in Finance, Income Tax, India

File Income Tax Return Online

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.

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1,489 Comments

  1. Sir,

    My friend has to received refund from ITR Deptt. But while seeing refund status, it has been shown that ‘Refund failed at CPC”‘

    How to resolve the issue? Please advice.
    Regards
    Anita

  2. Sir,
    While applying for Refund Reissue Request, the CPC Reference Number is showing incorrect again and again which has come under Intimation u/s143(1) of the Income Tax Act,1961. e.g.CPC/1314/A1/1312685222

    Sir,how to resolve this issue.

  3. Thanks Sir. We enquired from CPC call center. They said the number of is okayed.You can try again.
    Then what we did that we copied this Ref.No. from their sheet and then paste and we succeeded in this process.

    Regards,

  4. Sir,
    One of my colleague received letter under section 245 to pay demand of Rs.40550/ for 2012-13 and Rs.17850/- for the year 2010-11. But my colleague says, there is no previous dues pending as shown by ITR Deptt. How to resolve this problem. Can we apply for rectfication request. But which CPC reference number is to be used.

    Awaiting for your reply Sir.

    Anita

    • @Anita
      It would be best to visit income tax office and submit a written letter (with supporting documents) for clearing demand to assessing office.
      I also had similar case and unnecessary demands were raised. I got it cleared by showing them return copy, tax challans and form-16 copies.

  5. Dear Mr.Pankaj,

    I think gratuity should not be include in the first half of Income as it give a wrong impression of On Hand Salary since gratuity is paid after 5 years of continuous work

  6. Dear Pankaj, I have received shares amount of Rs. XXX after selling it, but the company did not deducted the tax from that. How should I calculate the tax for this and how to pay it? Please guide me.

    • @Saji
      As amount is received from share sale, it would be a capital gain and not normal salary income.
      Income tax on it would depend on two factors: 1. Are shares sold on any of the Indian stock markets 2. How much was the holding period.

      • Dear Pankaj, Its taken by the company itself (its indian company). Holding time is 3 months. Please guide me. Should I add this to the my present taxable income (salary). And then calculate the tax for the sum. Please guide.

  7. Sir,
    One of our colleagues, did not receive refund although more than 10 months have been passed. The refund status still shows ” Not determined”. How to take up the matter with income tax officials. Because till date no intimation has been received.

    Regards

    Anita

  8. Sir,

    Under which type of payment in Form No.280 ITNS the demand identified by ITR Deptt. has to be paid by the individual. Please guide.

    Regards
    Anita

  9. Hello Pankaj Sir,

    I have some personal enquiry about CA course after 12th. Can CA be done with regular (evening) college or with distance education. Somebody says, it is not possible with regular and in open day of delhi university it has been said that CA can be done with regular college. If someone do CA with regular college then how can the Articleship for 15 months will be done.
    Please throw some light on this matter. Please guide on this matter urgently as DU regular admission are on.

    • @Anita
      As per the new guidelines CA cannot be done with the regular college; however one can do CA with any correspondence or distance learning course. You are required to undergo training under a CA after qualifying first group of IPCC which generally takes 18 months from passing first level i.e. CPT

      You may join a college for 2 years till the time you pass your IPCC group 1, but once you pass the group then in any case you will have to leave college in order to go for the CA training and the duration of training is 36 months

      Assuming that you will take your CPT in Dec’14 and IPCC group 1 in Dec’16 I would advise you to join a college for at least 2 years and these days even if you leave college after 2 years they do give some sort of degree (not sure though).

  10. Hi sir,
    I changed from one company [pvt] to another [pvt] one after 5.5 yrs of service with previous company. I got my gratuity from my previous company. Is that gratuity is taxable?

    Thanks
    Satya.

      • But in form 26AS amount is showing as “ABC INDIA PVT LTD EMPLOYEES GRATUITY TRUST”, then tax deducted is 0.
        I thought amount showing in form 26AS and tax not deducted means, I need to pay tax for that amount. Thanks a lot for the confirmation.

  11. Hello Sir,

    For the A.Y.2014-15 to download the ITR forms from the site of incometax seems very difficult. How could it be possible to download the ITR2, 3,4 and 5.

    ITR1 can be filled through quick efile option. Not able to download other Forms from Zipfile.

    Please guide.
    Regards
    Anita

    • @Anita
      Looks like IT department have changed tax filing software and they have now moved to an application based filing rather than excel file (which was used earlier).
      You would need to download zip file and it would contain some jar files along with executable bat file. You need to install Java into your machine in order to run it.

