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File Income Tax Return Online

Posted in Finance, Income Tax, India.

From assessment year 2013-14, 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. 5 lakh rupees for the assessment year 2013-14 onwards. It clearly states total income and not taxable income.

Please read below to know how you can file income tax return online yourself.


income-tax-return-form-efile

Calculate Income tax

You can calculate your income tax payable using the income tax calculator provided at this page: Income tax calculator. Income tax return excel utility also computes income tax, but they only take taxable income as input.
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 C. Income tax return excel utility also computes interest penalty u/s 234C.

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.

Make sure to add interest penalty as computed by income tax return excel form u/s 234A, 234B and 234C in case of tax payments after due date.

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 ( but with exempt income is less than Rs. 5,000) : ITR-1

Income from more than one house property, capital gains, salaries, pension, interest and exempt income more than Rs 5,000: ITR-2

Income from partnership in a firm: ITR-3

Income from business/profession: ITR-4

Income from Presumptive Business: ITR-4S

Exempt income here includes transport/conveyance allowance, HRA exemption, agricultural income, insurance maturity amount, LTA, Gratuity, Interest on PPF balance, Leave Encashment, Income from Mutual Funds, Dividends and long term capital gains.

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.


1,434 Responses

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  1. akand says

    what is the standard deduction for salary in FY 13-14, ie AY 14-15?

  2. Ashish says

    Hi Pankaj,
    Yesterday, I filed my income tax return (ITR-1). In the return form, there is Schedul1-TDS, where ‘Income Under Salary’ was pre-filled from Form 26AS. I did not change the same and submitted the return.
    The amount which was pre-filled from Form 26AS was actually ‘Gross Salary’ paid by employer i.e. the amount was before section 10 deductions.
    Today, my friend asked me whether that amount should be ‘Gross Salary’ or ‘Salary after section 10′. Now, I am confused. I searched various sites, but, answer is different everywhere. Can you please guide me what is correct? Also, do I need to file return again in case it should be ‘Salary after section 10′?
    Thanks,
    Ashish

    • Pankaj Batra says

      @Ashish
      Ideally it should be income chargeable under head salaries only, as name suggests. But if employer has shown gross figure in Form-16 (from where form 26AS picks it), you should not change it.
      There won’t be much issue because of this; if you declare exemption under section 10 in ITR-2 under schedule S.

      • Ashish says

        I have filled ITR-1. There is no provision to specify section 10 items.

        • Pankaj Batra says

          @Ashish
          If your exempt income is more than 5,000 u/s 10, you should fill ITR-2 and not ITR-1.

          • Ashish says

            Hi Panakaj, thanks for your guidance as always.

            Can you please advise what should be done now? I have already submitted ITR-1. However, I have not sent the ITRV copy to Bangalore. Can I fill ITR-2 now? If yes, then will it be Original or Revised if I fill it before / after 31-July?

            • Pankaj Batra says

              @Ashish
              You need to file a revised return now with ITR-2 file.
              After filing, you should send both ITR-V (from original ITR1 and revised ITR2 returns)

  3. S Sen says

    Nice article but i have few queries
    I am a retired coal india employee. My only sources of income now is pension and interests on savings account,FD from bank.

    1. The taxes on interests have already been taken by TDS as shown in form 16A from bank. But no taxes are levied on pension. So while e filling it showed tax payable as almost 12k. So should i pay the taxes online before e filling and mention the CIN in it? Which challan should i choose while e payment? Tell me the whole process urgently as 31st july is around the corner.

    2. The TDS has been levied by bank at 10% but my interests are coming more than 5 lakhs so does that matter?

    3. Should i fill the pension income and interest income collectively under “income from salary/pension” or fill them out separate i.e pension under “income from salary/pension (tds1)” and interest income under “income from other sources (tds2)”?

