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Bank and insurance employees

ITR filing for bank and insurance employees

Staff in financial services often have salary, a loan on special terms and some interest or commission on top. Each is reported differently and your AIS shows most of them.

Start filingHow TaxCare handles it

In short

Salary with perquisites such as concessional loans, commission income and interest.

Who this is for

Your tax situation

  • Salary with perquisites

    A loan at a lower rate than the market is a perquisite. Its value is added to salary and appears in your Form 16.

  • Commission income

    An insurance agent's commission is business or professional income, and tax is usually deducted from it.

  • Interest income

    Interest on savings and deposits is taxable. Banks report it in your AIS.

  • Your AIS is the cross-check

    Whatever is reported against your PAN is in your AIS, so it is the best check on your return.

What to watch out for

  • Do not leave out interest

    Interest you did not report but the bank did is the most common mismatch.

  • Commission is not salary

    It cannot go in the salary section. It needs the business or profession form.

  • Dates

    Salaried returns are due by 31-Jul-2026; with business or professional income, by 31-Aug-2026.

How TaxCare handles it

  1. AIS, Form 26AS and Form 168 checkedYour return is compared with what the department has on record, and differences are shown to you.
  2. Interest picked upInterest from your AIS is listed so you can confirm it.
  3. Both regimes comparedYour tax under each regime is shown side by side before you choose.

When a Tax Expert files it

Commission earned as an insurance agent is filed by a verified TaxCare Tax Expert, not through self-filing. The price is shown before you book.

See Tax Expert services

Pages that fit you

Open the filing guide that matches the way you earn.

  • Salaried

    Salary from one or more employers, with TDS, interest and deductions.

  • Freelancers and professionals

    Consultants, doctors, designers, developers — presumptive income under section 44ADA.

  • ITR-1 (Sahaj)

    Salary or pension, one house, interest — total income up to ₹50,00,000.

Guides to read next

  • Salary and employment

    How to read your Form 16

    Form 16 is the TDS certificate your employer gives you for salary. Learn what Part A and Part B show, which lines matter when you file, and how to check Form 16 against your AIS and Form 26AS.

    4 min readUpdated 26-Oct-2026

  • Salary and employment

    How to file ITR for salaried employees

    A salaried person needs Form 16, the AIS and Form 26AS or Form 168 to file. Learn how salary income is worked out, which form and regime to choose, what to check against the department's records and how to finish by e-verifying.

    4 min readUpdated 26-Oct-2026

  • Salary and employment

    Changed jobs this year? How to file your ITR

    If you worked for two or more employers in the tax year, you add the salary from each Form 16, check that the tax deducted is enough, and claim the standard deduction only once. Here is the step-by-step.

    4 min readUpdated 26-Oct-2026

All guides

Questions people ask

Is a concessional loan taxable?

The benefit can be taxed as a perquisite. It is included in the salary shown in your Form 16.

Is agent commission salary?

No. It is business or professional income.

How do I check my interest income?

Open your AIS. TaxCare lists the interest it finds there for you.

Other groups

Check your own return

Sign in with your mobile number. TaxCare fetches your records from the Income Tax portal and shows what it finds before you file anything.

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