What is Tax Filing?
Tax Filing or Tax Return is a tax form. It discloses your Real Income and a proof that you have paid your rightful taxes to the tax authorities of Government. It is a worksheet where your income figure is used to calculate your tax liability. Tax returns file on a specific date whether it relates to an individual or a business.
Who needs to file Income Tax Return (ITR)?
How to file Income Tax Return (ITR)?
There’s income tax return form ranging from ITR 1 to ITR 7 for different types of income. If you are a salaried individual you are only going to need Form 26AS and Form 16. There are many options to file your Income Tax Return online through official website of Income Tax Department of India. It is simple, easy and quick. The Government offers various Tax Saving Schemes where you can invest your money.