As the deadline to file Income Tax Returns (31 August) approaches, make sure you file yours online – on any device, from anywhere, and at your convenience!
All you need to do is follow the following steps:
Open the e-filing website and sign up with the required details.
Enter your login ID (your login ID is your PAN) and password.
Generate and download Form 26AS. This can be found in the left quick-link menu under "My Account" as 'View Form 26AS (Tax Credit)'. If you are prompted for a password, input your DOB in the DDMMYYYY format.
From the downloaded Form 26AS zip file, extract the Excel form and fill in the details. Make sure to read the instructions carefully.
Refer to your Form 16 to ensure the details tally.
After filling in the details, click on ‘validate’ to ensure all necessary details are captured.
Once validated, click on the 'calculate tax' tab to check the amount of tax payable
If applicable, the amount displayed need to be paid. Also, the challan details must be filled.
After paying tax, click on ‘generate XML’ and save the generated file on your device.
To submit the IT return, go to the e-filing website and click on 'upload return'. Here, you can upload the saved XML file.
Once the XML file is uploaded, you will need to sign the form. Opt for a digital signature if you have one.
If you don’t have a digital signature, once you submit the form an ITR-V form will be generated and sent to your email ID. Download this, print it out, and sign it in blue ink.
Post the form within 120 days to the Income Tax Department C/o CPC, Post Bag No 1, Electronic City PO, Bengaluru 560 100.
You will receive an acknowledgement once the IT Department receives your ITR-V.
Congratulations! You have just filed your Income Tax Returns from the comfort of your home.
Want more information about filing Income Tax returns? Read this. All you need to know about filing Income Tax Returns