How do I file Income Tax Return through Income Tax India e-Filing Site ?

Income tax in India is paid only by 3% of the population.

Income tax is levied by Government in order to collect funds and develop the public infrastructure of the country like constructing hospitals, roads, flyovers.

So the fund for all the public development is sourced through the tax payer

The Income Tax in India has to be paid within the due date. Failing to pay on time, ITD can penalize you.

Jan 31st  – Last day to submit proof of investments
Mar 31st – Last day to submit proof under Section 80C
Jul 31st – Last day to file your Returns.

Income tax is divided in three types:
a) TDS
b) Advance Tax
c) Self Assessment Tax

TDS (Tax Deducted At Source) is the income deducted from the salary by your employer or other person based on Income Tax laws

Advance Tax is the tax to be paid in four installments by businessman and professionals throughout the year in which they earn their income.

Self Assessment Tax comes in to picture when you need to pay additional tax apart from the other taxes that you have already paid.

You can pay your income tax also through government approved beneficiary like H&R block with income tax login.

For e-filing income tax return online. Below instructions are to be followed:

1. Registering on Incometaxindiaefiling is hassle-free and easy process.
2. Once registration is done and account is created. Login to e-filing website using your credentials – user ID, password, date of birth and captcha.
3. Go to e-file and click on ‘Prepare and submit ITR online’
4. Select the ITR form and the assessment year you should file. Fill in the required information and click on ‘Submit’ button.
5. if applicable, upload Digital Signature certificate. Please make sure the DSC is linked with your e-filing. Click on ‘Submit’ button.
6. Once submitted successfully,the income tax return filed along with Digital Signature Certifcate, ITR-V will be displayed. To download ITR-V click on the link.
7. The ITR-V ( ITR Verfication) form is also sent to your registered e-mail ID.

Point to remember: Return filing process is not completed until you submit your ITR-V either online or physically to CPC Bangalore Office.

You can also file your Income return through various government approved intermediary like H&R block which is similar to the ITR Login.