July 31, last date for filing income tax return

July 31, 2009 is the last day for individuals to file their income tax returns. Many salaried individuals do not file their returns because the Tax is Deducted at Source (TDS) by the employer from their monthly salary. However, it is mandatory by law for individuals to file their income tax returns if the total income earned during the financial year exceeds the basic exemption limit independent of the TDS as explained above. The following documents are required for salaried individuals at the time of filing the returns: Form 16 Copy of supporting documents if you have claims for exemption under Section 80C.

---

Yahoo! recommends that you upgrade to the new and safer Internet Explorer 8.