How to file income tax returns (ITR) online in India

How to file income tax returns (ITR) online in IndiaHow to file income tax returns (ITR) online in India

This year, Income tax department has indicated that any individual whose income exceeds Rs 5 lakhs and above has to do e-filing of their income tax returns. Though we would think that a professional CA or a Tax professional can do this, if you can understand the process, you can do this yourself. In this article, we would discuss about how a salary individual can file the income tax returns online.  

Documents to be kept ready before you start the process?

Please keep the documents like PAN card, your previous IT return copy, Form-16 before you start filling the IT returns online.

Also read: How to check income tax refund online

Step-by-step-process on how to file income tax returns online

Step-1: Visit Income tax department site : https://incometaxindiaefiling.gov.in/e-Filing/UserLogin/LoginHome.html

Step-2: If you are already registered, you can proceed for logging into system. Else click on register option and proceed for registration. Once registration is complete, login to website with user ID(PAN number) and password.

Step-3: Check the taxed paid by you. Go to my account -à view tax credit statement (Form 26AS) and provide the assessment year2013-14, date of birth and security code to get these details.

Generally, tax indicated in form-16 and Form 26AS would be same. In such case there are no issues. However in case form-16 shows less tax than what is indicated in Form26AS, it means that you have paid excess tax and to get Income tax refund.

Step-4: Click on downloads option to download the IT return file

  • Click on downloads option
  • Efiling à Assessment year 2013-14 à Individual/HUF à ITR-1 (Sahaj). If you have more than one house property and want to update income from house property or update interest from house property, select ITR-2 as ITR-1 do not have this option.

Step-5: Extract the excel file from the downloaded zip file

  • Click on enable macros active X controls in case they are not enabled in your system.
  • The ITR file would work only on MS-Excel and not on any other applications

Step-6: Fill the excel file with relevant income details, tax paid details and bank details etc., Once you fill the info, click on “Generate” tab. A Pre-XML sheet gets created. Verify that all info is correct and click on “Save XML” option.

Also read: Best Tax Free investments in India

Step-7: Submit the IT returns: Ensure you are logged into the income tax department website. Select my account à Submit Return à assessment year 2013-14. Select whether you want to use digitally signed file in case you already have it, else, say No and proceed further. Click on upload button and you would see process completion message.  If you have done through digital signature, the process is complete. You would get your ITR-V acknowledgement to your mail ID.

Step-8: If you have not submitted your digital signature, you need to download the ITR-V acknowledgement and sign the copy so that IT department knows that this is submitted by you and send a copy of the signed copy to “Income Tax Department-CPC, Post Bag no # 1, Electronics City Post Office, Bangalore – 560 100, Karnataka”. Send the signed document only through normal post of speed post. Do not send it through courier as they would reject it. The ITR-V acknowledgement signed copy should be sent within 120 days after submitting excel (XML) file. The acknowledgement would be received in two weeks time to your email ID from IT Department, Bangalore after this. Once this is done, the process is complete.

Also Read:  Step-by-step process on rectifying income tax return online

Conclusion: Though the process of income tax returns filing online is cumbersome, if we know the step-by-step process, I feel it is easier to do it. In case you have various streams of income like salary, income from business or income from more than one house property, you need to file other ITR’s, hence taking professional help would be a good idea.

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Suresh

How to file income tax returns online in India

Article by Suresh

Suresh KP i.e. me have written 500+ articles on this blog. I love doing analysis and identifying the Best investment options.

152 Comments

  1. Arun says:

    Hi Suresh,

    Im un employed for the last 20 yrs and not filed tax returns .My wife is a tax payee and our resources are very limited, Is it necessary for me to file nil tax returns or anything like that? We have only 1 bk ac which is joint and declared. We are staying in my wife.s company flat. Pl advice me since we are planning to move to Australia on my wifes work permit. Do I need ant IT certificate?

  2. Narendra C says:

    Hello Suresh,

    Currently I am not living in India. I was working in India till lasst year (oct 2013). And now I will not going to work in India as I setteled in U.S.

    So do I need to file the Income tax returns for last year (i.e., from April to Oct 2013 for the finincial year 2012 – 2013)? 

    Thanks

     

  3. akash says:

    I am a salaried person , can I file Online return by myself

  4. AMIT GUPTA says:

    Dear Suresh

    I am Amit & a salaried person.For the year 2012-13 I have have paid all taxes but didnot file the ITR. Now I need ITR for 2012-2013 for VISA purpose.Pls guide on how to do get this.I have the form 16 with me.

    Request your help.

    • Suresh KP says:

      Hi Amit, Please file the ITR now for previous year. You may need to pay penalty for late filing, which you would get intimated later on based on any tax liability

  5. John says:

    Hi,

    I have earned short term gains from debt fund for the FY 2013-14. Which income tax form I need to submit? Kindly help.

    Thanks,
    John

  6. Yogesh says:

    Also, i paid medical insurance premium of 10K for my family. Shall I include this under 80D for excemption and do I need to submit/send any proof for the same.

  7. Yogesh says:

    Thanks Sureshji. Need clarification on below points:

    1. Information available in Form26As is after considering Investment under section 80C or its whole earning in that fianncial year. or example if I see 3.5 lacs in Form26AS so Is it after considering 1lac deduction or Is it a actual earning in thi sear?

    2. Shall we consider Income under salary head from Form16 only. If Form26AS contains more income that Form 16 issued by employer so which one should we consider? Please suggest

    3. Can we file ITR by reducing HRA for 6 months that Company has not considered while issuing Form 16?

    Thanks.

  8. Abhishek rane says:

    Hi,

    I have downloaded my form 26 AS and accordingly filled form ITR 1 assesment year 2014-15rom employer and TDS in TDS1 as per form 16 received from employer. When I add Interest earned on FD and TDS in TDS2 & calculate; the form shows tax to be payable as extra amount then what is already paid. My guess is after adding both the incomes of salary and Interest earned I am jumping a slab to Rs 5 Lac. Please confirm if I have to pay such tax or is it an error? How can I pay is there e-payment option?

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