Devi Sree
Learn how to file your income tax return easily and accurately with our step-by-step guide, ensuring compliance and maximizing tax benefits.
Our user-friendly guide breaks down the process into easy-to-follow instructions, helping you ensure accurate filings and compliance with tax regulations.
Source: https://www.bankbazaar.com/tax/step-by-step-guide-efile-income-tax-return-online.html
Form 16: Download it from your employer's online portal or request a physical copy.
Investment Proofs: Have documentation for investments made during the year (e.g., PPF statements, life insurance policies, mutual fund investment details).
Bank Statements: These may help verify income sources and tax deductions claimed.
PAN Card *and
*Aadhaar Card
ITR 1: For individuals with income from salary, one house property, and other income sources below ₹ 50,000.
ITR 2: For individuals with income from business/profession, capital gains, or foreign income.
ITR 3: For companies and businesses.
Step 1: Visit the Income Tax Department e-filing website: https://www.incometax.gov.in/iec/foportal/.
Step 2: Register or log in using your PAN card details.
Step 3: Choose the assessment year (the financial year for which you're filing).
Step 4: Select your ITR form and start filling it out.
Step 5: Enter all relevant income sources, deductions, and tax calculations.
Review the filled form for accuracy and verify the details using Aadhaar OTP, net banking, or by sending a signed physical copy to the CPC.
Once your ITR is verified, you'll receive an acknowledgment receipt. Keep these supporting documents for your future reference.
