Confused about income tax returns? Here are 5 easy steps to file your ITR

If your total income for the financial year 2017-18 is more than Rs 250,000, you must file your income tax return by 31st August 2018

It’s that time of the year when you have to think about filing your income-tax returns and clear all your annual tax liabilities. We are just two weeks away from the deadline of August 31. Start filing now to avoid last-minute rush! Remember, this deadline does not apply to those who have to get their accounts audited. The due date for those businesses that have to get their accounts audited is September 30. To make filing easier and for faster processing of returns for taxpayers, the income-tax (I-T) department has made e-filing mandatory.

If your total income for the financial