Income Tax: Make note of these 5 key points if you are a salaried taxpayer

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income tax (I-T) returns is approaching fast, taxpayers must be scouting for documents, forms and necessary information to be able to file their tax return as soon as they can. Before filing your tax return, make sure that you have linked your aadhaar with your PAN.

The bank account where you want to receive your refund should have been validated. Here, we give a lowdown on some of the important details that salaried taxpayers need to file their income tax return (ITR).

ALSO READ | Taxes in real estate not high compared to all subsidies': Deepak Shenoy counters broker's queries to FM on high taxes If you are a salaried taxpayer, make note of the following points: Make sure to choose the correct ITR form before you file the return. Else, the return would amount to defective return, and you will have to file a revised ITR again using the correct form.

You have to file ITR-1 to file income tax return if you are a salaried taxpayer. ITR-1 can be filed by a resident individual whose total income does not exceed ₹50 lakh during the financial year and the income is from salary, one house property, family pension income, agricultural income (up to ₹5,000) and other sources which include interest from savings accounts, interest from deposits and interest received on enhanced compensation or family pension.

It is important to remember that ITR-1 cannot be filed by an individual who is a resident not ordinarily resident and non-resident Indian, has total income exceeding ₹50 lakh, has income from lottery, racehorses, legal gambling, has taxable capital gains (short term or long term) and also if you invested in unlisted equity shares, and has income from more than one house property. You need to download AIS (Annual Information