What is the income tax return last date and its procedure?

By default the due date for filing income tax return for individuals is 31st July every year. For the AY 2022–23, the due date is 31 July 2022.

The procedure is summarising all the income earned during the FY 2021–22 and computing tax thereon after providing tax benefits/ deductions.

There are several tax-saving options available which include investing in LIC and tax-saving mutual funds, payment of education fee, health insurance premium etc.

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