  12. Sir,
    I have following income figures in Form 16 to enter into ITR-2. My question is how to enter these figures in PARTBIT. Someone was saying that From Grand Salary minus 53138 and add 74437 then 2448599 will come. Then I will put H.P. income in HP Sheet with interest on loan etc. Then where to put -5489.

    Grand Salary 2427300
    Value of Perquisite 74437
    Less Allowance exmpt 10 53138
    Income Chargeable 2448599
    Income Reported by Employee
    From H.P. 61213
    Less Intt.on HBL 103525
    Income from interest 31323
    Any other income 5500 -5489 2443110

    Please guide me.

    Regards
    Anita

  13. questions matching ‘My wife has income for which company has deducted TDS under section 194 D and 194 J. I wish to claim refund as her income is Rs. 3 lakh and she has paid LIC premium of Rs 54000 during 2013-14 which ITR she should file to claim refund? Please also advise if there is any website which help in filing ITR4.

    • @Suhas
      She would need to file ITR-4 as she has professional/business income.
      As ITR4 is complex, there are not much online resources available. I would advise to get help from a local CA/Tax professional.

  14. Sir,

    My colleague has got refund for the period 2013-14 from IT Deptt. But now she says the refund which was received by her is less as she did not mention certain things earlier.

    My question is that can she again fill revised itr for 2013-14 to get more refund.

    Anita

  15. I have got entry for withdrawl EPF in Form 26AS ,but i didnt get any FORM16 for that ,so would the EPF be a part of Gross Total Income .Please guide.

  16. Hi Pankaj,

    What will happen if saving account interest is greater than 10000 and is not shown while filing ITR.

    • @Swati
      Nothing will happen unless IT department finds it out and send you notice to pay tax on same.
      But yes, you should report it in ITR. You can file revised ITR to show same.

  17. Hello Pankaj,

    I got some interest paid on the amount I’ve in savings account. Out of which I got the interest paid to me in June 2014 which I’ve earned partially for my last quarter of FY 2013-14 (Jan to March 2014). So, should I report this interest in my ITR this year or next year?

    Details are below –

    2 Sept 2013 – Interest Paid for 1 March 2013 to 31 Aug 2013 – INR XXXX
    30 Dec 2013 – :Interest Paid for 1 Sept 2013 to 29 Dec 2013 – INR XXXX

    30 June 2014 – :Interest Paid for 30 Dec 2013 to 29 June 2014 – INR XXXX

    The question I had is for the Interest paid on 30th June 2014 where details says – Interest Paid for 30 Dec 2013 to 29 June 2014

    • @AS
      Ideally, interest till Mar 2014 should be reported in ITR for AY 2014-15.
      You can get interest certificate from bank if you want to report interest till 31st March, 2014.

      But as it does not change any computation because of tax free rule u/s 80TTA, it does not bother IT department much.

      You need to report all interest (not only which is shown in form 26AS) earned in FY (whether saving bank account/Fixed deposit/Recurring deposits) under income from other sources. You should claim also deduction u/s 80TTA upto Rs 10,000 for saving bank account interest.

  18. Hello Pankai,

    One more question – Do I need to add the interest earned from my savings account (Total interest earned it around 2000 INR for whole FY 2013-14) in my total income while filing ITR or Do I need to just add all the interest which was reported as per form 26AS?

  19. Thanks Pankaj !

    Ok, so I’ve two earning when it comes to bank interest

    A) One is from Saving bank account.
    B) Another is from fixed deposit.

    – I will put in all the amount altogether for interest earned from SB account in deduction u/s 80TTA. Where I will put the amount what I’ve earned from fixed depost/Multi option deposit (Which has been reported to Income tax in 26 AS as well? Will I claim this one as well under some deductions or it will go towards “Income from other sources”?

    – Under which section, I will claim the amount deposited in PPF and LIC and what is the maximum claim limit for LIC and PPF investments for this year?

    Thanks!

    • @AS
      First you will have report whole interest earned (SB+FD etc) into income from other sources.
      Second, you would claim deduction only for SB account interest u/s 80TTA.
      So, whole of your FD and Multi option deposit interest would be taxable and there is no deduction available for it.

      You can claim deduction for PPF deposit and payment towards LIC policies under section 80C. Max limit for 80C is one lakh only for FY 2013-14.