What is Income Tax Filing ?

Filing of Income Tax Return is the process of declaring one’s income and income tax paid thereon by the assessee to the assessing officer. Income tax return contains details of income earned by an assessee from different sources, details of taxes paid or deducted such as Advance Tax, TDS or TCS and details of income tax refundable to the assessee by the department if any.

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What are the Documents required for IT Return Filing?

PAN Card Copy

Form-16

For Interest Income

Form 26 AS

Section 80 Investments

Other Invest Documents

What is the process for Income Tax Filing ?

Calculate the income earned in the relevant financial year from all the sources.

Calculate the tax payable on the earned income after deducting any tax credits such as TDS, TCS or Advance Tax.

Any tax payable should be paid before filing the return of income.

Relevant ITR should be filled with all the necessary details.

Submit the duly filled ITR to the concerned Assessign Officer.