Haven't filed I-T return yet? You could be losing out on these 10 benefits

Not only citizens with income above basic exemption limit, those with income below it are also advised to file ITR on time

In a relief for salaried tax payers, the government recently extended the date for filing income tax returns (ITR) by one month till August 31. Filing ITR is a must for any responsible citizen earning an income. As per government records, around 68 million income tax returns were filed during FY 2017-18, compared to 54 million filed during FY 2016-17. The number is expected to rise further this year. However, many people in India still don't file return despite getting remuneration. 

It is mandatory to file tax return if your taxable income falls above the basic exemption threshold of Rs