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Tuesday, October 26, 2021

ITR Filing: Good news for SBI customers, these 4 benefits will be available if you fill ITR before October 31

State Bank of India has launched a special facility for its crores of customers. State Bank of India (SBI) customers can now file Income Tax Return (ITR) for free through the bank’s YONO App. Not only this, SBI has also said that customers who fill ITR through its YONO app will also get many benefits. So let’s know how you can fill ITR for free with SBI’s YONO app and what are the benefits you will get from it.

SBI said in a tweet from its official Twitter handle that crores of its customers can file Income Tax Return i.e. ITR for free through Tax2Win (Tax2Win) on YONO app. SBI said, “Do you want to file Income Tax Return (ITR)? You can do so for free on YONO through Tax2Win. You just need 5 documents for this. Download our YONO now.”

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At the same time, the bank said in another tweet that customers who fill ITR early through YONO app will also get 4 types of benefits. The bank said, “Filing ITR early through Tax2Win on YONO will give you many benefits including free ITR filing, quicker refunds, ample time to rectify mistakes. Also, early ITR filing, last minute rushes will be there. There will be no mistakes in I. Download our YONO app to file ITR.” The bank said that this offer is applicable only to customers who filed ITR before October 31.

SBI customers will need these documents to file income tax return-
1. PAN Card
2. Aadhar Card
3. Form-16
4. Tax Deduction Details
5. Interest Income Certificates
6. Investment Proof for Tax Savings

SBI customers need to follow the steps mentioned below to fill ITR through YONO app-
– Customers need to login to SBI YONO app first.
Then the customer has to select the option of “Shops and Orders”
After this the customer will see the option of “Tax and Investment”, on which he will have to click.
Here the customer has to select “Tax2Win”, after which the customer can fill the ITR.

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Penalty will be imposed if ITR is not filed by December 31
The government has extended the last date for filing income tax returns to December 31. Filing the return after this date may attract a fine of Rs 5,000. However, if the income of the taxpayer is within Rs 5 lakh, then the rule is to pay Rs 1,000 as late fine.

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Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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