Documents Required to File Income Tax Return

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  • Last Updated on 7 January, 2021

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While tax return filing date is nearing, it’s very important and useful to know what all documents you require to file your income tax return. Filing for income tax return is a legal process which is administered by Income Tax Department of India. Documents are very important in this process to prove your source of income and savings to get an exemption from levied income tax. For each part, you need to have a formal prescribed document.

Documents required for Income Tax Return Filing in India:

Some of the general documents that every individual filing for income tax return required are as below – • PAN Card copy • Aadhar Card copy • Bank Account Number with IFSC Code  • TDS Certificates like Form 16, 16A, 26AS etc. • Tax Payment Challan for self-assessment or advance tax paid by you. • In case you are filing a revised return or filing a return in response to any notice that you have received from income tax department, then you need to keep a copy of the original return and copy of the notice for further reference.

In addition to above, one would also require detailed documents of any tax saving investments. This could include one or many of below-mentioned documents –

• ELSS Document (Equity Linked Saving Scheme) – 

Under this you can invest up to an amount of 1.5 lakhs u/s 80C into ELSS and get tax exemption for that amount.

• Sukanya Samridhi Yojana Scheme – 

Under this as well you can invest up to an amount of 1.5 lakhs u/s 80C and get tax exemption for the invested amount.

• Medical Insurance – 

This amount can be exempted from your salary up to certain limit to calculate your taxable salary.

• PPF Passbook – 

You can save an amount of 1.5 lakhs every year into your PPF account and get a tax exemption from your taxable salary under section 80C.

• Tax Saving FD – 

You can again claim a tax rebate of an amount limiting to 1.5 lakhs invested into a tax saving FD (FD with tenure of 5 years) under section 80C.

• Loan Repayment Certificates – 

You can claim tax rebate for your home loans and education loans repayments. You may need loan repayment certificates in order to calculate principal and interest portion on loan repayments.

• Senior Citizen Savings Scheme – 

You can claim deduction of upto Rs. 1.5 lakh per annum under section 80C for an amount deposited under Senior Citizen Saving Scheme.

• Tuition Fee Receipts for your Children – 

Payment of tuition fee upto Rs. 1.5 lakh can be claimed as deduction under section 80C.  

• Donation Receipts – 

You can also get tax exemptions for any donation made by you to authorized NGO, trust, temple, etc. under section 80G.

In case you are in employment, you need to submit proof of all your investment with your employer so as to enable employer to compute your accurate taxable salary and deduct tax on it. In case you are self-employed then you are not required to submit investment proof to anyone. You just need to keep them save and provide only when asked by the Income-tax officer.

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