Table of Content
File your income tax returns online
Documents required for income tax filing online
You want to file an income tax return online for a salaried employee. But don’t know how to do so? We have outlined for you detailed steps that will clear any doubts you have on how to file income tax return online.
The entire method of filing income tax returns is known as income tax e-filing, as it can be done online on the Income Tax Department portal. So, let us discuss the different steps on how to file income tax returns online.
The Income Tax Department has established an online software to fill all the ITR forms. Only the forms ITR 1 and ITR 4 can be filed online without having to download the application in Java or Excel. You need to gather all the relevant documents to file the ITR form online. Your income tax return filing online can be done in the following steps, as mentioned below:
Step 1: Go to the income tax e-filing portal. First-time users need to register themselves with their PAN number.
Step 2: If you have registered before, then login into your account by entering the User ID (PAN number), Password and the Captcha.
Step 3: Now, select the option “Filing of Income Tax Return” for income tax return filing online.
Step 4: A new webpage will appear.
After filling all the details, click on “Continue”.
The new webpage for ITR 1 Form will appear on your screen. The 1st Tab is “Instructions”. You must go read the instructions thoroughly before you begin the process of filling and filing your ITR-1.
The webpage also contains 3 command buttons:
Plus, this webpage also contains 6 additional Tabs:
Step 5: “Part A General Information” is divided into 2 parts.
Part 1: It contains personal information that is already pre-filled. Apart from “Last Name” and “PAN” all the other fields are editable. The individual can edit the data fields if there is any correction that needs to be made. If the individual changes their postal address, email and mobile number, they should also make these changes on the main profile page. But, remember to save the changes on this tab before going to your “My Profile” to make the necessary changes.
Part 2: The individual has to fill the following details:
Step 6: After filling the options, the individual can go to the next tab option, i.e., Computation of Income and Tax, by clicking on the tab header or the green right arrow.
This tab consists of 3 parts:
In 2019, ITR 1 Form has been changed to include Income from Other Sources, such as:
This part refers to the deductions provided to the individual as per Chapter VI-A of the Income Tax Act,1961, that covers section 80C to 80U. The individual can fill this information from Part B of their Form 16. To claim deductions under section 80G or 80GGA, separate tabs are provided which the individual can fill to claim relevant deductions.
Note: Cash donations need to be mentioned separately in the data field. If the cash donation is more than Rs 2000, then the cash amount is not eligible for deductions.
Deductions under section 80GGA is the newest tab inserted in ITR 1 Form. This section provides deductions for donations towards rural development or scientific research. The individual should claim these deductions as per the appropriate clauses.
After the individual fills all the relevant deductions, the system auto calculates the individual’s Total Income.
Next, the individual should report their Exempt Income. It is not a part of Total Income. However, it is highly advisable that individuals should report their Exempt Income.
Types of Exempt Income which a salaried individual usually earns are:
Step 7: Now, move to the “TAX Details” tab. This tab contains details of the TDS deducted by employer or by banks, self assessment tax and advance tax details, and TCS. These data fields are usually prefilled. If the individual finds any missing data, then they can fill it annually. The Sch TDS 2 must be filled as mentioned in the image below.
Step 8: Taxes Paid and Verification: This tab contains the aggregate values of TCS and TDS claimed and the paid Self-assessment tax and Advance tax. The tab will show whether the individual is liable to pay more taxes or is eligible to get refunds on excess tax paid.
In the “Verification” tab the PAN details of the individual, including the name and the father’s name will be pre-filled. The individual must fill the “Place” and capacity as “Self”.
The individual should choose appropriate verification options as per their convenience. After which, then can proceed to filing their income tax returns.
After the ITR-1 Form is completely filled, click on “Preview and Submit”. The “Preview” of the ITR Form appears on the screen. If any mistake is detected, then select the “Edit” option to make the changes. If no errors are detected, then click on “Submit”.
A confirmation message with the Transaction ID will reflect on the screen. The copy of the Acknowledgment or ITR-V is emailed to the individual’s registered email address.
Note: This acknowledgement can also be found in your ITR account in the income tax filing portal. You can also download the acknowledgement when required.
