Filing your income tax return (ITR) online in India is a quick and easy process for salaried employees. In this article, we will walk you through the steps on how to file your ITR online as a salaried employee in India.
Step 1: Gather all necessary documents before you begin the process of filing your ITR online. It is important to gather all necessary documents. This includes your Form 16 (salary certificate), bank statements, and any other income-related documents.
Step 2: Register on the Income Tax e-filing website The first step in filing your ITR online is to register on the Income Tax e-filing website. Link of the Income Tax Return filing website is given below:
You will need to provide your PAN (Permanent Account Number) and other personal information in order to register.
Step 3: Login to the e-filing portal Once you have registered, you can login to the e-filing portal using your PAN and password.
Step 4: Select the appropriate ITR form As a salaried employee, you will need to select ITR-1 form (also known as Sahaj). This form is for individuals who have a salary and/or pension income and have a total income of less than Rs.50 lakhs.
Step 5: Fill in the details once you have selected the appropriate form, you will need to fill in your personal details and income information. You will also need to enter your TDS (tax deducted at source) details, which can be found on your Form 16.
Step 6: Verify and submit after filling in all the details. You will need to verify your ITR. This can be done by using an electronic verification code (EVC) or by sending a physical copy of the ITR-V form to the Income Tax Department. Once your ITR has been verified, you can submit it.
Step 7: Track your refund status after you have submitted your ITR, you can track the status of your refund on the e-filing portal.
It is important to note that you must file your ITR before the due date, which is usually 31st July of the assessment year. Failure to file your ITR on time may result in penalties and fines.
By following these simple steps, you can easily file your ITR online as a salaried employee in India. Remember to keep all necessary documents handy and ensure that all the information provided is accurate to avoid any delays or complications in the process.
In conclusion, filing income tax returns online is simple and easy process for salaried employees in India, following the above steps will ensure a smooth and hassle-free experience. It is always best to file ITR on time to avoid penalties and fines and keep your records updated.
Also Read: What is Income Tax Return Filing Due Date?
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