Process of Income tax E-Filing

Process of Income tax E-Filing
E-filing of Income tax return
for salaried persons
By :- Dr. Yogesh V. Torawane
Pratap College Amalner (MAHARASHTRA)
E - Filing is a system for submitting tax
documents to the Income tax department through
the internet or direct connection, usually without
the need to submit any paper documents. “e - File
is the term for electronic filing, or sending your ITR
from tax software via the Internet to the tax
authority”.
Definition of E-filing
Electronically submitting tax returns is faster, more convenient, &
more secure than paper filing. One of the foremost benefits of
electronic filing is the facility of anytime/anywhere filing. We can
also submit returns by using Internet on Mobile.
These are the benefits of e-filing:
 Convenience:- One can electronically file return 24 hours a day, 7
days a week.
 Accuracy:- Electronic filed returns have less errors than paper
returns.
 Direct Deposit:- One can have refund direct deposited into
his/her bank account.
 Proof of Filing. An acknowledgment is issued when returns is
received and accepted.
Benefits of E-filing
Types of Income Tax Return Forms
ITR 1: This form is applicable for an individual who has no income other than
Salary/ Pension and Interest.
ITR 2: This form is applicable for an individual who has income under different heads
but not business /profession income.
ITR 3: This form is applicable for an individual who is partner in a partnership firm .
ITR 4: This form is applicable for an individual who has income from
business/profession.
ITR 5: This form is applicable for a Firms, AOP, Local Authority.
ITR 6: This form is applicable for a Company.
ITR 7: This form is applicable for a Trust.
Register on
www.incometaxindiaefilling.gov.in
Requirements for Registration
1. Permanent Account Number
2. Your Password
3. Complete Address
4. Mobile Number
5. Email ID
6. Adhar Card
Go to
www.incometaxindiaefilling.gov.in
Home page of Site
Click on Register Yourself (at Right hand side)
This is Registration Form
Click on Individual
Fill the details
after details click on continue tab
Registration Link sent on your registered
email ID
Click on such link
One Time Password (OTP)
Put OTP and get registered
e-filing of ITR of Salaried Person
Source of Information
 Form No 16
 Salary Certificate
 26AS.
Log in to
www.incometaxindiaefilling.gov.in
Put log in details
Logged in view of site
Go to e-file Tab & then
Go to Prepare and Submit Online ITR
Select ITR Form (ITR-1)
Select Assessment Year
Read Instructions Carefully
Check the details and fill required data
Process of Income tax E-Filing
Put the amount of Taxable Salary in B1
Put the amounts of Deduction u/s 80
Check the Tax Calculation
Check the details of TDS
Check Taxes Paid and Verify the form
Fill the bank details
Put the details of Section 80G
(Donation)
Check once again the Tax Amounts
After confirmation select submit tab
and then your Income Tax Return will
get submitted.
The site will generate
acknowledgement namely ITR-V
download the same and give
confirmation to ITD by signing the
ITR- V or digitally verifying the same.
You can download ITR - V,Complete
filled ITR – 1, Receipt of ITR-V
Submit the ITR
References
* Power point Presentation from Slide Share by Mr.Kapil R.Ranadal
* Power point Presentation from Slide Share by Dr.Rocky Kumar
*https://www.google.com/search?rlz=1C1CHBF_enIN867IN867&biw=1366
&bih=576&tbm=isch&sxsrf=ACYBGNQs7tgQJZrUh7Yk_9HII-t
* https://www.incometaxindiaefiling.gov.in
Process of Income tax E-Filing
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Process of Income tax E-Filing

  • 2. E-filing of Income tax return for salaried persons By :- Dr. Yogesh V. Torawane Pratap College Amalner (MAHARASHTRA)
  • 3. E - Filing is a system for submitting tax documents to the Income tax department through the internet or direct connection, usually without the need to submit any paper documents. “e - File is the term for electronic filing, or sending your ITR from tax software via the Internet to the tax authority”. Definition of E-filing
  • 4. Electronically submitting tax returns is faster, more convenient, & more secure than paper filing. One of the foremost benefits of electronic filing is the facility of anytime/anywhere filing. We can also submit returns by using Internet on Mobile. These are the benefits of e-filing:  Convenience:- One can electronically file return 24 hours a day, 7 days a week.  Accuracy:- Electronic filed returns have less errors than paper returns.  Direct Deposit:- One can have refund direct deposited into his/her bank account.  Proof of Filing. An acknowledgment is issued when returns is received and accepted. Benefits of E-filing
  • 5. Types of Income Tax Return Forms ITR 1: This form is applicable for an individual who has no income other than Salary/ Pension and Interest. ITR 2: This form is applicable for an individual who has income under different heads but not business /profession income. ITR 3: This form is applicable for an individual who is partner in a partnership firm . ITR 4: This form is applicable for an individual who has income from business/profession. ITR 5: This form is applicable for a Firms, AOP, Local Authority. ITR 6: This form is applicable for a Company. ITR 7: This form is applicable for a Trust.
  • 7. Requirements for Registration 1. Permanent Account Number 2. Your Password 3. Complete Address 4. Mobile Number 5. Email ID 6. Adhar Card
  • 9. Home page of Site Click on Register Yourself (at Right hand side)
  • 10. This is Registration Form Click on Individual
  • 12. after details click on continue tab
  • 13. Registration Link sent on your registered email ID Click on such link One Time Password (OTP) Put OTP and get registered
  • 14. e-filing of ITR of Salaried Person Source of Information  Form No 16  Salary Certificate  26AS.
  • 16. Put log in details
  • 17. Logged in view of site
  • 18. Go to e-file Tab & then Go to Prepare and Submit Online ITR
  • 19. Select ITR Form (ITR-1)
  • 22. Check the details and fill required data
  • 24. Put the amount of Taxable Salary in B1
  • 25. Put the amounts of Deduction u/s 80
  • 26. Check the Tax Calculation
  • 28. Check Taxes Paid and Verify the form
  • 29. Fill the bank details
  • 30. Put the details of Section 80G (Donation)
  • 31. Check once again the Tax Amounts
  • 32. After confirmation select submit tab and then your Income Tax Return will get submitted. The site will generate acknowledgement namely ITR-V download the same and give confirmation to ITD by signing the ITR- V or digitally verifying the same.
  • 33. You can download ITR - V,Complete filled ITR – 1, Receipt of ITR-V
  • 35. References * Power point Presentation from Slide Share by Mr.Kapil R.Ranadal * Power point Presentation from Slide Share by Dr.Rocky Kumar *https://www.google.com/search?rlz=1C1CHBF_enIN867IN867&biw=1366 &bih=576&tbm=isch&sxsrf=ACYBGNQs7tgQJZrUh7Yk_9HII-t * https://www.incometaxindiaefiling.gov.in