ITR 2025: 7 Key Tips For Salaried Taxpayers
Image: Unsplash
28 June 2025
Tax Regime Selection: The new tax regime is now the default; to opt for the old regime with deductions, inform your employer in advance
Image: Unsplash
Form 16 Verification: Obtain Form 16 from your employer and verify all details, including TDS and salary information, for accuracy
Image: Unsplash
Cross-Check with Form 26AS: Ensure the TDS details in Form 16 match those in Form 26AS to avoid discrepancies
Image: Unsplash
Investment Considerations: Even if certain investments don't offer tax deductions, they can be beneficial for long-term wealth creation
Image: Unsplash
HRA Exemption: If eligible for substantial House Rent Allowance (HRA) exemption, the old tax regime may be more beneficial
Image: Unsplash
Appropriate ITR Form: Use ITR-2 if you have capital gains or income from more than one house property; otherwise, ITR-1 may suffice
Image: Unsplash
Reporting Other Income: Declare all additional income sources, such as interest from savings accounts or fixed deposits, to ensure compliance
Image: Unsplash
Check More Stories
Image: Reuters
Image: Unsplash
Image: Unsplash
ndtv.com