From assessment year 2012-13, E-filing has been made compulsory for the person who is an individual or a Hindu undivided family (HUF), if his or its total income, or the total income in respect of which he is or it is assessable under the act during the previous year, exceeds Rs. 10 lakh rupees for the assessment year 2012-13 onwards. It clearly states total income and not taxable income.
Please read below to know how you can file income tax return online yourself.
Calculate Income tax
You can calculate your income tax payable using the income tax calculator provided at this page: Income tax calculator.
Also make sure that you also see whether the advance tax has been paid on time (See row 101-104 in tax calculator). In case you have paid the full tax but not paid on time as per the advance tax schedule, you are liable to pay interest under section 234 A, 234 B and 234 C. See this page for details.
Pay your tax online
Whatever pending amount you need to pay can be paid online on this link: Pay Taxes Online (Use only Internet explorer for this).
Select challan type as CHALLAN NO. /ITNS 280 and continue.
Select (0021) INCOME-TAX (OTHER THAN COMPANIES) in tax applicable field and
Select (300) SELF ASSESSMENT TAX in type of payment.
Select bank through which you want to pay.
You also pay through your net banking login on Axis Bank, Oriental Bank of Commerce, State Bank of Patiala, Bank of Baroda, IDBI Bank, State Bank of Mysore, Bank of Maharashtra, State Bank of Hyderabad, State Bank of Saurashtra, Union Bank of India, Allahabad Bank, Dena Bank, Syndicate Bank, ICICI Bank, State Bank of India, Punjab National Bank, Indian Overseas Bank, Canara Bank, Indian Bank, Bank of India, Corporation Bank, State Bank of Bikaner & Jaipur, State Bank of Travancore, State Bank of Indore, Vijaya Bank and HDFC Bank.
You can check online if your money has actually reached the I-T Department. For this you have to go to Tax Information Network Website and click the box CIN Based View. Provide details as per the receipt generated while online tax payment.
Fill Income tax return form
Download respective income tax form from income tax website. Income tax department has modified the return preparation software to include automatic calculation of tax and interest.
Income from Salary/Pension, interest and single house property: ITR-1
Income from more than one house property, capital gains: ITR-2
Income from partnership in a firm: ITR-3
Income from business/profession: ITR-4
Income from Presumptive Business: ITR-4S
Fill up the form with information provided in Form-16 and the tax calculated in income tax calculator above in Step 1.
If you don’t know Assessing Officer (Ward / Circle), Find it here by submitting your PAN.
After filling up the form, Generate tax return XML from the income tax form by clicking Generate button on first sheet of excels form.
e-File income tax return
After you have created a XML file from income tax return excel form, Go to Income Tax e-Filing Website.
Create your login on this page on website. It’s not mandatory, to use a digital signature for electronically filing the return.
a) Filing return without digital signature:
Login to income tax site and click on assessment year under submit return menu on left side of page.
Upload the generated XML on this page for 2012-13 assessment year.
On successful upload acknowledgment details would be displayed.
Take printout of acknowledgment/ITR-V Form. You may also download it later. Login and go to link on top right My account > My Returns.
Form ITR-V has to be submitted with the Income tax Department as verification of the electronic filing of the return within 120 days after the date of e-Filing.
Form ITR-V is bar-coded, so it need not to be folded and to be mailed in a A4 size envelope BY ORDINARY or SPEED POST ONLY to “Income Tax Department – CPC, Post Box No – 1, Electronic City Post Office, Bengaluru – 560100, Karnataka” within 120 days after the date of e-filing of return. ITR-V sent by Registered Post or Courier will not be accepted. No Form ITR-V shall be received in any other office of the Income-tax Department or in any other manner. Please keep a copy of the same with you also. After some day of posting the ITR-V, you can check status of receipt by going into account ‘My Account’ -> ‘E-filing Process Status’.
From year 2012-13, even if a person does not have digital signature, he can file online and even does not need to send ITR-V copy to Bangalore CPC (Central processing centre) address.
An electronic signature would be generated online in income tax efiling website after providing certain information from previous year’s income tax return. On validation of such information, unique PIN would be provided to person on email/SMS. This PIN can be used to file income tax return online without needing digital signature. This will also make sure no further hard copy needs to be sent to department.
b) Filing return with digital signature:
In case you don’t have digital signature and you want to buy that, you can buy class 2 or class 3. You can buy digital signature on e-Mudhra website . Class 2 individual certificate is available for Rs. 285 for 1 year validity.
In case return is filed with digital signature, user may take a printout of the Acknowledgment for his record. The tax-payer is not required to submit the Form ITR-V with the Income-tax Department.
Income tax department call center:
To assist taxpayers, a limited call center service has been established at ITD-CPC, Bangalore. Taxpayer queries on status of ITR-V receipt at CPC, Bangalore will be answered on 080-43456700 between 9:30 AM to 6 PM. The service will be available in English, Hindi and Kannada.
One may also call on 1800-425-2229 (Toll free) or 080-43456700 for status of receipt of ITR-V at CPC, Processing status of e-filed returns, Refund issues and any other information related to processing of returns at CPC. The working hours of CPC Call center have been extended to 9AM-8PM on all working days.
I hope this article will help many of us and make tax filing Simple & Easy. So please this year Do-It-Yourself.
Feel free to comment/suggest anything that I may have missed.
