Economy Filing your income tax returns? Here are four challenges that you may face Updated : July 17, 2018 08:04 PM IST Reporting your exempt income while filing your return would help reduce the possibility of a demand notice from the tax department. While computing your taxable income, you must be aware of various tax reliefs and deductions available. Exemptions and deductions that you may be entitled to would be provided by your employer through Form 16 and you can claim these deductions at the time of e-filing. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.