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Every salaried person works hard throughout the year, pays taxes, and yet when it’s time to file the Income Tax Return (ITR), many either postpone it or avoid it altogether. But filing your Salaried ITR is more than just a legal formality — it’s a smart financial habit that protects your money, secures your future, and keeps your financial record clean.
Salaried ITR Filing is the process of submitting your annual income, tax deductions, exemptions, and net tax liability to the Income Tax Department of India if you are earning a salary. This is done using specific forms like ITR-1 (Sahaj) or ITR-2, depending on your income and sources.
The ITR form captures all your salary income, investments, TDS (Tax Deducted at Source), exemptions like HRA, 80C deductions, and other incomes such as interest from savings accounts or capital gains. Even if tax has already been deducted by your employer, filing the ITR is still mandatory in many cases, especially if your total income exceeds the basic exemption limit, you want to claim refunds, or you fall under specific compliance requirements.
Filing your ITR is not just about ticking off a yearly task — it builds your financial reputation, helps you get quick refunds, and ensures you stay compliant with tax laws. It’s also required for applying for loans, visas, and even for government jobs or immigration in some countries.
CallmyCA offers simple, secure, and expert-backed filing for salaried individuals across India.
Even if TDS is already deducted, you may be eligible for refunds if you’ve invested in tax-saving instruments or if excess tax was deducted. Filing ITR is the only way to get it back.
As per the Income Tax Act, it is mandatory to file an ITR if your income exceeds the exemption limit. Filing it keeps you on the right side of the law.
Consistently filing ITRs improves your financial profile and is often required by banks and institutions when evaluating your loan or credit card application.
Embassies of countries like the USA, UK, Canada, and Schengen nations often ask for ITRs of the last 2–3 years during visa processing as proof of financial stability.
Salaried individuals, especially those switching jobs or applying for rentals or education loans, can use their ITR as reliable income proof.
If you have any capital losses (say from mutual funds or shares), filing ITR on time lets you carry forward those losses and set them off against future gains.
Missing the due date can lead to a penalty under Section 234F and also invite scrutiny from the tax department.
Filing ITR helps justify high-value investments or purchases (like real estate or gold), as your income details are officially recorded.
Many government schemes or subsidies may require proof of tax returns to verify income eligibility.
Yes, if your gross income exceeds ?2.5 lakhs (under 60 years), ?3 lakhs (60–80 years), or ?5 lakhs (above 80), you must file ITR. Even if your income is below that, you should file to claim refunds or maintain a financial record.
ITR-1 (Sahaj) is used if you have income from salary, one house property, and income from other sources. If you have capital gains, multiple properties, or foreign assets, ITR-2 applies.
Usually, the due date is 31st July of the assessment year. However, it is extended by the government till 15th September.
Yes, you can file ITR without Form 16 by using salary slips, bank statements, and your own tax computation, but it is advisable to keep records in place.
You can file a belated return till 31st December of the assessment year, but a late fee of up to ?5,000 may apply, and you may not be able to carry forward losses.
No, ITR filing is 100% online. You do not need to submit physical documents but must retain them for reference or in case of scrutiny.
You get an ITR-V acknowledgement. If e-verification is pending, you must complete it. After that, the IT Department processes your return and issues any applicable refund.
Generally, within 7 to 45 days after processing — if everything is in order. Delays may occur due to mismatch in data or verification issues.
Yes. FD interest is added to your total income and taxed as per the slab. You can declare it in your ITR under “Income from Other Sources.”
You can file it yourself if your income sources are simple. But if you have multiple deductions, property, investments, or errors in Form 16, it’s safer to consult a CA to avoid mistakes.
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