BENGALURU: We always remember our first jobs and when we start thinking of spending our first salary, we remember about taxes that should be paid every year. Here are some simple tips which will help you understand taxes from a beginner’s point of view, according to firstpost.com.

Tax Returns Verification:

Always remember that your Tax Return filing process is not completed until you have verified your tax return. Verification can be done via sending a paper document to the Income Tax Department/verifying it electronically. Your return can be verified through the income tax department’s official website only if your total annual income is lower than 5,00,000. People who are not seeking a refund can also electronically verify by linking their Aadhaar card on the department’s website.

E-Filing of Your Tax Return:

People who are seeking a refund must e-file their tax return because there is no other way to get your refunds. Also you need to submit proof of your tax returns which can help you get loans. E-filers have made this process extremely simple and easy so that you can be done with your e-filing of tax returns in a matter of minutes.

Read More: 6 Ways Credit Or Debit Cards Can Bring You Tax Relief

Small Stocks Give Big Returns To Investors; Outshine Blue-Chips