Income Tax Return (ITR) filing for individuals is the process of reporting annual income, claiming eligible deductions, and paying any taxes due under the Income Tax Act, 1961. Individuals earning income from salaries, house property, capital gains, business/profession, or other sources must disclose it in the appropriate ITR form. Filing ITR ensures compliance with statutory requirements, helps claim refunds for excess tax paid, and allows the carry-forward of losses for future set-off. The process involves collecting financial documents such as salary slips, bank statements, interest certificates, and investment proofs, computing total taxable income, applying eligible deductions under sections like 80C, 80D, 80G, and filing the return online through the Income Tax Department portal. The return must be filed by the due date, typically July 31st for salaried individuals. Non-compliance can result in penalties, interest, or scrutiny notices. Professional guidance is often recommended to ensure accurate reporting, correct computation of tax liability, and proper documentation, thereby safeguarding the individual from legal and financial issues while maintaining transparency and compliance with tax laws.