The income tax return is a form wherein taxpayers declare their taxable income, deductions and tax payment. This process of filing income tax return is called income tax filings. While filing, the total income tax that you give to the government is also calculated. If you have paid more tax for a financial year, the IT department will refund the extra money to your account. If you have paid less taxes for the year, please pay the balance amount, and then file your income tax return.
The range of income tax return form ranges from ITR 1 to ITR 7, which is used for various types of earnings. Some forms are longer than people, and may require additional disclosure such as balance sheets and profit and loss statement information.