The last date to file income tax returns (ITR) this year is July 31. If you are a Gen Z and filing your ITR for the first time, it might become a daunting process.
However, in recent years, the process has become much easier. With all the necessary documents in place, it can be completed in as little as 30 minutes. It is recommended to file tax returns as early as possible to avoid potential last-minute mistakes. Additionally, filing returns after the deadline may result in penalties.
For salaried individuals filing income tax returns for the first time, here are some crucial points to keep in mind.
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