Income tax for salaried individuals is based on the taxable income, after deductions, exemptions, and other adjustments. The tax is calculated as per the applicable income tax slabs for the financial year.

Documents Required for Filing:

– Form 16 issued by the employer.

– Salary slips for the financial year.

– Bank statements showing income.

– Investment proofs for deductions (Section 80C, 80D, etc.).

– Other relevant documents such as housing loan interest or rent paid.