The process of managing your income tax involves several steps, of which ITR computation and ITR form submission are crucial. Understanding the difference between these two can help you navigate the tax-filing process more effectively: ITR Computation: This step involves calculating your total taxable income by considering all sources of income, deductions, and exemptions you're eligible for. It's about figuring out how much tax you owe or how much refund you're entitled to receive. This computation needs to be accurate and comply with current tax laws to ensure you pay the correct amount of tax or claim the right refund amount. ITR Form Submission: Once you've calculated your tax liability or refund, the next step is to fill out the appropriate ITR form based on your income sources and submit it to the Income Tax Department. This process can be done online (e-filing) or in traditional paper form, though e-filing is mandatory for most taxpayers. Submission is essentially communicating your computed tax information to the tax authorities, completing your obligation for that assessment year. To conclude, computation is about accurately calculating your taxes, while submission is the act of officially filing your taxes with the government. Both steps are integral parts of fulfilling your tax responsibilities.