ITR Filing Tips: Before filing ITR, definitely check these 5 things, you will get bumper refund along with huge tax savings

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ITR Filing Tips: Before filing ITR, definitely check these 5 things, you will get bumper refund along with huge tax savings
ITR Filing Tips: Before filing ITR, definitely check these 5 things, you will get bumper refund along with huge tax savings

Income tax return Filing tips: The month of June has started and the time for filing income tax returns has also started. Actually, the deadline for filling it (ITR filing deadline) is also gradually coming closer. Let us tell you,

if you do a job, then you should keep some important things (tax saving tips) in mind while filing the return. Today in this news, we will tell you about such great tips, by adopting which you will not only save your tax but you will also get refund easily. Let’s know in detail in the news-

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The countdown for filing Income Tax Return has started. Like always, this time also the last date for filing ITR is 31st July, 2024. The Income Tax Department has also issued different ITR forms for all types of taxpayers (ITR Filing Process). If you are a salaried person and do not do any side business, then you have to fill ITR-1 form.

What are the other conditions for filing ITR (Tips for ITR file 2024) for a salaried person and what 5 things should they keep in mind the most. We are giving you information about this.

In such a case, do not fill ITR-1 form

If the annual income of a salaried person is less than Rs 50 lakh. Also, if there is income from sources like property, family pension, farming (up to 5 thousand maximum) and FD, then they should fill ITR-1 form (ITR-1 form kya hai). It is important to note that income from business and profession will not be filled in ITR-1 form.

Apart from this, if you have capital gain or income from more than one property or have earned money from things like lottery or horse racing, then also (Income tax department) you should not fill ITR-1 form. Apart from this, you should keep in mind some other things, the details of which we are giving you.

In which sector do you work

Before filing income tax return, it is important to note in which sector you work. For example, if someone works in the Central Government (IT filing deadline), then his salary details are different. Similarly, if you are a state government employee or work in the private sector, then the salary break up is different and the tax exemption you get (how to file ITR) also depends on this.

Keep these important documents ready

For filing ITR, you will get Form-16 from your employer. Apart from this, download the Annual Information Statement (AIS) as well. Keep the rent slip ready to claim HRA and also keep the receipt of other investments with you. You do not have to upload these documents (important document for ITR filing) but keep them ready for the need.

Matching of tax is important

Tax of salaried people is usually deducted from their salary in the form of TDS or TCS, however, you must match this tax with other documents. For this, you can assess the actual tax with the help of documents like AIS and 26AS. If there is any mistake, you can correct it with the help of these documents.

How to fill the previous return

The income tax department also gives the salaried people the opportunity to fill the returns of the last 2 years. If you forgot to fill any return (income tax return) in the last 2 years or there is any mistake in it, then you can file the missed return as well as the updated ITR (ITR-U).

Do this for refund

After filling ITR, to get your refund quickly and easily, some things have to be kept in mind (Income tax saving tips). First of all, check whether your Aadhaar and PAN are linked or not. Apart from this, it is also necessary to verify the bank account. It is most important that you choose the right ITR form. Even if it is wrong, fill the revised ITR in time.

Good News! There has been a big change in the rules of EPFO, it will be easy to withdraw money and these facilities will also be available

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