look news india
income tax return (ITR) The last date for filing is getting closer. The last date for filing income tax returns for the financial year 2024-25 is July 31, 2024. The Income Tax Department says that so far two crore taxpayers have filed their ITR. Last year 8.18 crore ITRs were filed. That is, more than six crore taxpayers have not filed ITR yet. The Income Tax Department has asked taxpayers to file ITR as soon as possible to avoid last minute rush. Last time 18 lakh ITRs were filed in the last two days. Here we are telling you which documents will be required to file ITR.
Form-16 is the most important document for employed people. ITR is filed with its help. This document is given to any employee by his company. It contains complete information about the tax deducted from the employee's salary and the salary paid. Information related to this is already filled in ITR.
This form is issued by the Income Tax Department. It contains complete information about the tax levied on the income of the taxpayers. It can be obtained from the Income Tax Department website by entering your PAN number. If you want, you can also compare your Form-16 and Form 26AS and see whether the tax deduction is the same in both places or not.
Interest Income Certificate
If you have made an FD in a bank or post office or deposited money in any other interest-bearing scheme, then it is important to keep an interest income certificate or bank statement, so that you can give correct information about it while filing income tax return. You can get tax exemption on interest income up to Rs 10,000 under section 80TTA of the Income Tax Act.
Proof of tax savings
Many taxpayers make certain tax saving investments to save tax. Those who are not able to provide these documents to their employer within the stipulated time will have to provide proof of the same while filing income tax returns. The proof of this tax saving investment can be LIC premium receipt, PPF investment passbook, ELSS proof, donation receipt and tuition fee receipt etc.
medical insurance
Under Section 80D, you can claim tax exemption on health insurance premium up to Rs 25,000. This insurance policy can be for you, your spouse or children. If you are a senior citizen, you can get tax exemption on health insurance premium up to Rs 50,000. So keep the receipts of all these with you while filing income tax return.
