How to File Income Tax Online?

1. How to file income tax online?

2. Introduction E-filing or electronic filing is submitting your income tax returns online. There are two ways to file your income tax returns. One is the conventional offline route. The other way is to e-file your return on the internet. Return filing process has been immensely simplified by introducing online income tax return filing.

3. Different types of tax return forms • Form 26AS: In income tax filing, Form 26AS has its own importance. This form is an annual statement that has all the details of the tax credited against the PAN of a taxpayer. You can access this form from income tax e filing portal of the tax department through your PAN. You can refer to your Form 26AS to find out the income on which taxes have been deducted along with taxes that have been paid by you or deductor on your behalf. • ITR1 Sahaj Form: Be it e-filing or otherwise, ITR 1, also known as Sahaj, is the simplest of all income tax return forms. It’s meant for resident individuals whose total annual income is below ₹50 lakhs.

4. Which ITR Form Should You Fill?

5. How to register for itr e-filing Registering for ITR e-filing is a simple process. You can do so in the tax department’s e filing website. Keep your PAN, mobile number and email ready, as they are an important part of the registration process. To register yourself for income tax e-filing: Open incometaxindia.gov.in and click on ‘Register’. Select the user type from the list of options available, and click on ‘Continue’ Enter the details with asterisk mark, as they are mandatory. Click on ‘Continue’ once the details are filled. Next, you are required to fill up details such as password, mobile number, email id and address. The tax department will use your contact details to send you SMS/Emails. Also, you need to choose two secret questions that would be used in case you want to reset the password of your account. Click on ‘Continue’ once you have filled them up. You need to verify your registration to complete the process. You will receive a one-time password on your mobile number and a verification link on your email address. Enter the OTP and click on the link to successfully register yourself.

6. Conclusion To conclude, we have understood how to file an ITR online. You should learn about income tax further to increase your understanding of the same & increase your awareness.

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