Filing Income Tax Returns (ITR) is a statutory obligation for salaried employees whose income exceeds the basic exemption limit. This article outlines the process, documents required, and key points to remember for salaried individuals.

Who should file ITR? Salaried employees with gross total income exceeding ₹2,50,000 (₹3,00,000 for senior citizens, ₹5,00,000 for super seniors) in a financial year must file their return. Even if tax is deducted at source (TDS), filing the return helps in claiming refunds and declaring additional income or deductions.

Documents required You will need Form 16 (from employer), salary slips, bank statements, proof of tax-saving investments (e.g. under Section 80C, 80D), and details of any other income such as interest, rent, or capital gains. Keep Aadhaar and PAN handy for e-filing.

Choosing the right ITR form Most salaried individuals with income from salary, one house property, and other sources use ITR-1 (Sahaj). If you have capital gains, multiple house properties, or income above ₹50 lakh from specified sources, you may need ITR-2. Ensure you pick the correct form to avoid notices.

Steps to e-file Register on the Income Tax e-filing portal, add the relevant assessment year, select the appropriate ITR form, and fill in details from Form 16 and other documents. Compute tax and pay any self-assessment tax if due, then submit the return. After submission, verify using EVC, Aadhaar OTP, or by sending a signed ITR-V to CPC within 30 days.

Key deadlines The due date for filing ITR for individuals (other than those requiring audit) is typically July 31 of the assessment year. Late filing may attract interest and penalty. Filing on time also ensures faster refund processing and avoids last-minute rush.