scorecardresearchIncome Tax Filing: Here's why you must file returns before July 31

Income Tax Filing: Here's why you must file returns before July 31

Updated: 04 Jul 2022, 02:57 PM IST
TL;DR.
If you have had tax deducted at source deducted from your salary, you can claim the same, and it would be refunded to your bank account
You may be charged a penalty of  <span class='webrupee'>₹</span>5,000 if you are liable to pay tax but haven’t paid it and haven’t filed ITR.&nbsp;

You may be charged a penalty of 5,000 if you are liable to pay tax but haven’t paid it and haven’t filed ITR.