How to prepare to file your taxes
To prepare yourself for the online income tax returns filing process, here we bring you some information about the documents you will need at the time.
Step 1. Get Form 16 from your employer.
Step 2. Check your TDS status so that you know if there is any tax due. Do so by registering and logging on to the income tax website - www.incometaxindiaefiling.gov.in. Under ‘My account’ click on ‘View Form 26AS’.
Step 3. Make sure you have other information and papers like interest income, charity contribution and details for exemptions like HRA, health insurance premium, etc. that have not been considered by your employer.
Step 4. Go through the latest tax slabs and exemption limits before starting with the calculations.