ITR Deadline: Now only 16 days left in ITR filing, need these important documents, otherwise the work will get stuck! – only 16 days are left documents needed to file income tax return
[ad_1]
Form-16 is most important
Form-16 is the most important document for all employed people, with the help of which ITR is filed. This document is given to any employee on behalf of his company. Every company is required to issue it before June 15. In this, there is complete information about the deduction of tax from the salary of the employee, as well as the information about the salary given. Let us tell you here that it is necessary for every employer to give Form-16 to his employee. It consists of two parts. The information related to this is already present in the ITR form. You have to match it.
Form 26AS will help
This form is issued by the Income Tax Department. It contains complete information about the tax levied on the income of any taxpayer. It can be extracted from the Income Tax Department’s website by entering your PAN number. If you want, you can also compare your Form-16 and Form 26AS to see whether the tax deduction is same at both the places or not. Many a time Form 26AS does not reflect the TDS deducted due to wrong PAN or assessment year. If this happens you will not be able to claim for it.
Interest income certificate
If you have made an FD in a bank or post office or have deposited money in any other interest-bearing scheme, then it is necessary to keep a certificate of interest income or a bank statement, so that you can get the correct information while filing income tax return. Can fill You can get tax exemption on interest income up to Rs 10,000 under Section 80TTA of the Income Tax Act.
Tax saving proof
Many people do some tax saving investments to save tax. Those who are unable to provide these documents to their employer within the stipulated time, need to provide proof of the same while filing income tax return. This tax saving investment proof can be LIC premium receipt, PPF investment passbook, ELSS proof, donation receipt, tuition fee receipt etc.
medical insurance document
Under section 80D, you can claim tax exemption on health insurance premium up to Rs 25,000. These insurance policies can be for you, for your spouse, for children. If you are a senior citizen, you can get tax exemption on health insurance premium up to Rs 50,000. So keep all these receipts with you while filing income tax return.
[ad_2]
Source link