If you are a salaried employee and want to know how to e-File your tax returns or file your Income Tax return online, please read this. Salary is the primary source of your income, for a salaried employee. You may also have interest income from a bank.
A salaried employee needs to choose Form ITR-1 Sahaj as the Income Tax return form if their total income is up to Rs 50 lakh.
By June 15, you might have got a form 16 issued by your employer. The last date for filing Income Tax returns has been extended till 31 August 2019. This year the ITR-1 form has been simplified, making it easier for salaried employees to e-File the returns.
You can file your Income Tax return, free at the e-Filing website of the Income Tax Department www.incometaxindiaefiling.gov.in/. You can also choose one of the tax filing portals to e-File your taxes for a fee.
Salaried Employees need to follow these steps for e-Filing of returns.
Step 1: Login to the e-Filing website with a User ID, password, Date of Birth/Date of incorporation and captcha
Step 2: Go to ‘e-File’ and click on ‘Prepare and submit ITR online.’
Step 3: Select the Income Tax return Form (ITR-1) and assessment year.
Step 4: Fill the details and click on the ‘Submit’ button.
Step 5: If applicable upload a digital signature. Ensure that DSC is registered with e-Filing
Step 6: Click the ‘Submit’ button.
Step 7: After successfully submitting the form, ITR-V would be displayed (if DSC is not used). Click on the link to download the ITR-V. ITR-V will also be sent to the registered email. If ITR-V is uploaded with DSC, the return filing process is complete.
If the return is not uploaded with DSC, the ITR-V form should be printed, signed and submitted to CPC within 120 days from the e-Filing date. The return will be processed only after receiving the signed ITR-V. Keep track of your email and SMS regularly for reminders on the non-receipt of ITR-V.
Now you have completed the process of filing your returns online. The e-Filing of income tax returns is quite an easy process.