News > Filing ITR for FY23-24: Here's why salaried individuals should wait until June 15

Filing ITR for FY23-24: Here's why salaried individuals should wait until June 15

Annual Information Statements (AIS) and Form 26AS start showing some data before May 31, but the complete information for the last quarter of the previous financial year is typically updated by 31 May. Also, salaried individuals receive their TDS certificates within 15 days of this date. Filing ITR before these documents are fully updated can lead to incomplete information, potentially resulting in underreporting income and facing penalties.