ITR Update: This time you are going to get big money in the form of refund for filing Income Tax (ITR File). Today we are going to tell you such a way to file tax, due to which you will get more money in your return.
Income Tax Return Filing: If you also pay Income Tax and you have not yet filed Tax File, then this is news of your work. This time you are going to get big money in the form of refund for filing Income Tax (ITR File). Today we are going to tell you such a way to file tax, due to which you will get more money in your return. For this you just have to take care of a few things. So that you can get maximum refund.
Things to be kept in mind while filing income tax return-
1. Keep in mind before choosing a tax regime
First of all, you have to take care of this time that while filing tax, the correct tax regime has to be selected. Only after this you will be able to claim for refund. Finance Minister Nirmala Sitharaman had made changes in the tax slabs in her budget speech, which you also need to check.
2. Get the bank account verified
The refund money is transferred by the Income Tax Department to the valid bank account only. If you also want to get your refund without any problem and quickly, then definitely get it verified. Along with this, file the return correctly on the portal.
3. Invest money in savings scheme
Apart from this, you can take advantage of tax exemption by investing money in central government’s savings schemes like National Pension Scheme, PPF, Sukanya Samriddhi. Apart from this, you also get the benefit of exemption on home loan interest. Apart from this, you must match the data.
4. ITR will have to be verified
You will have to verify your return after 30 days of filing income tax return, any return which is not verified is considered invalid by the government. That’s why you need to verify it.
5. File ITR before 5. date
You should always file your tax on time. This time the last date for filing tax is 31 July 2023, so you have to file tax before that. This will save you from the fine. Along with this, your refund will also come in your account on time.
