My employer already pays TDS on my behalf. Why should I still do my returns?

Even if all taxes are paid on your salary, a return must be filed if you income is more than the minimum amount which is exempt. Your employer may not have deducted TDS for income you didn't tell him about say interest income. Or may not have given you deduction benefit for an investment which you did not submit a proof for. Filing your tax returns ensures that tax is calculated correctly and all deductions have been adjusted.

A return must also be filed if you want to claim a refund or carry forward a loss.

What is ClearTax?

ClearTax is the easiest way to e-File your Income Tax Return in India.

ClearTax makes e-Filing incredibly simple with great software and design.

Click here to start e-Filing for Free