With the income tax return (ITR) filing season upon us, salaried taxpayers are preparing to meet their tax obligations. Here’s a step-by-step guide on how salaried individuals can file their ITRs online:
Step 1: Gather Documents
Ensure you have the following documents: Form 16 from your employer, PAN Card, Bank Account Details, and Investment Proofs for deductions.
Step 2: Register/Login
Visit the Income Tax e-Filing portal and register (for new users) or log in (existing users) using your PAN.
Step 3: Download Form 26AS
This consolidated tax statement details TDS, TCS, and other taxes paid during the financial year.
Step 4: Choose ITR Form
Select ITR-1 for salaried individuals with income up to ₹50 lakh from salary, one house property, and other sources.
Step 5: Fill the Form
Fill in your personal details, income, deductions, and tax details as per Form 16 and other supporting documents. Review and edit as necessary.
Step 6: Validate and Calculate Tax
Validate the form; the portal will calculate your tax liability/refund based on the information provided.
Step 7: Submit and e-verify
After validation, submit the ITR. E-verify using Aadhaar OTP, net banking, DSC, or EVC. Alternatively, you can send the signed ITR-V to the CPC of the Income Tax Department.
