Even if all income tax is paid by your employer, you have to file income tax return.
Individual investors fill up Form 15G and 15H to avoid tax deduction at tax. However, one should take due care while submitting these forms.
Online submission of 15H and 15G forms will offer a lot of convenience to the senior citizens. Also it will help tracking the errors, if any.
At the end of the financial year, every salaried employee (from whom the deductions have been made) is issued a Form 16 from the employer. For any other income other that salary, Form 16A is issued. By this form, employees can file for returns as TDS means paying more taxes than needed.