Free ITR filing Online for AY 2023-24: Complete guide to e-file Income Tax Return

Income tax return

Free Income Tax Return Filing Online by Self for AY 2023-24: Every salaried individual having annual income above the basic exemption limit in FY 2022-23 is required to file Income Tax Return (ITR) for AY 2023-24. While there are several online platforms that facilitate ITR filing Online for AY 2023-24 by charging a small fee, salaried taxpayers can file their returns by themselves and without paying any fee on the Income Tax e-filing website.

When you should file Free ITR filing Online for AY 2023-24 on your own?

Most of the salaried employees are in the income bracket of Rs 5 lakh to Rs 20 lakh. Also, many of them do not have multiple sources of income, apart from salary. For such employees, filing ITR by themselves is recommended as it is free. It will also help these employees keep track of their finances from a tax perspective in future.

Read Also: Cryptocurrency in ITR: All you need to know about Crypto tax rules

When you should take the help of an Tax expert or professional for ITR filing?

If you have multiple sources of income like some side business, capital gains from stock trading and investments, rental income etc, filing ITR correctly is must. As saving some bugs can lead you to major trouble. In this case, it is recommended to take the help of experts to ensure all your details are filed correctly.

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