6 STEPS TO FILE INCOME TAX RETURN BY SELF FOR AY 2024-25

Filing ITR yourself saves money and builds financial knowledge. Read on to know six steps to help you file ITR for AY 2024-25

Written by - Prathyush Gupta   Designed by- Prince Kumar

Photo Credit: Pexels

The due date for ITR (AY 2024-25) is July 31st, 2024. Start prepping early! Photo Credit: Pexels

Gather documents like Form 16, bank statements, investments, rent receipts, etc. Photo Credit: Pexels

Salaried? Check your Form 16 details against pay slips. Get corrections if needed. Photo Credit: Pexels

Reduce your tax bill! Claim deductions under sections like 80C and 80D. Photo Credit: Pexels

Choose the right ITR form based on your income sources and taxpayer category. Photo Credit: Pexels

Verify tax sources! Download Form 26AS and AIS to check TCS/TDS match bank statements. Photo Credit:  Pexels

Old vs. New Tax Regime: Choose wisely! Analyze deductions and tax rates for maximum savings. Photo Credit: Pexels

Verify your ITR filing within 30 days to avoid penalties. Use Aadhaar OTP, signed copy, or net banking. Photo Credit: Pexels

Verifying your ITR in 30 days ensures a smooth filing process and avoids last-minute problems.

Want to take control of your finances and learn the science behind managing your money. The 1% Club can help. Details Below