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How to Self E-file Your Income Tax Return
IT Returns e-filing is pretty simple. This is absolutely free and may be filed within reasonable time frame.
If complex tax forms and tax terms bewilder you, let's break down your return filing process in segments. By taking these small, careful steps, you will be on a roll with your return filing this year.
Checklist for e-Filing IT Returns
There are a few prerequisites to filing your tax returns smoothly and effectively. Major points have been highlighted below.
- How to choose the right form to file your taxes electronically
It can be confusing deciding which form to submit when filing your tax returns online. The different categories of Income Tax Return (ITR) forms and who they are meant for are tabulated below.
| ITR 1 (SAHAJ) |
Individuals with income from salary and interest |
| ITR 2 |
Individuals and Hindu Undivided Families (HUF) not having income from business or profession |
| ITR 3 |
Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship |
| ITR 4 |
Individuals and HUFs having income from a proprietary business or profession |
| ITR 4S (SUGAM) |
Individuals/HUF having income from presumptive business |
| ITR 5 |
Firms, AOPs,BOIs and LLP |
| ITR 6 |
Companies other than companies claiming exemption under section 11 |
| ITR 7 |
Persons including companies required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D) |
- Check your tax credit - Form 26AS vs. Form 16
cYou should check Form 26AS before filing your returns. It shows the amount of tax deducted from your salary and deposited with the IT department by your employer. You should ensure that the tax deducted from your income as per your Form 16 matches with the figures in Form 26AS. If you file your returns without clarity on errors, you will get a notice from the IT department.
- Claim 80G, savings certificates and other deductions
You can claim extra deductions if you forgot to claim them. Similarly, you can also claim deductions under section 80G on donations made to charitable institutions.
- Interest statement - Interest on savings accounts and fixed deposits
A deduction for up to Rs.10,000 is allowed on interest earned on savings accounts. However, interest earned on bank deposits, if any, forms a part of your taxable income and is taxable at applicable slab rates.
In addition to the above, have the following at hand.
- Last year’s tax returns
- Bank statements
- TDS (Tax Deducted at Source) certificates
- Profit and Loss (P&L) Account Statement, Balance Sheet and Audit Reports, if applicable
Ensure your system is equipped with the below.
- Java Runtime Environment Version 7 Update 6 or above
How do I file e-Returns?
Steps to follow to file Income Tax Returns:
Filing your income tax returns online doesn’t have to be a complicated process. Simply follow the below steps.
First, log on to IncomeTaxIndiaeFiling.gov.in And register on the website.
- Your Permanent Account Number (PAN) is your user ID.
- View your tax credit statement or Form 26AS. The TDS as per your Form 16 must tally with the figures in Form 26AS.
- Click on the income tax return forms and choose the financial year.
- Download the ITR form applicable to you. If you’re exempt income exceeds Rs.5,000, the appropriate form will be ITR-2 (If the applicable form is ITR-1 or ITR 4S, you can complete the process on the portal itself, by using the 'Quick e-file ITR' link - this has been explained below).
- Open excel utility (the downloaded return preparation software) and fill out the form by entering all details using your Form 16.
- Check the tax payable amount by clicking the 'calculate tax' tab.
- Pay tax (if applicable) and fill in the challan details.
- Confirm all the data provided in the worksheet by clicking the 'validate' tab.
- Generate an XML file and save it on your desktop.
- Go to 'upload return' on the portal's panel and upload the saved XML file.
- A pop-up will be displayed asking you to digitally sign the file. In case you have obtained a digital signature, select ‘Yes’. If you have not got digital signature, choose 'No'.
- The acknowledgment form, ITR Verification (ITR-V) will be generated which can be downloaded by you.
- Take a printout of the form ITR-V and sign it in blue ink
- Send the form by ordinary or speed post to the Income-Tax Department-CPC , Post Bag No. 1 , Electronic City Post Office, Bangalore, 560 100, Karnataka within 120 days of filing your returns online.
Steps to file ITR 1 Online:
Prepare and Submit ITR1/ITR 4S Online
You have the option to submit ITR 1/ITR 4S forms by uploading XML or by online submission
- Login to e- Filing application
- Go to 'e File' 'Prepare and Submit ITR Online'
- Select the Income Tax Return Form ITR 1/ITR 4S and the assessment year.
- Fill in the details and then click the submit button
- After submission, acknowledgement detail is displayed.
- Click on the link to view or generate a printout of acknowledgement/ITR V form
Private portals:
You could also make use of several websites to file your income tax returns online. The portals typically charge fees (Rs. 250 to 300) depending on the kinds of service they offer.
Things to watch out for while e-filing:
- If the same mobile number or email address is used for more than four taxpayers, you cannot file returns on the website, unless the required change is done. For instance, in some cases, more than five returns may be filed— yours, wife, mother, mother-in-law and the Hindu undivided family (HUF) of which you are the karta, the executor of a will.
- If your name mentioned in your bank documents or official statements is even slightly different from the one given in the PAN card, the portal will consider you a different individual. In certain instances, some individuals give their father's name as their 'middle' name in their PAN card, but do not use it for their bank accounts.
- If a non-resident Indian has to file income tax returns, he will need both an India number and a foreign number.
Hope this helps!
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This site was last updated
Monday, 1 January 2017
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