Income Tax Return Filing for Salaried Employees for A.Y. 2024-25

Income Tax Return Filing for Salaried Employeees has been opened for A.Y. 2024-25. File it Before Last date 31st july and claim refund of deducted TDS. wondering how to file your income tax return for the assessment year 2024-25? fret not, as we have got you covered with all the information you need to successfully file your taxes and stay compliant with the law. Contact our Experts

Pricing Summary

for AY 2024-25

₹ 999/-

Computation
ITR acknowledgment
Filed ITR form

Income Tax Return Filing for Salaried Employees: A Comprehensive Guide

Filing your income tax return is a mandatory requirement for every salaried individual in India. It is a process where you disclose your total income earned during the financial year and pay taxes accordingly to the government. The assessment year refers to the year immediately following the financial year for which the taxes are being calculated.

Understanding the Basics

Before diving into the filing process, it’s essential to understand the basics of individual income tax in India. In India, individual taxpayers are required to file their income tax returns annually if their total income exceeds the basic exemption limit. The basic exemption limit varies depending on the age of the taxpayer and their residential status.

Income Tax Return Filing Fee

_________

₹1499 ₹ 999/-

Comptation
ITR acknowledgment
Filed ITR form

Documents Require for ITR filing

Income Tax Portal User Id and password - If Remembered
Taxpayer PAN card
Taxpayer Adhaar card
Taxpayer Bank Statement
Taxpayer Email ID and Mobile Number
Form 16 (if Have)
Tax Saving Investment detail (if any)

Income Tax Return filing last date for Salaried Employees

ITR filing last date for Financial Year 2023-24 (AY 2024-25) is July 31, 2024. However, if you miss filing within the due date, you can still file a belated return before December 31, 2024.

Income Tax Return Filing procedure for Salaried Employees

Filing your income tax return online has made the process much more convenient and efficient. Here are the steps to file your tax return online for A.Y. 2024-25:

Register on the income tax department’s e-filing website.
Verify your PAN card details.
Choose the appropriate ITR form based on your income sources.
Fill in the required details such as income, deductions, and taxes paid.
Verify the data entered and calculate the tax payable/refund due.
Upload the form and submit it.

Benefits of Filing Income Tax Return on time

Filing your income tax return not only ensures compliance with the law but also offers several benefits:

Avoid penalties and legal consequences for non-filing.
Claim tax refunds if you have paid excess taxes.
Facilitates loan approvals and visa applications.
Builds a transparent financial record with the government.

Filing your income tax return as a salaried employee for A.Y. 2024-25 in India is a crucial task that should not be overlooked. By following the steps outlined in this article and staying informed about the latest changes in tax laws, you can ensure a smooth and hassle-free filing process. Remember, timely and accurate tax filing is not just a legal requirement but also a step towards financial well-being and accountability. So, don’t delay, start your tax filing process today!