
If you have multiple sources of income, use ITR-2.
Choosing the correct form ensures your tax is calculated correctly and helps you receive a full refund.
3. Keep Important Documents Ready
Before filing, make sure you have:
Form 16
Form 26AS
AIS (Annual Information Statement)
PAN card
Capital gains P&L statement (if applicable)
Bank interest statements
Missing any of these documents may cause problems while filing.
4. Filing Yourself or Taking Help of a CA
If your income is simple, you can file your ITR yourself.
If you have multiple income sources (like capital gains from crypto or property sales), it’s better to consult a Chartered Accountant (CA) to ensure correct tax calculation and full refund.
5. Match Details with Form 26AS
The TDS details in Form 16 should match Form 26AS, which includes information on TDS, TCS, and advance tax.
If there is a mismatch, request your employer for a revised Form 16.
If revision isn’t possible, you can file your return using available documents like bank statements and salary slips.
Missing the ITR deadline may lead to penalties, so filing before 15th September is crucial.
