ITR Filing Tripura, Income Tax Return for Salaried Employees, Easy ITR Filing, Tax Compliance FY 2024-25, Salaried ITR Guide
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Ready Your ITR Filing For Salaried Person with Auriga Accounting
Auriga Accounting has a team of registration experts who can provide complete guidance to register your ITR Filing for Salaried in Tripura.
Our team of experts will get in touch with you and collect all necessary documents and details
We fill out and file your application for ITR Filing
Ready Your ITR Filing for Salaried in Tripura
Auriga Accounting has a team of registration experts who can provide complete guidance to register your ITR Filing for Salaried in Tripura.
Our team of experts will get in touch with you and collect all necessary documents and details
We fill out and file your application for ITR Filing
Ready Your ITR Filing for Salaried in Tripura
Filing an Income Tax Return (ITR) is a legal obligation for all salaried individuals in Tripura whose income exceeds the basic exemption limit as defined under the Income Tax Act, 1961. Thanks to the simplified ITR-1 Sahaj form and the user-friendly Income Tax e-Filing Portal, the process of ITR filing in Tripura has become faster, digital, and much more convenient for salaried taxpayers.
Timely submission of your ITR ensures complete tax compliance, helps avoid late filing penalties under Section 234F, and enables you to claim deductions under Section 80C, 80D, and other eligible tax-saving provisions. It also supports financial activities like loan approvals, visa applications, and facilitates quicker income tax refunds. Whether you are a new filer or a regular taxpayer, this comprehensive salaried ITR filing guide for Tripura ensures a smooth and accurate filing experience for FY 2024-25 (AY 2025-26).
Income Above Basic Exemption Limit: Salaried individuals in Tripura earning more than ₹2.5 lakh per year (under the old tax regime) must file an Income Tax Return (ITR) as per the Income Tax Act, 1961. This is the minimum threshold for mandatory ITR filing for salaried taxpayers.
Eligibility Under New Tax Regime: If you’ve chosen the new income tax regime, ITR filing is still compulsory when your taxable income exceeds the prescribed limit or if TDS (Tax Deducted at Source) has been deducted from your salary. This ensures complete tax compliance under government norms.
Having Other Income Sources: Salaried persons earning additional income—such as interest from savings, fixed deposits (FDs), rental income, or capital gains—are required to file an ITR in Tripura to disclose all sources of income under the applicable income tax slab.
TDS Deducted from Salary: If your employer has deducted TDS (as shown in Form 16), you are required to report this through ITR filing online via the Income Tax Portal. This helps track tax already paid and avoid future notices.
Need to Claim Tax Refund: If excess tax has been deducted, ITR filing for salaried employees in Tripura is necessary to claim your income tax refund for FY 2024-25 (AY 2025-26). Timely filing helps ensure faster refund processing.
Applying for Loan or Visa: Filing ITR, even if your income is below the exemption limit, is useful when applying for home loans, education loans, personal loans, or visa applications, as it acts as credible proof of income and financial history.
Foreign Assets or Global Income: If you own foreign bank accounts, foreign property, or earn overseas income, you must file an ITR—even if your income is below the threshold. This is a legal requirement under Indian tax law and part of the ITR compliance for salaried residents in Tripura.
Ensures Legal Income Tax Compliance: Filing your Income Tax Return in Tripura ensures full compliance with the Income Tax Act, 1961, helping salaried individuals avoid penalties under Section 234F and maintain a clean tax record.
Quick TDS Refund Processing: Timely ITR filing for salaried employees in Tripura speeds up TDS refund processing, ensuring that any excess tax deducted is returned directly to your linked bank account.
Recognized Income Proof for Loans & Visas: A filed ITR acts as official proof of income for salaried professionals applying for home loans, car loans, education loans, and visa approvals from government and financial institutions.
Maintains Strong Financial History: Your filed ITRs form a reliable financial record, helping you build creditworthiness, improve CIBIL scores, and create transparency for future financial planning.
Easy Claim of Tax Deductions & Exemptions: Claim all eligible tax deductions under Section 80C, 80D, 80G, and more, including investments in LIC, PPF, ELSS, NPS, and health insurance.
Supports Investment and Asset Verification: Most banks and real estate transactions require last 2-3 years’ ITRs for property purchase approvals, investment verifications, and loan disbursals.
Avoids Late Filing Penalties & Tax Notices: Timely ITR filing protects against late fee penalties under Section 234F and interest liabilities under Section 234A, reducing the risk of ITR scrutiny.
Mandatory for Foreign Income or Asset Reporting: If you hold foreign bank accounts, investments abroad, or earn global income, ITR filing is mandatory under Indian tax law, ensuring proper foreign asset disclosure.
Form 16 (TDS Certificate): Provided by your employer, Form 16 contains details of your annual salary, tax deductions, and TDS. This is the key document for filing ITR for salaried individuals in Tripura.
