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How to file ITR online?

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How to file ITR online?
February 22, 2024

Table of Content

 

Latest steps to file your income tax return (ITR) online:

  • Step 1 – Visit the Income Tax e-filing website

  • Step 2 – Register (1st time user)/login (repeat user) to the website

  • Step 3 – Select ‘File Income Tax Return’

  • Step 4 – Enter required details

  • Step 5 – Select mode of filing as ‘Online’  

  • Step 6 - Choose the applicable status

  • Step 7 – Choose the appropriate ITR form

  • Step 8 – Select the reason for filing ITR

  • Step 9 – Submit bank account details and other information

  • Step 10 – Summary of tax computation

  • Step 11 – e-verify your ITR

  • Step 12 – Submit your ITR

What are the documents needed to file ITR online?

Before you get into the details of the above mentioned steps, it is important that you keep the following documents handy to file your ITR online:

  • PAN
  • Bank statements
  • Form 26AS, AIS
  • Form 16

What are the steps to file your ITR online?

1. Step 1 - Visit the Income Tax e-filing website

Click on the link - https://www.incometax.gov.in/iec/foportal/ to visit the Government of India Income Tax e-filing website.

2. Step 2 – Register (1st time user)/login (repeat user) to ITR e-filing website

  • Login to your account by entering your PAN or user ID
  • Click on ‘Continue’ and tick on the security check box thereafter
  • Enter the password and click on ‘Continue’

3. Step 3 - Select ‘File income Tax Return’

Under the e-file menu you will get an option ‘Income Tax Returns’ and within the same you will find another option ‘File Income Tax Return’. Once you click on the same you will be redirected to the Income Tax Return page.

4. Step 4 – Enter required details

At this stage you will be able to see your PAN is auto-filled and your need to choose the following

  • Assessment year – This is the financial year after the one in which you have earned your income. Suppose you have earned your income in the financial year 2022-23 then the assessment year will be 2023-24.
  • Type of filing – You can select either’ Original’ or ‘Revised Return’

5. Step 5 - Select mode of filing as ‘Online’ 

Click on ‘Continue’ then select the mode of filing as ‘Online’ and click on ‘Proceed

6. Step 6 – Choose the applicable status

Pick your preferred filing status from the options: Individual, HUF and Others.

7. Step 7 – Choose the appropriate ITR form

Type of ITR form – You can select either ITR 1 or ITR 4. These are the 2 forms you can file online.

  • ITR 1 – If your select ITR 1 then you have to provide the following information –

    • Personal information such as full name, PAN and Aadhar number, contact details and bank account details.
    • Enter and verify your Gross total income from various sources and you also need to provide details of income that is exempt, if any.
    • Tax paid by your from all sources but not limited to TDS, TCS, Advance tax and Self-Assessment Tax.
    • Total Tax liability evaluated as per details provided previously. It means Tax payable on Total income is (Income – Deductions claimed – tax paid till date). If this is positive then you need to pay the same as tax and in case its negative then you can claim the same as your tax refund
  • ITR 4-  If your select ITR 4 then you have to provide the following information –

    • Personal Information – Same as in the case of ITR 1.
    • Gross total income - Same as in the case of ITR 1.
    • Disclosures – here you need to provide financial particulars pertaining to your business, information of gross receipts reported for GST and income that is exempt.
    • Total Deductions – This is the deduction that you have claimed already under the various sections of the Income Tax Act, 1961.
    • Taxes Paid - Same as in the case of ITR 1
    • Total tax liability - Same as in the case of ITR 1

8. Step 8 - Select the reason for filing ITR

At this stage, you need to select why you are filing an ITR.

  • Choose the option applicable to your situation:

- Taxable income is more than the basic exemption limit

- It’s mandatory to file according to certain criteria

- Others

  • Click on Continue

9. Step 9 – Submit bank account details and other information

  • Add your bank account details
  • If already submitted, ensure they are pre-validated
  • A new page will appear with pre-filled details
  • Review carefully the correctness of pre-filled information

10. Step 10 - Summary of tax computation

At this stage the screen will show you a summary of the tax calculation on the basis of the information you have provide. Here you will get to know whether you have to pay any tax or you are eligible to claim a tax refund.

Then you have to provide your place of residence to preview and submit your ITR.

11. Step 11 -  e-verify your ITR

This is the most important step to e-verify the return. Failing this, filing returns will be nullified

  • Choose the option to e-verify through various methods like Aadhaar OTP, Netbanking, Electronic Verification Code (EVC) etc
  • You can also send a physical copy of ITR-V to CPC, Bengaluru for verification

12. Step 12 – Submit your ITR

This is the last step in the entire process of filing an ITR online. You need to now click on ‘Submit’ to complete the process, post which you will receive and acknowledgement from the Income Tax Department on the email ID your have provided.

How to calculate your income tax?

