ITR Filing Step by Step Guide

As per income tax laws, ITR must be mandatorily filed if a resident individual's total income during the financial year exceeds the basic exemption limit.

As per income tax laws, ITR must be mandatorily filed if a resident individual's total income during the financial year exceeds the basic exemption limit.

If an individual opts for the new, concessional personal tax regime, then his/her basic exemption limit will be Rs 2.5 lakh, irrespective of age.

ITR filing documents you need for FY 2020-21

Form 16 is a TDS certificate issued to you by your employer providing details of the total salary paid to you less of tax exemptions you are eligible for, and tax deducted on it

Interest income and TDS certificates/Form 16A from banks and post office

TDS certificates from other incomes

Form 26AS is your consolidated annual tax statement. This is like your tax passbook which has information of all the taxes that have been deposited against your PAN

Choose ITR Form Wisely depend upon your eligibility and requirement.

Visit Income Tax Website with proper signup you can file for ITR

Check Claim Deduction Wisely 

Do ITR Verification

Track Refund Status after Intimation Notice