PAN Card: A valid Permanent Account Number (PAN) is required to access the Income Tax e-Filing Portal, file your return, and complete the e-verification process.
Aadhaar Card: Your Aadhaar number is necessary for identity confirmation and is commonly used to e- verify the ITR through OTP authentication.
Salary Slips: Monthly salary slips help confirm components like basic pay, HRA, LTA, and other allowances, ensuring accurate income disclosure in your return.
Bank Account Statements or Passbook: Useful to track salary deposits, report any interest earned on savings accounts, and provide account details for receiving ITR refunds.
Form 26AS (Tax Credit Statement): This consolidated tax statement reflects all taxes deducted (TDS), advance tax payments, and self-assessment tax. It’s essential for cross-verifying the details in Form 16.
Annual Information Statement (AIS): AIS offers a detailed view of high-value financial transactions such as interest income, dividends, stock sales, and mutual fund activity.
Investment Proofs for Deductions: To claim deductions under sections like 80C and 80D, submit receipts for LIC premiums, PPF deposits, ELSS investments, NPS contributions, and health insurance.
Home Loan Interest Certificate: If you’re availing deductions for a home loan under Section 24(b) and 80C, obtain the annual interest certificate from your bank or housing finance company.
Rent Receipts for HRA Claim: To claim House Rent Allowance (HRA), you need to provide rent receipts with landlord details, including PAN if annual rent exceeds ₹1 lakh.
As per Budget 2025, income up to ₹12,00,000 will have zero tax liability under the new tax regime for FY 2025-26 (AY 2026-27). The updated tax slabs are as follows:
Revised Tax Slabs & Rates
Annual Income | Tax Rate |
Up to ₹4,00,000 | NIL |
₹4,00,001 – ₹8,00,000 | 5% |
₹8,00,001 – ₹12,00,000 | 10% |
₹12,00,001 – ₹16,00,000 | 15% |
₹16,00,001 – ₹20,00,000 | 20% |
₹20,00,001 – ₹24,00,000 | 25% |
Above ₹24,00,000 | 30% |
When it comes to financial management and tax obligations, diligently filing the Income Tax Return (ITR) is an essential step for salaried employees. Submitting the ITR is not only crucial for ensuring legal compliance but also aids in effective financial planning.
A salaried employee is someone who earns a fixed monthly salary from an employer in exchange for their services. This income comprises the base salary, perks, allowances, and various other benefits. According to the Income Tax Act of 1961, it is mandatory for every salaried employee to file an ITR and pay income tax after accounting for all applicable exemptions and deductions.
ITR Filing Due Date for Non-Audit Cases: Salaried individuals in Tripura who are not subject to a tax audit must file their Income Tax Return (ITR) for the financial year 2024–25 by 31st July 2025. Filing before the due date ensures smooth compliance and faster income tax refund processing.
Late Filing Penalty – Section 234F: If the return is filed after the deadline, a late fee of up to ₹5,000 may be imposed under Section 234F of the Income Tax Act. Avoiding delays helps prevent unnecessary penalties and interest charges.
ITR Due Date for Audit Cases: If a salaried individual also has business income or professional income requiring a tax audit, the ITR filing due date is extended to 31st October 2025.
Revised Return Deadline: In case of any mistakes or omissions in the original return, a revised ITR for FY 2024–25 can be submitted by 31st December 2025.
Step 1: Collect All Required Documents: Start by gathering key documents like Form 16, PAN card, Aadhaar card, salary slips, bank statements, Form 26AS, and proof of investments eligible under Sections 80C, 80D, etc.
Step 2: Select the Correct ITR Form: For most salaried individuals in Tripura, ITR-1 (Sahaj) is applicable. Use a different form only if you have income from capital gains, multiple properties, or freelance work.
Step 3: Log in to the Income Tax Portal: Visit the official website at www.incometax.gov.in. Use your PAN as your user ID and your account password to log in.
Step 4: Check Pre-Filled Information: Review the pre-filled ITR form for accuracy. Verify your personal details, salary income, TDS data, and any automatically captured deductions.
Step 5: Enter Additional Income and Deductions: Add income from other sources (e.g., interest on savings, rental income) and enter tax-saving investments not pre-filled, to maximize your deductions.
Step 6: Calculate Your Tax or Refund: Use the portal’s tool to automatically compute your tax liability or any refund amount based on the information entered.
Step 7: Pay Outstanding Tax (if applicable): If any balance tax is payable, pay it online using Challan 280. Enter the challan details in your return before final submission.
Step 8: Submit Your Income Tax Return: Once all data is validated and reviewed, submit your ITR online through the e-Filing portal.
Step 9: Complete e-Verification: Finalize the process by completing e-verification using Aadhaar OTP, net banking, or bank account EVC. This step is mandatory to complete ITR filing.
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