How to file ITR (Income Tax Return)

As per the provisions of Income Tax Act, 1961, filing of Income Tax return is a legal obligation of every Individual whose income is more than the maximum limit of non-taxable income for the financial year i.e. from 01 April to March 31 of the following year. In case of salaried class, the information about the income in the particular financial year should be supported with the form 16 (Certificate for TDS i.e. Tax Deducted at Source), which is issued by his employer at the end of every financial year.

Income Tax Department of India has already launched Internet facility for filing Income Tax Returns online.

It is very important to file income tax return before the last date of return filing or you have to pay interest on tax due to the government.

It’s imporant to note that every tax payer will have an unique number called PAN.

So, what is PAN?

Permanent Account Number, in short called us PAN is a 10 digit number which is used by Income Tax Department to identify a tax payer. Through this number income tax department can get information about the person.