A Quick Guide to Filing Income Tax Returns Online

The last date for filing income tax return (ITR) has been extended from 31st July 2015 to 31st August 2015. If your annual income is more than Rs 5 lakh, you have to file the return electronically. Follow these simple steps to file your return online before the last date.

Note:- Keep your bank statements, Form 16 issued by your employer, and a copy of last year’s return handy while filing the return. 

Filing ITR via the Official Website

Step 1:- Log on to www.incometaxindiaefiling.gov.in. Register using your Permanent Account Number (PAN), which will also be your user ID in case you are already registered.

 

Step 2:- Check your Form 26AS (Tax Credit) for the financial year 2014-15. This statement reflects the total taxes deducted by your employer. The TDS as mentioned in your Form 16 must tally with the figures in Form 26AS. Any discrepancy could land you in a legal trouble.

Step 3:- Under the 'Download' menu, click on Income Tax Return Forms and choose AY 2015-16 (for the financial year 2014-15 ). Download the Income Tax Return (ITR) form applicable to you.

Step 4:- Open the downloaded Return form (excel utility or java utility) and enter the details by using your Form 16. Click on the ‘Calculate Tax’ tab to compute tax payable. Confirm the details filled in the worksheet by clicking the ‘Validate’ tab. Proceed to generate an XML file which will be automatically saved on your computer.

Step 5:- Go to ‘Upload Return’ on the portal’s left panel and upload the saved XML file after selecting the relevant ITR form name and Assessment Year. If you want to digitally sign the form, click on ‘Yes’ else choose ‘No’.  

Step 6:- Once the process is complete, message of successful submission will be flashed on your screen. If the return is not uploaded with Digital Signature Certificate (DSC), the acknowledgement form ITR-Verification (ITR-V) will be generated and sent to your registered email-id.

Step 7:- A duly verified ITR-V should be signed and send to CPC, Post Bag No. 1, Electronic City Post Office, Bangalore - 560100 by ordinary or speed post only within 120 days of filing the return online.

Written By: PolicyBazaar - Updated: 23 September 2020
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Newsletter
Sign up for newsletter
Sign up our newsletter and get email about ulip plans.
You May Also Want to Know About
Best LIC Policies For Investment in 2020
Best LIC Policies for Investment in 2020 When it comes to purchasing a life insurance plan, LIC plans are the most popular choice of customers. LIC is one of the most trusted and leading insurance provider companies in India. The company has a st...
What is Investment and What is Its Purpose?
What is Investment and What is Its Purpose? Different people possess different notions and understanding of “investment”. To start with, first of all, let’s try to get a clear understanding of what is investment and how it can be useful for ...
Post Office Monthly Income Scheme (POMIS)
Post Office Monthly Income Scheme (POMIS) Are you looking for an investment avenue which is safe and secure, earns substantial returns with a short locking period, which says no to equities and is absolutely risk free? Well then, think about inves...
SBI Life Insurance Plans in India
SBI Life Insurance Plans SBI Life Insurance, a joint venture between State Bank of India (SBI) and BNP Paribas Assurance, provides comprehensive life insurance cover at competitive prices. SBI Life Insurance provides Unit Linked Plans, Child Educa...
State Bank Of India Investment Plans
Monthly Investment Plan Monthly investments plan is a popular investment options for individuals who wants to gain a profitable investment returns and wants to achieve their short-term and long-term financial goals of life. Nowadays, monthly investm...
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL