Beginner's Guide: Simple Tips Which Will Help You Understand Taxes
Curiosity about Your Original Documents:
Do not be worried about how to send a copy of proof of investment/deduction to the tax department because you don’t have a need to send them to anybody. Your return is called an ‘annexure less’ return which means no one wants you to submit proofs but you must stock them carefully in your own records as you may need it to submit once you have been done with e-filing.
Deductions Done:
If you are a salaried employee then you may wonder what all deductions have been made in your first pay cheque but you have heard them of as stuff that lowers your taxes. You thought it right because such things are always good for you and a lot of these deductions don’t need money to be invested. Your employer has deducted Employee Provident Fund (EPF) which can be claimed as stated in Section 80C.
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