Skip to main content

This is Step by Step Process to file Income Tax Return for Beginners

A guide for beginners: Step-by-step process to file Income Tax Returns (ITR)

income tax return for beginners

The deadline for filing Income Tax Returns (ITRs) for the fiscal year 2022-23 is July 31, while the new assessment year 2023-24 will begin on April 1. Make sure that you file income tax returns by the deadline as it is mandatory to do so without which you will incur late filing charges of Rs 5,000. 

Electronic filing (e-filing) of income tax return is offered by the Income Tax Department portal. Taxpayers must first ensure they have the necessary documentation to calculate and report their data in ITR in order to proceed with e-filing.

A step-by-step guide to filing your income tax return (ITR):

Enter the required data directly online at the e-filing portal and submit it. The taxpayer can file ITR 1 and ITR 4 online. These are the steps you need to take in order to know how to file income tax return for beginners:

Visit the Income Tax e-Filing portal, https://www.incometax.gov.in/iec/foportal/
Log in to the e-Filing portal by entering your user ID (PAN), Password, and Captcha code and click 'Login'
Click on the 'e-File' menu and click the 'Income Tax Return' link
While you are on the Income Tax Return Page, you will see there:

PAN will be auto-populated
Select 'Assessment Year'
Select 'ITR Form Number'
Select 'Filing Type' as 'Original/Revised Return'
Select 'Submission Mode' as 'Prepare and Submit Online'

Click on 'Continue'
Read the instructions carefully and fill in all the applicable and mandatory fields of the Online ITR Form

Note: To avoid loss of data/rework due to session time out, Click on the 'Save Draft' button once a while to save the entered ITR details as a draft. The saved draft will be available for 30 days from the date of saving or till the date of filing the return or till there is no change in the XML schema of the notified ITR (which is earlier).

Choose the appropriate verification option in the 'Taxes Paid and Verification' tab. Choose any one of the following options to verify the Income Tax Return:

I would like to e-Verify
I would like to e-Verify later within 120 days from the date of filing
I don't want to e-Verify and would like to send a signed ITR-V through normal or speed post to "Centralized Processing Center, Income Tax Department, Bengaluru - 560 500" within 120 days from the date of filing
Click on the 'Preview and Submit' button. Verify all the data entered in the ITR
Submit the ITR
When you choose 'I would like to e-Verify' option, e-Verification can be done through any of the following methods by entering the EVC/OTP when asked for
EVC generated through a bank ATM or Generate EVC option under My Account
Aadhaar OTP
Prevalidated Bank Account
Prevalidated Demat Account

Note: On choosing the other two verification options, the ITR will be submitted but the process of filing the ITR is not complete until it is verified. The submitted ITR should be e-Verified later by using the 'My Account > e-Verify Return' option or the signed ITR-V should be sent to CPC, Bengaluru.

The EVC/OTP must be entered within 60 seconds else, the Income Tax Return (ITR) will be auto-submitted. The submitted ITR must be verified later by using the 'My Account > e-Verify Return' option or by sending a signed ITR-V to CPC.

For more information, you can visit: https://incometaxindia.gov.in/Pages/tax-services/file-income-tax-return.aspx

Recent Posts

Popular posts from this blog

Nagarhole National Park Safari Booking Online

Nagarhole National Park Safari Booking Online There is good news for all wildlife enthusiasts and tourists who were appealing to the forest department to introduce online ticket booking system for safari in the Nagarahole national park. All wildlife enthusiasts and tourists wishing and requesting the forest department to begin online ticket booking system for safari in the Nagarahole national park would be happy to know that Nagarhole safari booking online is now active and fully operational. Nagarhole Safari Ticket Booking has been started to bring in more transparency as well as facilitating tourists to plan and book tickets for their safari in advance. It was a demand from the people at large, mostly from Bengaluru, Karnataka and neighbouring states like Kerala and Tamil Nadu who quite often visit the Nagarhole national park to start the online ticket booking system. Nagarhole National Park  Nagarahole (or Nagarhole) name is derived from a windy river named Nagara Ho

Calangute Panchayat House Tax Payment

Calangute Panchayat House Tax Payment MAPUSA: The Calangute Panchayat launched its website www.calangutepanchayat.com for providing online services to the people of the village. Calangute Panchayat was launched by MLA Michael Lobo in presence of Sarpanch Anthony Menezes, Panchas and HDFC bank officials. With www.calangutepanchayat.com , citizens of Calangute can now download different forms, track stray cattle and garbage collection along with making online payments such as pay house tax Calangute . Sarpanch Anthony Menezes said that now people can pay Calangute house tax online even if they are outside India. All forms that are needed can be downloaded from the official website of Calangute Panchayat and submitted. Manezes also informed “Mini chips will be inserted in cattle's body so that they can be tracked easily. The cattle registration with its owner details would be done with the Calangute panchayat . Thus owners could track their cattle and people can also identify a

JKPDD Bill Sahuliyat Payment, Jammu and Kashmir Electricity Bill Payment

JKPDD Bill Sahuliyat Payment, Jammu and Kashmir Electricity Bill Payment How to Pay JKPDD Electricity Bill Otnline in Jammu and Kashmir? Power Development Department (PDD) is one of the Department of Jammu & Kashmir State Government which takes care for all functions related to transmission and distribution of electric power in the state. The generation sector is looked after by J&K State Power Development Corporation (JKSPDC), which was carved out of PDD in the year 1995. Jammu and Kashmir State comprises of three geographically and climatically distinct regions viz; Arctic cold desert areas of Ladakh, temperate Kashmir Valley and subtropical region of Jammu. Pay Electricity Bill Using JKPDD Website Visit the official website of JKPDD here - http://www.jkpdd.net/ Under Customer Services at the left of the screen, hover your mouse on Bill Payment link and click Make Payment. This url opens - https://www.billsahuliyat.jkpdd.net/ You can quickly pay electricity bill online Jammu