RESUME APPLICATION PAY PREMIUM
Fund Performance

Fund Performance

Knowledge Center

Knowledge Center

About Us

About Us

Tools and Calculators

Tools & Calculators

Quick links

Mobile (Download app)
  • Webpages
  • Documents
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment

For NRI Customers

(To Buy a Policy)

(If you're our existing customer)

For Online Policy Purchase

(New and Ongoing Applications)

Branch Locator

For Existing Customers

(Issued Policy)

Fund Performance Check

RESUME APPLICATION PAY PREMIUM

What do you want to do?

Quick links

Mobile (Download app)

Download HDFC Life App

Buy plans, track your policy, make renewal payments & monitor fund performance with HDFC Life App, Download Now!

Apple Logo Go to Google Play Store

Your Guide to Filing Your Taxes

down-arrow
Your Guide to Filing Your Taxes
November 05, 2018
It's that time of the year again, the time when we need to run behind our accounts' departments for our Form 16s and file our taxes. While many people prefer to have an accountant file their taxes for them, it's easy for individuals to file their taxes directly by themselves. If you want to learn how to easily file your taxes online, you can follow these simple steps:
 

  1. Get Registered

    If you're filing your returns for the first time, you'll need to start by getting registered on the official e-filing portal. To do this, you will need to visit Income Tax Filing Website. You will need to use your PAN or Permanent Account Number as your user ID, so make sure you have your PAN Card nearby. You will also need to keep your other documents, such as your bank statements, your Form 16, and any other capital gain documents handy.

  2. Download the ITR Software

    Once you're registered or signed in, you'll have to download the ITR software for the financial year that has just ended. The software will either be in the JAVA or Excel format, and you'll need to choose the software that is compatible with your computer.

  3. Fill Up the Form

    Open the newly downloaded software application and fill up the required details. You can choose the pre-fill button to auto-populate your personal details and the amount of tax that has already been deducted from your salary. Once you've gone through all the details and you're sure they're right, click on the Calculate button to see the final tax amount that you still have to pay, or the rebate that you will earn.

  4. Pay the Tax

    In case you still owe the government tax, you can complete the payment right away. Once the payment is done, you'll need to add the details to the form and then once again click on the Calculate button. This should bring the tax due amount down to zero. You can then save your ITR data in an XML format.

  5. File the Returns

    Now, it's time to log into the e-filing website. You need to click on the e-file option and then click the Upload Return button. You will be required to select the ITR data that you have just saved, and upload it onto the website. If you have a digital signature that is registered with the portal, you need to upload that along with your ITR before clicking on Submit. This ends the filing process. If you don't have a digital signature certificate, you can either print the form and send a hard copy to the Income Tax Department, or choose to electronically verify the ITR form by using your Aadhaar Card, ATM code or Netbanking password.

    Now that you have last year's taxes taken care of, it's a good time to start planning your taxes for the current financial year. Under sections 80C, 80D and 80CCC of the Income Tax Act, you can enjoy deductions on life insurance, health insurance and pension plans respectively. Insurance is possibly the easiest way to save on tax, but that's not the only reason why you should purchase it. You should buy insurance because it will provide you and your family members with financial help and security during a crisis. So, if you're ready to protect yourself, and save a few taxes as well, click here to find an insurance plan that suits your needs.

Plan Income tax

Show Full Article
Hide Full Article

Term Plan Articles Term Plan Articles

Investment Articles Investment Articles

Savings Articles Savings Articles

Life Insurance Articles Life Insurance Articles

Tax Articles Tax Articles

Retirement Articles Retirement Articles

ULIP Articles ULIP Articles

Health Plans Articles Health Plans Articles

Child Plans Articles Child Plans Articles

Popular Calculators Popular Calculators

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.

LinkedIn profile
Author Profile Written By:
Vishal Subharwal Vishal Subharwal

Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.

LinkedIn profile
Reviewed By Reviewed By:

Here's all you should know about life insurance.

We help you to make informed insurance decisions for a lifetime.

Income Tax Slab FY 2024-25 and AY 2025-26

Income Tax Slab FY 2024-25 and AY 2025-26

The latest income tax slabs for FY 2024-25 and AY 2025-26, including new and old regime rates, deductions, key highlights for smart tax planning, and savings tips.

Tax Planning for Salaried Employees: Key Pointers to Consider

Income Tax Saving Tips for Young Earners

What is Tax Declaration Form? - Process to File Income Tax Declaration

Investment declaration has to be done in the beginning of a financial year. Read to know what is form 12BB & the step by step process to declare investments!

What is Tax Declaration Form? - Process to File Income Tax Declaration
Things to know Before Filing Income Tax Returns Previous
Make Most of Tax breaks on Offer an Insight for Senior Citizens - HDFC Life Next
HDFC life
HDFC life

HDFC Life

Reviewed by Life Insurance Experts

HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER

We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.

Popular Search

Popular Searches