Income Tax Return filing is a very easy process and most of us having income more than the basic exemption limit of Rs. 2,50,000 are bound under law to file our Income Tax Returns. But in many cases I have seen that people are very hesitant to file their return themselves and are afraid of making mistakes while filing returns. Thus they hire a consultant to file their returns. In my opinion, hiring a consultant is a good step if your return filing process is complicated like in case of a person running a business or profession. But in case of salaried employees/pensioners, who are not having income under any other head or having only interest or dividend income along with salary/pension, filing of return is a layman’s job and can be done by the assessee himself very easily.
So in this article, I will show you step by step how to file income tax return online for income from salary/pension easily using online ITR Forms 1.
Things you will need before you begin to file income tax return online:
- You must register yourself with the Income Tax Official Website https://incometaxindiaefiling.gov.in
- You must have your Form 16 given by your employer ready
- The details of all your bank accounts like IFSC Code and Account Number
- Aadhar No. (Optional)
Lets us begin to file income tax return online.
First Head to the Income Tax Official Website https://incometaxindiaefiling.gov.in and login
Note: Your PAN will be your User Id to login. After logging in, you will see your Dashboard. Click on e-File —> Prepare and Submit Online ITR
Now you will see that your PAN is displayed automatically
Select 2017-18 as the Assessment Year from the drop down and ITR 1 in the ITR Form Name.
Prefill address with—> From PAN Database (If you want to enter a different address than that in your PAN Database then you can select the other options.)
If you have a digital signature then select Yes or else select No and click on Submit.
Now you will land into the page where you will file your return. It will look like this
Please read the instruction carefully before proceeding. Once you have clicked the instructions then click the Right Arrow Button or you can click ‘Part A General Information’ in the pages tab.
You will have to fill in the mandatory field marked with *.
In Employer Category select appropriate option relevant to your current employer. Residential status will normally be resident unless you stayed outside India in 2016-17. If you stayed outside India during the year 2016-17 then you will have to calculate your residential status as per prevalent rules of Income Tax. In our case we will assume that we are resident for the FY 2016-17.
In Return Filed option select ‘On or before due dt 139(1). This is applicable if you are filing your return before the due that i.e. 31st July 2017. Else you can select other appropriate options.
Select ‘Original Return’ in Whether original or revised return. However if you are filing a revised return then you will have to select ‘Revised Return’ and fill details of the original return that you had filed.
Note: Do not click “Preview and Submit” until details in all the pages have been filled. Click “Save Draft” and proceed.
Are you governed by Portuguese Civil Code as per Section 5A —> Select No (If you fall under this category then select Yes)
Click “Save Draft” and then the right arrow to go to the next page “Income Details”.
The page for income details will look like this:
Here you will have to refer to your Form 16 Part B given to you by your employer and fill in details of your income and deductions.
Your Form 16 Part B will look like this:
So carefully fill in details of your income from the Form 16 Part B and then you will be able to see the amount of tax liability calculated automatically in the Income Details page.
Then move to ‘Tax Details’ page where you will be able to see the amount of TDS deducted by your employer automatically in SCH TDS1 and you will need to select it by clicking the checkbox:
If you have any tax credit for TDS by banks etc. then you will be able to see it on SCH TDS2 automatically.
You just need to verify the amount shown in this page with your Form 16 Part A and move to the next page i.e. ‘Taxes Paid and Verification’
In this page you will be able to see the details of taxed paid by you directly & TDS by your employer or others. Here you can see your final tax liability based on income declared by you in your return and additional tax payable or tax refundable, if any. If you scroll below you will find the place to fill in your bank details.
Fill in the details of all your bank accounts (including dormant accounts) and finally fill the verification part at the bottom of the page.
If you have made any donations in the FY 2016-17 which qualify for deduction under section 80G of the Income Tax Act then you will need to fill in those details in the 80G page else you can click “Preview and Submit”. Now you will be able to preview your ITR 1 duly filled with all the details provided by you and after verifying that all data put into it is correct, you can finally click Submit.
Bravo! You have successfully filed your Income Tax Return Online for the AY 2017-18 using ITR 1. You will see a confirmation message for the same.
Verifying your Return
All you need to do now is verify your return with the options given in front of you and you are done.
Hope that you liked the article. Please comment below to share your thoughts and share this article with others to help them file income tax return online.
If you want to see a video tutorial of the same in Hindi then watch the video below.