Can I Submit Medical Bills from February and March When Filing Tax Returns?

Hello all, generally, the cutoff date for investment proofs in our company is January itself. In that case, if I don't have bills for Rs. 15,000 in January (I need to pay some tax because of this), but I may get medical bills in February and March, can we submit them together when we file returns? Or do we have to exclude those bills? Please clarify.

Regards, Devi

Yes, you can, and you will receive a refund directly from the Income Tax department if there is any excess payment in your account. Upon receiving the bills, the company can reduce the tax amount payable and adjust it accordingly in the month of March. Therefore, it is advisable to communicate with your accounts and finance department for further clarification.

Regards,
Kamesh

You can speak with the respective HR/Finance department so that they can grant an exception, but please note that if you don't submit the required documents next month, you will be taxed for the same, and your IT deduction will be doubled in the March salary.

Note: If your company has multiple branches, they may have a centralized location for receiving all IT declaration forms, where you will not have the option mentioned above. In this case, you must submit the documents as instructed by them.