New Delhi, Aug. 7 -- As the September 15 deadline to file the income tax return (ITR) for the financial year 2024-25 draws closer, most taxpayers are expected to be busy arranging documents for filing their return well on time.

Although it is recommended to seek an expert's advice - a chartered accountant or an income tax expert - before you click 'submit' on theincome tax e-filing portal, it is not unusual to do everything on your own. This is quite prevalent among youngsalaried professionals or freelancers to stick to DIY while they examine their annual income andtax liability.

Here we list out ten key terms that are too important for taxpayers to be ignored.

I.Gross Income: As the name suggests, this term refers to thetotal income e...