Understanding the Basics of ITR Filing for Beginners

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 If you’re filing your Income Tax Return (ITR) for the first time, the process can seem confusing. But once you know the basics, it’s easier than you think. ITR filing is mandatory if your annual income exceeds the exemption limit. Start by choosing the right form based on your income type, like ITR-1 or ITR-2. Keep your PAN, Aadhaar, Form 16, and bank details handy. File online using the Income Tax portal. E-verification completes the process. Don’t wait till the deadline—late filing can attract penalties. Remember: ITR filing is your financial responsibility and proof of income.


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