Filing income tax return is almost mandatory for every Indian citizen who earns more than Rs. 2.5 lakh annually and is less than 60 years of age. For senior citizens, the cut-off is Rs. 3 lakh, and for those who are more than 80 years old, the cut off is Rs. 5 lakh. But normally people try to avoid filing IT return till the deadline comes near. But why should one file IT return as soon as possible and what are its benefits, these are explained in this episode of Wealthy & Wise.