Knowing about the documents required for filing ITR well in advance helps you file your returns hassle-free. The IT Department has already streamlined the process by providing pre-filled ITR forms. You can file your ITR online or download the required form and upload it on the portal after completing it.
Although you have pre-filled information, you must cross-check all details to avoid making errors when filling out these forms. So, have a look at some of the essential documents required for Income Tax Return filing.
To proceed with the tax filing process in India, you need these basic documents:
Here are some of the most essential documents required for filing ITR.
One of the most important documents required for ITR filing is your PAN card. This is your identity proof, and you need to have it when filing your returns.
This is a TDS certificate offered by your employer containing the following details:
This is the main basis for filing your returns. Submitting Form 16 is mandatory if your employer has deducted tax on your behalf during a particular assessment year. This form contains two parts, which you can download from the IT portal.
As a salaried taxpayer, your salary slip is one of the important documents required for ITR filing. You need to submit the latest copies, as they contain the following essential details:
Collect Form 16A from the bank where you have booked your fixed deposit. This form is applicable if you are earning an interest income of above ₹40,000 or ₹50,000 (in the case of senior citizens) from an FD during a financial year.
If your interest income exceeds a certain limit, the bank deducts tax on it. In such cases, the bank needs to submit Form 16A.
This document acts like a passbook detailing the total taxes deposited and deducted against your PAN. You can download the document from the income tax website and verify the information. Checking the information is crucial, as you can only claim a refund if Form 26 reflects a tax refund or deposit.
Quoting your Aadhaar number is crucial when filing returns u/s 139AA of the IT Act. In case you don’t have a number but have applied for an Aadhaar card, you can quote the enrolment number on your ITR form.
If you are a salaried employee, here is the list of documents needed for Income Tax Return filing:
In addition, you need to gather information on the taxable allowance you receive and the exemption you avail on them and disclose it in the ITR form. Such allowances include house rent allowance, leave travel allowance and so on.
To avail of tax deductions on investments under Section 80C of the Income Tax Act, you need slips and receipts for all the investments made for tax-saving purposes. The following types of investments qualify for tax deduction under this section:
Moreover, you require an account statement to claim tax deductions on home loan interest under the same section. For Sections 80CCD, 80D and 80E tax benefits, you need an investment statement for the National Pension Scheme, medical insurance details and an education loan statement, respectively. To file Section 80G tax exemption details in ITR, you must have donation receipts ready.
Being informed about the process and the essential documents help you file your returns without delay on or before 31st July of a particular financial year.
Similarly, knowing which lenders offer personal loans at competitive rates helps you get immediate financial assistance during unforeseen emergencies. Fibe is one such lender offering Instant Personal Loans at affordable interest rates.
You can get quick approval in just a few minutes and avail of a loan amount of up to ₹5 lakhs to meet your financial needs. Download our Personal Loan App or visit our website now to get started.
Yes, filing an ITR is mandatory for all taxpayers in India per the Income Tax Act of 1961.
Some documents accepted as proof of income include:
Here are a few essential documents required for filing ITR:
Yes. You can file your returns online as a registered user on the e-filing portal. You can also download the common offline utility and file your returns offline.
Yes. Apart from relevant documents, such as Form 26AS and Form 16, it is mandatory for salaried taxpayers to provide salary slips when filing ITR.
No. There is no need to submit proof for ITR.
Yes. Having a PAN card is mandatory when filing your returns.
