Income tax filing season creates stress for many salaried individuals — not because tax payment is difficult, but because no one explains things in simple words. Forms, documents, old regime, new regime… everything sounds complicated.
Let’s make it easy.
Every salaried employee has two choices while filing returns:
💠 New Tax Regime — lower tax rate but fewer deductions
💠 Old Tax Regime — larger deductions and exemptions but higher tax rate
The right option depends on your investments and savings.
If you use Section 80C, NPS, home loan interest, life insurance, medical insurance etc., the old regime may save more tax.
If you don’t claim many deductions, the new regime is usually better.
To file ITR smoothly, keep these ready:
✔ Form 16
✔ Bank statement
✔ Investment proofs
✔ Rent receipts (if applicable)
✔ Medical insurance premium receipts
The earlier you file your return, the easier it is to correct errors and avoid last-minute stress. Income tax filing isn’t just about paying tax — it builds your financial credibility for future home loans, business loans and visa applications.
Your job earns your income, but timely tax filing protects it.