Not to worry if you quickly want to calculate your income tax. You can use the income tax calculator to easily calculate your income tax.

How to Download Income Tax Return?

It is important to how to file ITR on time, to avoid last minute stress and penalties. Once you have filed your ITR, the income tax verification form is generated by the IT department so that taxpayers can verify the validity and legitimacy of e-filing. These are applicable only if you have filed your returns without a digital signature.

The income tax return verification form can be downloaded in easy steps.

1.) Log in to the Income Tax India website  -https://www.incometax.gov.in/iec/foportal/

2.) View e-filed tax returns by clicking on 'View Returns/ Forms' option

Select option Income tax returns

Details of all the years for which returns are filed will be displayed

1.) Click on the acknowledgement number to download the ITR-V.

2.) Begin the download by selecting 'ITR-V Acknowledgment'

3.) To open the downloaded document, enter your password to open the document. The password is your PAN number in lower letters along with your date of birth.

For example-

PAN - ASIJP2345P

DOB - 31/12/1980

Password - asijp2345p31121980

You need to send the printed and signed document to CPC Bangalore within 120 days of the e-filing. There is also an option of E verification of Income tax return by generating aadhar otp, through net banking, through ATM etc.

How to check ITR status online?

Once you have filed your income tax returns and verified it, the status of your tax return is 'Verified'. After the processing is complete, the status becomes 'ITR Processed'.

If you wish to know which stage your tax return is after filing it and want to check your ITR status online, here's how you can do it in easy steps.

  • Without login credentials

    • You can click on the ITR status tab on the extreme left of the e-filing website.

    You are then directed to a new page where you have to fill in your PAN number, ITR acknowledgement number and the captcha code.

    Once this is done, the status of your filing will be displayed on the screen.

  • With login credentials

    • Login to the e-filing website.

    Click on the option 'View Returns/Forms'

    From the dropdown menu, select income tax returns and assessment year

    Once this is done, the status of your filing (whether only verified or processed) will be displayed on the screen.

    Keeping the Income Tax Department informed about your income and taxability will keep you on the right side of the law and prevent any blocks in your financial competency. Now that you know whether or not you compulsorily have to file your ITR, you need to ensure that you complete the process before the deadline every year.

Conclusion

Filing your income tax return can seem complex, but following these steps makes the process easier. Remember to gather all required document before starting. An income tax calculator is a useful tool for estimating your tax liability ahead of time, allowing you to prepare correctly. By understanding the process and using available resources, you can file your ITR efficiently and avoid last-minute stress.

FAQs about Filing Income Tax Return

Q. What is income tax? 

Income tax is the direct tax on your earnings. It is calculated as a percentage of your total taxable income and paid to the government. While an individual or HUF needs to pay the tax beyond a certain level of income or capital gain, a company is liable to pay the taxes irrespective of income level. The percentage of taxes payable at various levels of income as well as the exemption rules keep changing under the evolving tax laws. 

Q. How to check if ITR is filed? 

Here are the steps to follow to check if ITR is filed.

  • Login to the e-filing portal with your user ID and portal. Link PAN and Aadhaar (if not done already) and proceed or continue without linking. Linking is required for the refund process. 
  • Check the e-filing tab. Click on Income Tax Returns and next on View Filed Returns.
  • Use a filter to arrange returns based on Assessment Year or Filing Type.
  • Click on ‘View Details’ to check the status of your ITR filing.  

Q. Can I file my ITR myself online? 

Yes, you can file your ITR yourself online. For this, you need to be a registered user of the ITR e-filing portal of the Income Tax Department. A registered user gets to use the ITR pre-filing and e-filing service by accessing the portal through a user ID and password. Individual taxpayers can use these services to file ITR-1.

Q. Which is the online site for ITR filing? 

Taxpayers can perform their ITR filing online by accessing the e-filing portal by the Income Tax Department. The taxpayers can log in to the income tax portal through their PAN as user ID and password and complete the necessary steps. The simplified steps help you to complete your e-filing of ITR quickly and easily. 

Q. What is the last date to file tax return 2023-24? 

The last date to file the income tax return for the financial year 2023-24 is 31 July, 2024. Post that, a late fee will be charged. After the due date is over, unless extended, taxpayers will have to pay interest under Section 234A and a penalty under Section 234F of the Income Tax Act to file the income tax returns.  

Q. How can I file ITR without Form 16? 

For salaried individuals, ITR filing requires submission of Form 16 which contains the consolidated information of the salary income and tax deductions for the financial year. However, you can file the IT returns without Form 16 by accumulating other relevant documents like salary and bank statements, interest certificates, rent receipts, other income details, information on exemptions and deductions etc.

Similar Articles:

 

Calculate Income Tax

 

ARN -INT/ED/12/23/7021

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Francis Rodrigues Francis Rodrigues

Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.

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