Filing your Income Tax Return (ITR) for the Assessment Year (AY) 2024-2025 is essential for claiming TDS refunds and saving on income tax through various deductions and exemptions. This blog provides a step-by-step guide on the importance of filing ITR, the process involved, key deductions available, benefits of timely filing, and the consequences of non-compliance. Ensure you follow these steps to manage your tax liabilities efficiently and enjoy a hassle-free financial year.

This guide provides a comprehensive overview of TDS refund claims and eligibility checks. Learn how to file a TDS refund claim and understand the importance of TDS in income tax returns. Get detailed information on the components of Form 16 and Form 16A and how they are used in TDS refund claims.