Many salaried employees think that since tax is already deducted from their salary (TDS), filing ITR is not needed. That’s not true.
Here’s why you should file your return:
- Claim a Refund: If extra tax is deducted, you can get it back.
- Avoid Penalties: Not filing ITR can lead to late fees and notices.
- Income Proof: ITR works as proof when applying for loans or visas.
- Financial Record: Filing ITR builds a track record of your income.
- Carry Forward Losses: Some losses (like stock market losses) can only be carried forward if you file ITR on time.
Income tax return filing for salaried employees is more than just a formality. It’s a way to stay legally compliant, claim what’s rightfully yours, and keep your finances in order. The process is simpler than ever—and with the right help, it only takes a few minutes.
Don’t wait until the last moment. Start your ITR filing today and stay stress-free.