After the individual verifies the ITR, the Income Tax Department will process the information and notify the individual regarding the status through an SMS on the registered mobile under or on the registered email address.
As an Indian citizen, you must file income tax returns. The online method of filing income tax returns is the easiest way to do so. If you do not file your income tax returns, then you will be liable for penalties under the Income Tax Act. Further, income tax returns are a great way to save money on taxes. So, with the easy steps outlined above, never skip filing your income tax return online.
Taxpayers can easily download ITR forms from the official Income Tax Filing portal. It’s important to choose the applicable ITR form from as per your financial transactions and assessment year.
Follow these steps to download ITR forms from the official portal.
The Income Tax Return can be filed either online or offline. Online process; e-filing is much easier and prompt than the offline process. The offline filing of Income Tax Returns used to be tiring and troublesome. Introduction of e-filing is such a relief for taxpayers. Here are some of the major advantages of filing your tax returns online.
Seamless processing: Acknowledgement of e-filing is quicker than the offline procedure. The tax refund processing is also much quicker.
Convenience: E-filing facility is available 24/7. You can file your tax returns from anywhere, anytime. Payment can be made by bank transfer and other online payment methods.
Proof of income: The e-filing portal helps you document all your financial transactions at one place. It is more secure and flexible. You can use the e-filing record as the proof of income for any banking or related usages.
Income Tax Filing 2020-21: File by March 31 or Face a Penalty
March 26, 2021: An alert has been issued by the Department of Income Tax, Government for those who haven’t filed their taxes for Assessment Year 2020-21. As per the alert, IT return has to be filed by March 31, 2021 failing which a penalty in the form of a late fee (as per the IT act) will be imposed.
“If you have filed your audit report but not filed your Income Tax Return (ITR) yet, please do so at the earliest. Last date to file ITR for AY 2020-21 is March 31, 2021,” read the IT Department’s tweet.
For those who are unaware, income tax returns can be filed on the e-filing portal (incometaxindiaefiling.gov.in). In the event of any queries or issues on the portal while filing returns, the taxpayers can call 18001030025.
The Finance Department also issued a clarification regarding ‘maximum tax liability’ in ‘cash’ for GST dues.
“Unconfirmed reports have appeared in certain sections of the media that some GST officers are using unauthorised communication means such as phone calls, WhatsApp and messages asking taxpayers to discharge ‘maximum tax liability’ in ‘cash’ in order to ensure that targets for revenue collection from GST for the financial year are met,” said the The Ministry of Finance.
“It is to clarify that neither the Government nor the Central Board of Indirect Taxes and Customs (CBIC) have issued any such instructions to their field formations. As such, taxpayers are free to utilise the Input Tax Credit available in their credit ledger, as permissible in law, to discharge their GST dues for the month of March, 2021 – the last month of this financial year,” it added.
Income Tax Assessment 2020 – Taxmen To Compute All The Tax Demands By August 31
August 03, 2020: With mild collections ending up being a hurdle in achieving tax revenue goals, CBDT Chairman P C Mody has set monthly targets for field formations for clearing requests and requested them to compute complete taxes for all assesses by August 31.
The chairman also conveyed that a lot of taxpayers are waiting to file applications under ‘Vivad Se Vishwas’ scheme, but are also waiting for the right call to be implied to them. The CBDT clarified that the monthly target for clearing pending appeals and proposals will be disposed of by sending direct communication to the taxpayer via the e-filing portal or emails.
“… board desires that all the work … of cleaning up of the tax demand and calculating the tax payable or refundable in respect of all eligible assessees under Vivad Se Vishwas scheme is taken up on priority,” said Mody in the letter to Principal Chief Commissioners of Income Tax.
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View Comments
Sir I am retired person. I am having form 26 AS. I can see total amount paid and tax deducted in it. Can I fill this total amount paid in Salary received column. Plz inform.
Thanks.
Hi Mayur,
Please refer to both these blogs which explain FORM 26AS in detail.
1. All About Form 26AS
2. How to View Form 26AS and Download the Authorised Form
Informative article! Filing an income tax return online is the easiest method. This step by step guide really helps me to file the income tax return.
Informative article! Thanks for sharing.