What are the benefits of filing my income tax returns?

One, it's your obligation to file your income tax returns. There may be legal consequences for not doing so.

Two, tax paid is utilised for the development of the nation. Last but not the least, it will help you to be in the good books of the financial institutions such as banks. It's useful when you apply for a loan since you need to submit a copy of your income tax returns when applying for a loans.