Salaried Employees – 7 Common Mistakes to Avoid While Filing ITR

Introduction:

If you’re a salaried employee, filing your income tax return (ITR) may seem simple—but small mistakes can lead to notices or even penalties. At Pallan Associates, we’ve identified the most common errors that can derail your ITR and how you can steer clear of them.

Top 7 Mistakes to Avoid in ITR Filing:

  1. Using the Wrong ITR Form: If you have capital gains or more than one house property, ITR-1 is not the right choice.
  2. Working with Two Employers? Disclose All Income: Many employees who switch jobs during the year fail to combine income from both employers. The tax department already knows about both through Form 26AS and AIS.
  3. Assuming TDS Means No Return Filing: Just because TDS is deducted doesn’t mean you’re exempt from filing. If your gross income exceeds the basic exemption limit, ITR filing is mandatory.
  4. Not Reconciling Form 16, Form 26AS & AIS: Always cross-verify your salary, deductions, and TDS with these official records.
  5. Missing Interest Income: Bank interest (savings, FDs, RDs) must be reported, even if TDS is already deducted.
  6. Forgetting Deductions: Maximize benefits under Sections 80C, 80D, 80G, HRA, and others.
  7. Entering Incorrect Personal Details: Errors in PAN, bank details, or email IDs can delay refunds or trigger verification requests.

Quick Tips for Hassle-Free ITR Filing:

Keep all documents: Form 16, salary slips, bank statements, investment proofs.

File early to avoid last-minute errors.