Note : No hard copy of any kind of proof needs to be submitted along with Income tax return.
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i have filled my return online… how to check the details of filled itr form, i am only able to download itr 5 acknowledgement but not the details which i filled online.
@Manish
You would only be able to download summary sheet (ITR-V) sheet from income tax website. You should have original file from which you filed income tax return yourself.
I missed the IT forms which i recieved from IT department after declring all my IT details. Now when i approached bank for housing loan they requested me to provide IT forms which i recieved from IT after submission of all the detals. Now how and where can i get those IT forms which i recieved from IT department for 2008-2009, 2009-2010, 2010-2011.
@Jagdish
There is no online method to retrieve your income tax returns statements if you had filed offline.
In-spite of ITR, you can show form-16 to bank for loan application.
My son who lives in USA has opened NRO FD accounts in Bangalore. He gets interest quarterly. TDS at 30% is being deducted. In April 12 he wants to file the Income tax return. I hope Form ITR .1 is the one suitable for earnings only by way of interrest. He does not have any other income in India.. Please let me know, whether he can get the general exemption of Rs. 1,80,000 as tax free. Also, what is the maximum amount deductible under sec. 80-C etc, from the interest earnings. Please guide me immediately to prepare myself to guide him. An e.mail may be sent to me….[email protected] with more details. Thanks in advance.
@V.R.Rao
He would need to file income tax return by ITR1 and claim 80C, 80CCF and other such deductions.
You may download and use income tax calculator for tax computation with investments.
s:
” Error in Upload of ITR.
The due date for ‘Original’ IT Return of ReturnFileSec 11 for Assessment Year 2008 is only till 31-03-2010. Please contact DIT Administrator for further details.
Please rectify the Above error(s) and upload your return again “.
Does this mean that for this year it cannot be done online?
Thanks!
Reply ·
· February 27 at 5:18pm
Pankaj Batra · Founder at SocialFinance · 128 subscribers
Yes, as last date of return filing has passed, it cannot be done online now.
Regarding the above conversation I have a doubt since I am also facing the same problem. What is the solution ? Who is the DIT administrator?
I need claim refund of excess taxes deducted at source (to the extent of 30k)and for that i need to file itr for financial year 2008-09. I was unaware till this year how to file ITR …..
Apprecite your help in this regard
@Vijay
You would need to file income tax return in hard copy in local income tax office.
Dear Mr. Pankaj Batra, I have e-filed the ITR-1 myself, for fin year 2010-11 in the month of Sep 2012. While filling I could know that I have filled it wrong. I approached a CA for help later. He told to me that I need to file ITR-4. Then he did it for me in the month of Oct 2012. However in Feb 2012, I received email from Income tax department, that my ITR-1(original) has been action-ed and refund has been paid. I contacted the Income Tax help desk with a request to consider my revised ITR-4. I got reply that original only will be considered as I have filed Original as well as revised ITR late. For revision to be considered, should be filed in stipulated time that is somewhere in the month of June. Please advice me if the departments reply on my request is correct? Also, can I get help as to how to fill ITR4 myself. I am a professional and receive in the form of consultation fee every month from one firm only.
@Pradeep
In order to get revised return processed, original return must have been filed before last date of return filing (31st July after financial year end).
Hi Pankaj, I relocated to USA as part of my job and have no income in India currently, but I receive interest on my savings account in my Indian bank and a 5 deposits of 20000 that my friend made to my Indian bank account that he owed to me. Do I have to treat this money I received back from him as income and pay tax for it?? Please advise.
Appreciate your help on this forum !
Thanks
@Chandra
You would need to pay income tax on income earned in India and file returns for same.
In case you gave the amount as loan to you friend, getting it back should not make it taxable, but interest earned on this deposits would be taxable in your hands.
Hi pankaj
I am a salaried employee. 2011-12 income approx 2.16L . I have saving account but intrest is not above 10,000. I have LIC investment(around 7000/-). Do i need to fill income tax. And what exactly is income tax return form. Difference between ITNS 280 and ITR1. Which one i need to fill and where (online)? Also for 2010-2011 my income was around 30,000/- do i need to fill nil return, how and where. Please please reply, i am very confused.
@Chandrashekhar
If you were employed with only single employer in financial year 2011-12 and whole income tax (including that on bank interest) has been paid through TDS by employer, then there would not be any need to file income tax return. But it would be required in all other cases.
In case you would need, you would need to file ITR1 before 31st July after paying taxes (if any pending).
In 2010-11 as your income was below taxable range, income tax return filing is not mandatory.
WHEN WIL WE GET ITR FORMS FOR 2012-13 IN EXCEL FORMAT FOR EFILING
@Deepak
It should be released soon in a month’s time.
I am government teacher I had filed i.t. in the manually written form for the year 2011-2012 but still now i could not file the return for that year. Can i submit the return for that year now? One more question, Please define the easiest way to I.T.return via e-return.
Hi Sir,
I am salaried person, my company on a regular basis deduct income tax pay behalf me, my company calculate income tax amount based on proofs submitted till December of every financial year, but this year I took home loan in January, how can I show home loan interest for the 3 months in this financial year in the IT returns?
CAN ICLAIM MY N R O ACCOUNT TAXRTURN WHICH IS 30 PERSENT WHICH FORM CAN TELL ME PLEASE