As the financial year wraps up, filing your Income Tax Return (ITR) becomes more than just a legal formality. It’s also a golden opportunity to maximize your ITR refund—money that’s rightfully yours! Whether you’re an individual taxpayer or a small business owner, there are smart ways to ensure you’re not leaving cash on the table.
In this post, the experts at Unlock Digi Services will walk you through 3 simple yet powerful tricks to claim the highest possible refund on your ITR this year.
Claim All Possible Deductions Under Section 80C
One of the most overlooked ways to maximize your ITR refund is by claiming deductions under Section 80C of the Income Tax Act.
What Can You Claim Under 80C?
Under Section 80C, you can claim deductions up to ₹1.5 lakhs for:
- ELSS mutual funds (with tax benefits)
- Public Provident Fund (PPF) contributions
- National Savings Certificates (NSC)
- Life Insurance Premiums
- Home Loan principal repayments
- Children’s tuition fees
- 5-Year Fixed Deposit with banks/post office
Pro Tip: Don’t forget to check for additional deductions under 80CCD(1B) (for NPS) and 80D (for health insurance) for even more refund benefits.
Also, don’t forget to include expenses like children’s tuition fees and stamp duty or registration charges paid while purchasing a home. These also qualify under 80C and can significantly reduce your taxable income when reported correctly with supporting documentation.
Timely Filing Helps Maximize Your ITR Refund
Filing late or with errors can lead to refund delays or even rejections. The second trick to maximize your ITR refund is ensuring timely and error-free filing.Timely filing not only prevents late fees and penalties but also ensures faster processing of your refund. It gives you enough time to correct errors, claim eligible deductions, and avoid missing important forms like Form 16 or Form 26AS.Filing your ITR before the deadline also helps you avoid interest under Section 234A and 234F. It gives you peace of mind, better financial planning, and improves your credibility with financial institutions. Early filers are more likely to receive quicker refunds and avoid unnecessary tax notices or compliance issues.
Why Timely Filing Matters
- Avoids late filing penalties
- Enables faster processing of refunds
- Builds a positive tax record.
Use a professional or a trusted tax filing platform to double-check your documents. At Unlock Digi Services, we offer end-to-end ITR filing support that ensures zero errors and full optimization of your returns.
Report All Income & Claim TDS
This is where many taxpayers lose their refund. If you forget to report all income sources or miss out on claiming TDS, your refund may either get reduced or be held for review.
Include These Income Sources
- Interest earned on savings & fixed deposits
- Freelance or side gig income
- Capital gains from investments
- Rent received
Check Form 26AS and AIS (Annual Information Statement) before filing to ensure that all TDS entries are correctly reflected and claimed.
Use Form 26AS to cross-verify TDS deducted by employers, banks, or clients.
Additional Tips to Boost Your Refund
Avoid Mistakes in Bank Account Details
Make sure the bank account you mention for the refund is active and linked with your PAN.
Don’t Forget to Declare Losses
You can carry forward short-term and long-term capital losses and adjust them against future gains to reduce tax liability.
Final Thoughts – Don’t Miss Out on Your Hard-Earned Money
Your ITR refund isn’t a bonus—it’s your money being returned. So why settle for less? By applying these three simple tricks, you can make sure to maximize your ITR refund to its full potential this year.
At Unlock Digi Services, we help individuals, freelancers, and businesses file their ITR with 100% accuracy and full refund optimization. Don’t take chances with your taxes.
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