An Income Tax Return (ITR) is a form that taxpayers use to report their income details and tax payments to the Income Tax Department.
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Table of Content
- Income Tax Return – Salary
- Benefits of Filing Salary ITR
Income Tax Return – Salary
An Income Tax Return (ITR) is a form that taxpayers use to report their income details and tax payments to the Income Tax Department. There are seven different ITR forms available for ITR e filing: ITR 1 through ITR 7. The appropriate form for a taxpayer depends on various factors, including their sources of income, the total amount earned, and the type of taxpayer they are (such as individuals, Hindu Undivided Families (HUFs), companies, etc.). Each taxpayer must accurately complete and submit their income tax filing by a specified deadline to comply with tax law.
If your total annual income exceeds the basic exemption limit, you are required to file an income tax return.
Income Tax E-Filing – Salary Eligibility:
Income Threshold Crossed
Your gross total income (before deductions under 80C to 80U) exceeds the basic exemption limit:
💰 Basic Exemption Limits (FY 2024–25 / AY 2025–26):
Benefits of Filing Salary ITR:
1. Legal Compliance :
- It’s a legal obligation if your income exceeds the exemption limit.
- Avoid penalties under Section 234F for late or non-filing.
FAQs for Shop and Establishment Registration
Yes, if your income exceeds the exemption limit (₹2.5L/₹3L/₹5L depending on age).
Yes, but you’ll need your salary slips, 26AS, and AIS to fill in details manually.
You can file a belated return by 31st Dec 2025, but with a late fee.
Yes. You must e-verify within 30 days to complete the process.
Yes, salaried individuals can choose a regime each year while filing ITR.
Yes, especially if you want to claim refunds or fulfill legal requirements.
Use ITR-1 if income ≤ ₹50L and no capital gains/multiple properties.
Use ITR-2/3 for other cases.
Yes, through the official portal or with help from a tax expert.
Yes, you can revise your return any time before 31st December 2025 for AY 2025–26.
• PAN & Aadhaar
• Form 16
• Salary slips
• Bank statements
• Investment proofs (for deductions)
• Form 26AS and AIS
Yes, most embassies and banks ask for ITRs for the last 2–3 years.
Only under Updated Return (u/s 139(8A)) within 2 years from the end of the assessment year—with additional tax.
Yes. You must disclose all sources of income, including:
• Interest from FDs/savings
• Rental income
• Capital gains
You can file a revised return before the deadline to correct it.
Possibly yes. If your income exceeds limits, or high-value transactions are reported, the IT Dept. may issue a notice.
Yes! The Income Tax India mobile app and website support mobile-friendly e-filing.
Related Business Registrations
In addition to registration or incorporation, a business may require other registrations depending on the business activity undertaken. Talk to an Advisor to find out registrations your business may require post registration.
EPF
Registration
Profession Tax Registration
startup India Registration
