Note: You can now file your taxes through the New income tax portal. The New portal comes with a plethora of features and is designed to ease the tax filing process.
Step 3: Click on 'Taxpayer' and then enter the details of your PAN and click on 'validate'. Next, click on 'Continue'.
Step 4: Provide details such as your name, address, gender, residential status, date of birth, etc.
Step 5: Provide your Email ID and registered mobile number.
Step 6: Once the form has been filled up, click on 'Continue'.
Step 7: You will have to verify the details following which a 6-digit One Time Password (OTP) will be sent to your registered mobile number and Email address.
Step 8: Enter the OTP and follow the instructions given to complete the registration process successfully.
Step 9: Once the OTP has been verified, a new window will open where you will have to verify the details provided by you. In case any detail given is incorrect, you can change it, following which another OTP will be sent to validate the change.
Step 10: The final step will be setting up a password and secure login message.
Step 11: Click on 'Register' following which you will receive an acknowledgment message stating that the registration process has been completed successfully.
Calculate your income tax liability as per the provisions of the income tax laws.
Use your Form 26AS to summarise your TDS payment for all 4 quarters of the assessment year.
Based on the definition provided by the Income Tax Department (ITD) for each ITR form, determine the category that you fall under and choose an ITR form accordingly.
Step 1: Visit the official Income Tax e-filing website and Click on the 'Login' button.
Step 7: Choose the income tax returns (ITR) you wish to file. For example, ITR 2 can be filed by individuals and HUFs who don't have income from business or profession. Similarly, in the case of an individual, they can choose the option ITR1 or ITR4. Here you will have to click 'Proceed with ITR1'.
Step 8: The next step will ask you the reason for filing your returns above the basic exempted limit or because of the seventh provision under Section 139(1). According to the section, if the aggregate amount deposited by an individual exceeds Rs.1 crore in one or more current accounts during the year, exceeds Rs.2 lakh on a foreign trip, or if payment of more than Rs.1 lakh is paid on electricity bills, then the person can file their income tax returns. Make sure you choose the right option.
Step 9: Fill in the details of your bank account. If you have already provided the details of your bank account, then pre-validate it.