Income Exceeding ₹2.5 Lakhs: Salaried individuals in Odisha with an annual income above ₹2.5 lakhs are legally required to file an Income Tax Return under the Income Tax Act.
Job Change or Multiple Employers: If you switched jobs or worked with more than one employer during the financial year, filing ITR helps consolidate total income and tax deducted at source (TDS).
Tax Deductions under 80C, 80D, etc.: To claim deductions on investments, insurance, tuition fees, and other eligible expenses, ITR filing is mandatory.
TDS Deducted but No Return Filed: Even if TDS is already deducted by your employer or bank, filing ITR is essential to claim refunds and maintain proper tax compliance.
Requirement for Loans or Visas: ITR acts as reliable income proof and is a compulsory document while applying for home loans, personal loans, or visas.
Additional Income Sources: If you have income from interest, house rent, or dividends besides salary, you must file ITR to report all sources accurately.
ITR Filing for Salaried in Odisha
Filing Income Tax Returns (ITR) is now simpler and more accessible for salaried individuals in Odisha. If your annual income exceeds ₹2.5 lakhs, filing ITR is mandatory under the Income Tax Act. Timely filing ensures smooth processing of tax refunds, accurate record of income, and hassle-free loan or visa approvals. Odisha residents with salary income can easily file using ITR-1 (Sahaj), especially if there are no capital gains or business income.
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