    Thank You

    • Pankaj Batra says

      @S Sen
      1. You should pay pending tax payable before filing income tax return. You should go to this link: https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp Click on CHALLAN NO./ITNS 280, choose (0021)INCOME-TAX (OTHER THAN COMPANIES) in tax applicable, select assessment years as 2014-15 and Type Of Payment would be (300)SELF ASSESSMENT TAX.
      2. Bank deduct TDS at lowest rate of 10%. In case your taxable income falls in 20% or 30% slab, the remaining tax needs to be paid by you.
      3. Pension income would go under income from salaries. Interest income would go under income from other sources. You can also claim deduction upto Rs 10,000 for saving bank account interest.

      • S Sen says

        Thank you very much for replying.
        But the tax will calculated on the total amount of pension and interest income right? So no matter much they cut in TDS, i will have to pay the remaining taxes, which will be calculated on total income.
        After paying tax i should quote the CIN in the ITR right? Will it be generated at the end of paying taxes?
        And how to claim deduction in interest income?
        One more query, which employee category should i belong? It should be N.A. right as i am retired coal india employee.
        Thank you

        • Pankaj Batra says

          @S Sen
          Yes, tax would be computed on total income and you would have to pay remaining taxes yourself (after TDS).
          Challan details (BSR code, challan no etc) would be generated instantly once you pay taxes online.
          Interest income deduction can be availed u/s 80TTA. There is an option in ITR to declare same. It be availed Upto Rs 10,000 on saving bank account interest (not on FD and RD interest).
          As you are not in job anymore, you can mention NA in employer category.

          • S Sen says

            Thanks it clears up my doubts. I will pay the taxes but currently i think there is some problem with SBI when i select ATM card payment option. It takes me to a payment gateway with ₹ 1 pre-selected as amount. I don’t know what is that for. But if i proceed, it shows technical error. I will check later or do offline payment

            • Pankaj Batra says

              @S Sen
              There may be some temporary issue with SBI debit cards.
              I would suggest to wait for sometime or try a different payment method (SBI net banking or any other bank account)

              • S Sen says

                Yeah i will see. Dont have net banking facility. Only option will be offline payment by going to bank if all else fails. Can u figure out what that ₹ 1 deduction is about?
                Thank you very much for your swift replies to my queries.

                • S Sen says

                  The e payment didnt work, so i had to stick to offline payment. As i paid via cheque i didnt get the challan number on that day. The bank told i would get after 2 days. Now the last date for e filling is over. I have to file u/s 139(4) right? What will be the interest payable u/s 234A or B or C if my remaining tax to be paid was 12460/-? Can i pay the interest next year? What problems i may face if i file belated retuen except for inability to revise it?
                  Thank you

                  • Pankaj Batra says

                    @S Sen
                    Yes, you would need to file under 139(4) as due date as passed.
                    When you fill return form, it would automatically compute payable interest u/s 234A/B/C.
                    The interest penalty would have to be paid before filing return only. It cannot be paid later.
                    As such there is no issue in filing return late except revision and delay in refund (which is anyways you don’t have).

                    • S Sen says

                      I gave the offline tax via bank through cheque on 30/7 and they told they will give challan on 31/7. I thought i would complete the filing on 31/7. But they gave tge challan on 2/8. Now 234A is showing interest of ₹ 124. Now what to do? I know i shouldn’t have kept this to the end and i am new to this e filling stuff. Please suggest me what to do?

                    • Pankaj Batra says

                      @S Sen
                      I would request you to pay remaining 124 also and file return.
                      You can use your family/friends/relatives net banking/debit cards to pay online if your SBI debit card is still not working.

                    • S Sen says

                      Under what type of payment will my interest go? Is it again self assessment tax? What if i dont pay it now and file.
                      Thank you

                    • Pankaj Batra says

                      @S Sen
                      Yes, it would again go under self assessment tax.
                      If you don’t pay this, there would be a tax demand generated by assessing officer once he assesses your return.

