How to File Income Tax Returns aka ITR Online in India

How to File Income Tax Returns aka ITR Online in India
Most individuals who have an revenue are required to file revenue tax return aka ITR. Filing revenue tax returns in India is a reasonably easy course of for many individuals. You can file ITR on-line free of charge simply by way of the Income Tax Department’s official web site or third-party IT return submitting web sites as nicely. The deadline for returns on-line this 12 months is August 31, 2019. The course of for submitting revenue tax returns is completely different for various folks in India.

Before we start the half the place we inform you how one can file revenue tax return on-line in India, let’s take a fast have a look at which ITR to file.

Which ITR to file

For people trying to file revenue tax returns in India there are 4 varieties of revenue tax return (ITR) varieties to contemplate. These are:

  • ITR-1: Salaried folks with revenue below Rs. 50 lakhs per 12 months ought to file ITR-1. Here you are allowed to declare revenue from one home property, agricultural revenue as much as Rs. 5,000, and revenue from different sources.
  • ITR-2: Normally ITR-2 applies solely to folks whose revenue is above Rs. 50 lakh however if in case you have any capital beneficial properties to declare (reminiscent of revenue from mutual funds), then you should file ITR-2. There are sure different varieties of incomes reminiscent of overseas revenue, a number of home properties, and so on. that fall below this one.
  • ITR-3: In addition to the varieties of revenue talked about below ITR-2, if in case you have revenue from enterprise or career then you should file ITR-3.
  • ITR-4: If your entire revenue sources are listed below ITR-1 however your complete revenue is above Rs. 50 lakhs per 12 months, then you should file ITR-4.


This is the essential data you should resolve which ITR to file, however make sure to double-check this. It’s greatest to seek the advice of with a chartered accountant in the event you’re unsure or if in case you have revenue varieties not talked about above.

This information is will cowl submitting revenue tax returns for salaried folks, particularly those that fall below ITR-1.


How to file ITR on-line

Now that you understand which kind of ITR to file, you are able to do this simply and free of charge on the Income Tax Department’s e-filing web site. Follow these steps.

  1. You have to create an account on the IT division’s web site first. You can click on here to do it. For most individuals the kind of consumer needs to be Individual. Just observe the on-screen prompts and fill the mandatory particulars. Once your account is created observe the following step.
  2. Go to the Income Tax e-filing website and log in to your account.
  3. Click Filing of Income Tax Return.
  4. On the following web page you should choose your Assessment Year. This could be a bit complicated however this is what you should know — the evaluation 12 months is the 12 months after the monetary 12 months of your return. For occasion, in case you are submitting an IT return for the monetary 12 months 2018-19, the evaluation 12 months is 2019-20.
  5. Next choose the ITR Form Number, Filing Type (must be authentic/ revised return), after which Submission Mode. For the final one we chosen Prepare and submit on-line.
  6. Then choose Continue.
  7. This 12 months the revenue tax division has made it actually handy to file IT returns on-line by pre-filling loads of details about your revenue. So in case you are a salaried individual with no different supply of revenue and also you declared your investments and bills (reminiscent of lease, PPF, and so on) to your organization, it’s possible you’ll not even need to fill in any information. In our case the shape was just about pre-filled and all we wanted to do was enter our financial institution particulars.
  8. To do that, click on the Taxes and Verification tab so as to add your financial institution particulars. Now scroll all the way down to D21. Bank Account Details, add the knowledge and click on Add. This is necessary and can assist you get revenue tax refund credited to your account. Once you have made certain that these are appropriate, make sure to scroll to the underside and click on Save Draft.
  9. Next undergo every of the tabs beginning with General Information. Make certain your title, handle, and different data is appropriate.
  10. Now click on the Income Details tab. This is the place your entire wage data might be pre-filled. In case it isn’t, get Form-16 out of your employer and manually key in your entire revenue particulars.
  11. Now scroll all the way down to part B5. Gross Total Income. Here you’ll be able to double-check if all of the deductions are accurately entered. Things reminiscent of life insurance coverage premium, PPF, NPS investments, medical health insurance premium, and so on. must be stuffed right here. Don’t neglect to examine C15. 80TTA Interest on saving financial institution accounts and key in curiosity earned all year long out of your financial savings accounts.
  12. Finally, examine C18. Total Deductions and C19. Taxable Total Income. Once you have made certain that these are appropriate, make sure to scroll to the underside and click on Save Draft.
  13. You have to examine the 80G tab now and declare charitable donations, if in case you have made any.
  14. Once once more, undergo all of the tabs and see if there’s any data you should add or something was missed. Once all of that is accomplished, go to Taxes Paid And Verification and scroll to the underside. Click I wish to e-verify after which click on Preview and Submit.
  15. Now click on OK within the affirmation field.
  16. The subsequent web page will present a preview of your total ITR so please learn all the things rigorously and ensure all particulars are appropriate. Then click on Submit.
  17. Now you may see a pop-up the place you’ll be able to choose the way you wish to e-Verify your IT return. Select Aadhaar OTP in case your Aadhaar and telephone numbers are linked. Else choose Net Banking. Then click on Continue.
  18. Now click on Submit.


Congratulations. If this course of was profitable you will note this affirmation message: “Your Return has been successfully uploaded.” If you have not e-verified it but, however you are able to do that as much as 120 days after you file your IT return. It’s a easy course of by way of web banking and even easier by way of Aadhaar OTP. Just log in to your IT e-filing account and click on My Account > e-Verify Return > e-Verify. Now observe step 17 above and also you’re accomplished.

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