File your ITR for FY 2023-24 by July 31st to avoid late fees, Gather documents, choose the right ITR form, and claim deductions to minimize your tax burden, here are steps to do it.
1
You'll need your PAN card, Aadhaar card, bank statements, Form 16 and any other proofs for income, investments.
2
The Income Tax Department website can help you identify the correct form based on your income and filing status.
3
Gather interest certificates on bank deposits, capital gains statements, and any other documents documenting your income sources.
4
If you've made any investments that qualify for tax deductions, like tax-saving mutual funds or PPF contributions collect all.
5
Keep documents handy for deductions you want to claim, such as medical bills, rent receipts, and education loan interest certificates.
6
The Income Tax Department's e-filing portal is the recommended way to file your ITR.
7
You can find the due date on the Income Tax Department website or consult a tax professional for guidance.