If you are finding any trouble in filing your Income tax return online, then here is the step by step guide that will help you file your tax return electronically with the help of the official website of Income Tax Department. July 31 is known to be the last date to file the income tax return. In case, you do it after this date, you will have to face many difficulties; therefore, it will be great if you file the tax return before 31 July. One can submit the tax return either by using the official website or can make use of the private portals.
If you are earning more than five lacks, then you need to return the tax electronically, which means you are allowed to file the return two days before the date and that too at your convenient place. If you have done this before, then it won’t be any issue for you to file the tax return, but if you are doing this for the first time, then you can take help of the professional in doing so.
Using the official website
Before you start the process of filing the tax return online, you need to keep the bank statement right besides you. You need to have the copy of the last year return and form 16 that is issued by your employer. Further you need to log in to the https://incometaxindiaefiling.gov.in/ website. After logging in you need to follow certain steps that are mentioned below:
Step 1: Register yourself on website and your user ID will be your Permanent Account Number.
Step 2: View the tax credit statement for the financial year for which you are filing the tax return online. The statement will reflect the taxes that were deducted by employer that is actually deposited with the IT department. The TDS that is in the Form 16 must tally the figures in the Form of the financial year. Instead of filing the discrepancies if you file the return you could get the notice from the IT department later.
Step 3: Under the download menu you would see the Income Tax Return Form click on that button and choose the form as per the financial year you are submitting the tax. After that you should download the income tax return form that is applicable for you.
Step 4: After choosing the applicable form, open the downloaded return Preparation software and complete the details using the Form No. 16
Step 5: You can ensure the tax payable by clicking on the ‘Calculate Tax’. Pay the tax if you are applicable and then enter the challan details in tax return.
Also see 8 Must read tax saving tips
Step 6: Then you need to confirm all the details in the worksheet by clicking on the tab named as Validate.
Step 7: You can proceed further to generate the XML file and you can save the file on your computer.
Step 8: Move to the Upload Return on the portal present in the left panel and then upload the XML file that you have saved on your PC after selecting the financial year of the tax return. Then you will be asked to sign the document electronically if you have the digital signature then click on the option yes, otherwise no.
Step 9: After few minutes the website will flash a message for the successfully filling of the tax return, then you can consider the process of filing the tax return is completed. The acknowledgement form will get generated and you can simply download the form.
Step 10: After downloading the form you need to take the print out of the form and it is preferred if you sign the form in the blue ink and then send to the IT department. You need to post the document within 120 days of filing the tax return online.
Through the Private Portals
As mentioned above there are other private portals as well that can help you in filing the tax return online. These private portals do charge some amount in order to file the tax return or the service level required. Unlike the steps mentioned for the official website there are not defined steps for filing the tax return through private websites.
If you are a newbie and paying the tax return for the first time these steps would surely assist you in filing the income tax return online. They will surely help you to perform the task.