This is the time of the year when the accounts department of your office must have asked you to submit income tax saving proof, or investment proof, for the financial year 2017-2018.
For many, this is a confusing and a tiresome exercise. Offices generally expect you to submit your I-T proof by February end so that employers can make final adjustments in TDS (tax deducted at source), if any, by March.
Submitting your I-T investment proof on time saves you from excess tax deduction at the time of filing your tax returns in July.
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