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.
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.
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.
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.
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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View Comments
HI Pankaj,
I have joined new company in dec 2010. in F&F from my previous employer of this financial year, he has not given me benefit of HRA. My current employer is giving me benefit of HRA for only 4 months (dec'10 to mar'11). So, can I claim my HRA benefit from Apr'10 to Nov'10 while filing my ITR next year.
If yes, please let me know the procedure.
Thanks in advance.
@Pawan
HRA exemption is based on HRA component in salary, basic salary, actual rent paid and place where you live.
In case your package at previous employer did not had House Rent component in salary, you can not claim HRA exemption.
In case HRA was part of package, but exemption was not considered because proofs were not submitted, Logically you can claim deduction for HRA in income tax return.
But return form does not have field to specify same and no additional documents is accepted along with return forms. So if you file return asking for refund after HRA exemption, income tax department may raise query for providing more details like rent receipts, lease agreement etc.
Hi Pankaj,
Thanks for your reply.
I do have HRA as a part of my package but exemption was not considered. I have rent receipts so that is not a problem with me, if asked for submission.
Hi,
Am filing AY 2010-2011 return now. There is a generate xml button on every sheet. Which button among these sheets has to be pressed to generate xml?
Any one? or the first sheet?
Rgds
Anil
@Anil
Pressing button Generate XML on any sheet will generate same xml .
I took a loan from lic hf for my appartment and now i am staying at rented house in bangalore, which is 16 km away from my own appartment due my office requirments.
Can i claim my rent and housing benfit on interest of 1.5 lakh for my loaned appartment
@Srinivas
Generally , you can claim both HRA and home loan benefits if owned home is not at a commutable distance from office. But 16 km does not look like far off.
If your employer allows you to show both, you can do so, but be prepared for valid and logical reasons in case of a query/scrutiny from income tax department.
Hi,
I got my form-16 from company on 2 June 2009 (thru' email) (Period: 1Apr2008-29Aug2008) but I haven't filed for tax returns yet. I no longer work with that company and rite now doing higher studies. Am I still eligible to apply for those tax returns? if yes, which form I need to fill out?
also Can you please explain procedure of e-filing in detail with form16 as I haven't done that before.
Also my form16 is digitally signed and tax returns are already calculated
@Rashmi
In case your income was not more than non-taxable limit as per income tax slab, you can even skip filing file income tax return.
If not, and you had paid income tax, then you would need to file one.
This page already has steps to file income tax return: http://www.pankajbatra.com/india/file-income-tax-return-online-yourself/
Thank you for your reply Pankaj :)
Yes I had paid ITax. So as per your comment, I am still eligible to apply for tax return even though that tax was paid in 2008, rite?
And I should use latest ITR 1 form for the year 2010-2011, rite?
@Rashmi
Last date for filing income tax return is by end of assessment year. So 31st Dec, 2010 was last date for filing income tax return for AY 2009-2010 (FY 2008-09).
You can submit return now as well, but If a return is submitted after the due date, the following consequences will be applicable:
1. The assessee will be liable for penal interest under section 234 A.
2. A penalty of Rs 5,000 may be imposed under section 271 F if belated return is submitted after the end of the assessment year.
3. If the return of loss is submitted after the due date, a few losses cannot be carried forward.
4. If the return is submitted belated, deductions allowable under certain sections will not be available.
hi i m yamini. i want to submit itretun file , i dnt know abt any thing . for home loan purpose i want to make my file, my pmt is in cash mode how can i show?
@Yamini
You can file ITR 1.
You can claim
1. home loan principal amount paid in financial year under 80-C section, subject to max combined limit of 1 lac for 80C
2. interest portion under loss from house property section, subject to max combined limit of 1.5 lac.
Dear Pankaj Batra,
I filed a tax returns online and posted the hard copy to the mentioned address twice. But I have still not got my E-receipt via mail as mentioned by the IT dept.
Please let me know how I can track my returns status online and what should I do to get the acknowledgment of the E-receipt
@Greg
Taxpayer queries on status of ITR-V receipt at CPC, Bangalore are answered on 080-43456700 between 9:30 AM to 6 PM.
Hello Pankaj,
I've very less knowledge about tax world.I joined a company 2006 and paying tax every year but not sure about all the necessary documents which I need to keep as well as I dont think tax department refund me any money. Please tell me how can I get information about my tax payment and refunds Since 2006 till the date. Thanks.
@Manoj
For all income tax returns submitted physically, You must keep the income tax return acknowledgement provided by income tax office.
For e-filing, you can get details by logging onto income tax website (https://incometaxindiaefiling.gov.in/).
Regarding previous year refunds, you can check same in Form26AS, which can be seen after login on this link: https://incometaxindiaefiling.gov.in/portal/EndUserMenu.do?screen=viewTaxCredit
Thanks Pankaj, I'll try to get information. Thanks again.
hi pankaj sir i have e filed my return for A/Y 2010-2011 but i dont know about to send it to bengluru is there any remedies available for me please help as i have a refund on that and i deposited that return on 30th july 2010 physically with tax counter given bt it dept....
@Vikas
In case you filed income tax return on internet and had not submitted ITR-V to bengluru address, return won't be counted and you will have to file return again.
In case you submitted return physically in income tax office, then there is no need to file again.
Hello Pankaj,
I didn't send ITR V to tax office for year 2007 and 2008. Please tell me, can I send it now?
Kindly suggest. Thanks.
@Manoj
ITR-V is only needed to be sent, in case you filed income tax return online.
And in case, income tax department does not receive ITR-V till 3 months of filing return, return becomes invalid and will have to be filed again.