Filing Taxes Needn’t Be Taxing

By | July 22, 2018

Have you filed your ITR yet? Trust us, it ain’t a gargantuan task! Here’s how to go about it.

It’s that time of the year when you have to file your Income Tax Returns. For those of you who don’t have any idea about ITR filing, let us first warn you that July 31st is the last day to file your ITR. And from this year onwards, the rules are pretty strict.

If you fail to file your ITR by the deadline, you’ll be paying a penalty of Rs. 5,000 provided you file it before 31st December. If you file your ITR post 31st December, a late fee of Rs. 10,000 will be charged. Only Rs. 1,000 will be charged as penalty for those who have income below 5 lakhs in a year.

Anyway, we advise that you file your ITR as soon as possible. It’s a pretty simple and straightforward process. In the video above, we’ve covered everything you need to know about filing your Income Tax Returns.

For any other financial assistance, just visit us by clicking the link below.

All information including news articles and blogs published on this website are strictly for general information purpose only. BankBazaar does not provide any warranty about the authenticity and accuracy of such information. BankBazaar will not be held responsible for any loss and/or damage that arises or is incurred by use of such information. Rates and offers as may be applicable at the time of applying for a product may vary from that mentioned above. Please visit www.bankbazaar.com for the latest rates/offers.

Leave a Reply

Your email address will not be published. Required fields are marked *