                    • S Sen says

                      Yes, i gave the interest via debit card. The site was working. I would like to thank you very much, Mr. Batra, for this thorough help throughout the procedure. Hopefully, i will not face problem in next filing.
                      Cant we send the ITRV in a normal envelope by folding?
                      Thank you again.

                    • Pankaj Batra says

                      @S Sen
                      Yes, you can send ITR-V in a normal envelope, but please make sure that bar coding is not folded.

  4. ASR says

    Hi Pankai,

    I’ve a query –

    Case # 1 : If my total income is just from Savings accounts (Total amount is less than INR 10,000) and I’ve put that all in section “Income from other sources (Ensure to fill SCh TDS2)”. Now, I’ve claimed that amount back by putting the same under 80TTA. In this case, Do I need to fill SChedule TDS2 (Details of TDS from income other than salary (As per form 16 A issued by deductor). I’m using JAVA utiliy to file the return.

    Case # 2 : If One have income from salary (less than 2 Lacs) but he got his TDS generated and reported to IT dept and also another income just from interest of savings account (less than 10,000). In this case, what do he need to do with the SCh of TDS2 under “Tax Details” section?

    Kindly help me with this.
    Thanks,

    • Pankaj Batra says

      @ASR
      If there is any deduction done by bank on interest (if they have deducted TDS, they would issue form16A also), then same has to be mentioned in Schedule TDS2, else there is no need to fill it.

  5. ASR says

    Ok so, in my case I can just add all the interest earned from saving accounts and put in under head “Income from other sources” and claim the same amount back under section 80TTA?

    Thanks,

    • Pankaj Batra says

      @ASR
      Yes, you are correct.
      But make sure that the deduction u/s 80TTA is taken only for interest from saving bank account (not for Fixed deposits or Recurring deposits)

  6. Manoj says

    Hi pankaj my employer made deduction from salary and had challans also but not showing in 26AS form what to do?

    • Pankaj Batra says

      @Manoj
      You should ask your employer for same.
      Also please check if they have quoted correct PAN.

  7. jeevan says

    Dear Pankaj,
    First off all I want to salute you for giving the advise to all boarder.

    I have one query regarding second flat which I am planning to buy. My wife will be co owner with me in this property. But she is not earning any income as she is housewife. Hence full emi will be paid from my account only. I have three query on this
    1) as full interest is paid by me, will I get the full tax benefit on the interest on loan?
    2) 70% income which I will get from the property will have to deduct from the net interest that I will get. In this case can I show 100% income generated is going in to my wife account in order to maximize the tax benefit or can I show 50% income from the property to my account as I am Only 50% owner???
    3) let say my parent or my relative is living in this second property which will yield zero income to me.. In this case can I say I am getting zero income from the second property?? How to show this in some in itr???

    Regards
    Jeevan

    • Pankaj Batra says

      @Jeevan
      1. Yes, if you pay full interest, you would only get full tax benefit on interest.
      2. It won’t be wrong to show whole 100% income going to wife. Rent should also be divided in same ratio in which property is owned.
      3. You will have to show a notional rent on second property. One cannot have more than one property shown as self occupied.

  8. Zubair says

    Hello Mr. Pankaj, I am filing e-return on the government website, In Deduction Under section VI A —> C.7 80DD, I am adding 50000 amount but in the final Refund, amount doesn’t change. i.e. if I add or remove 50k under 80DD (Dependent handicap child) the refund amount is same. How the refund works in this case. I have the relevant certificate.
    Please advice.
    Thanks

    • Pankaj Batra says

      @Zubair
      There may be some issue with website.
      Can you try using excel based tool for filing.

  9. ASR says

    Hi Pankaj,

    While sending ITR-V to CPC Bangalore, what need to be filled/declared at this statement?
    “I further declare that I am making this return in my capacity as___________________”.

    Since last 3 years, I am not filling anything in there.Will it create any issues?

    • Pankaj Batra says

      @ASR
      In case of Individual it can be Your Name, Individual or leave this field blank.
      There is no issue if its left blank.

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