[Snapshots] How To e-file your Income Tax | 10 Easy Steps e-filing

If you have your taxable income more than Rs. 2.5 Lakh, then e-filing of tax return is necessary for you. Well, if you want to file your income tax return online and you don't have that much online experience, then we are here today to show you how to file your income tax return in 10 steps in just 30-40 minutes right from your office. At present, only ITR-1[Form Sahaj] and ITR-4S [Form Sugam] are released for e-filing. Here, are some simple steps you need to follow.

 

STEP 1

First of all you must go to Income Tax Dept. website www.incometaxindiaefiling.gov.in . Now, you must register on this site using your PAN Card No.  [Permanent Account Number], which will then act as your user ID. Keep your Password protected with yourself, it will be needed in later stage, for checking your status of e-filing.

 

Step 2

Now, you have to click 'Download ITR' Tab given in Menu. Here user need to select the Assessment Year 2014-15 and download one of the forms from ITR-1 and ITR-4S. User must keep in mind which form he need to select.

 

Step 3

Now, you have excel format file [.xls] with you. Open it using MS Excel or any alternative software you have. Now, according to given instructions fill all the details in Form -16. If you are technically sound that you don't need even to download the form, you can directly fill the details through 'Quick e-file' Tab in Menu. Remember, if you have your tax exempt income more than Rs. 5000 then you have to choose ITR-2 Form.

 

Step 4

You can calculate your income tax return by using 'Calculate Tax' tab from menu. Here, you need to provide your details of bank deposit interests, NSC, Bonds, Capital gain etc. This information is not given in Form 16. You must have these things written on paper with you prior to e-filing. If you have tax due in your income tax return then you must fill in your details of bank's BSR code with challan after paying tax amount .

Step 5

After filling all the details you must cross check to find an error, if any. Now, you can click on 'Validate' tab in menu to confirm your details filled. Now, XML file will be generated. For this you must have enabled macros in MS Word. This XML file will automatically saved in your PC.

 

Step 6

Now, go to left panel of the website, here you will find 'Upload Return' section. Here, you need to upload your XML file in Assessment Year 2014-15. 

 

Step 7

Now, after completion of upload of XML file, it will ask for Digital signature. If you have digital sign, you need to click Yes, otherwise No.

 

Step 8

After submission of Return, you will get "Successful e-filing" message flashing upon your PC screen. This indicates completion of e-filing process. Now, ITR-Verification [ITR-V] Form will generate, which can be downloaded. Besides this, this acknowledgement form in PDF format will also be sent to your registered email.

 

Step 9

Now, take print out of ITR-V Form. You must sign it with blue ink pen and send it to :

Income Tax Dept.,

Post Bag No.1,

Electronic City Post Office,

Bengaluru-560100,

Karnataka

after 120 days of e-filing though ordinary or speed post. Remember, you must not courier it.  

 

Step 10

You will get acknowledgement by Tax dept. within 7 to 15 days of posting of ITR-V form. If you don't receive any acknowledgement, then repeat the STEP 9.