Many of my friends think that filing IT returns is headache. I have simplified the steps to file the same. And it should take no more than 6-8 mins. Generally 31st July would be the last date for filing the returns. However this year government has extended it till 31st August. So one can go ahead and file returns online - making best use of the grace period. You know it's better to teach fishing than.......
- Form-16 issued by the company in the offing
- And little bit understanding of the same.
Assumptions:
- Single employer that means only one form -16.
- Income from salary only
Follow the steps below:
- Go to
link: https://incometaxindiaefiling.gov.in/portal/index.do and
create an account.
- Click on “eFiling-A.Y. 2012-13 -> Individual/HUF
- Download ITR-1 form(for salaried persons)
- Furnish personal details, refer Form 16. Fill these sections(may vary
from person to person):Personal Information, filing status, income deductions
and TAN no. of employer.
- “Income Tax Ward /Cirlce”. To figure it out go to link in step #1 --> Services --> know your
jurisdiction Enter your PAN
no. and you’ll get your ward no.
- "Return Filed under section" -> before due date, after dude date etc..
- "Whether original or Revised return" -> use "O-original" if not revised.
- "Residential Status" ->RES - if Resident Indian, NRI - Non Resident Indian.
- "Tax Status" -> Tax Refundable - if TDS cut is more than actuals, Nil Tax Balance - If TDS is correct.
- Refer your form 16, fill the following details correctly
- Income from salary.
- Deductions under 80C, 80E etc.
- Validate the sheet "Income Details".
- Go to
sheet "TDS" and furnish the details of TDS cut.
- Validate "TDS" sheet.
- Go to "Tax paid and Verification" sheet
- Fill the bank details (in case of any returns A/C No, A/C Type, MICR code ) along with other details.
- Validate the current sheet, then go to Sheet "Income Details"
- Now click on Calcualate Tax. Cross check the things again
- If everything is fine click "Generate" - This generates the xml file.
- Now get back to your online
account and upload the xml file generated.
- Take print out of acknowledgement
file (ITRV).
- Sign it and send it through ordinary post to following address :
Income Tax Department,
CPC Post Bag No.1
Electronic City Post Office
Bangalore, Karnataka
PIN 560100