Is it mandatory to file ITR?

It is mandatory if your income exceeds ₹2.5 Lakh. Filing is recommended even for lower income to tackle future notices, claim refunds, and for loan/visa approvals.

What documents are required?

Typically, you need your PAN, Aadhaar, Form 16, and bank statements. For capital gains or business income, additional statements are needed.

How long does it take to get a refund?

Once filed and verified, refunds usually process within 15-45 days.

Can I switch between Old and New Regime?

Yes. Salaried individuals can choose the beneficial regime every year.

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