Struggling to figure out how to file income tax return. Here is a step-by-step guide for salaried individuals to file income tax in just 190 seconds.
If you new to E-filing your Income Tax return, then read this guide on how to register and complete the process of income tax efiling.
- Step 1: Download ITR1 software for 2018 from here.
- Step 2: Prepare the Return using the downloaded Software
- Pre-populate the personal details and tax payments/TDS by clicking on the ‘Pre-fill’ button. Compare with the information you have to ensure that nothing is left out.
- Enter all data and click on ‘Calculate’ to compute the tax and interest liability and final figure of Refund or Tax payable
- If Tax is payable- remember to pay immediately and enter the details in appropriate schedule. Repeat above step so that tax payable becomes zero
- Generate and save the Income Tax Return data in XML format in your PC/Laptop
- Step 3: Login to an e-filling website with the User ID (PAN Card), Password, Date of Birth, and enter the Captcha code.
- Step 4: Go to e-File and click on “Upload Return”.
- Step 5: Select the appropriate ITR, Assessment Year and XML file previously saved in Step 2 (using browse button).
- Step 6: A pop-up will be displayed asking you to digitally sign the file. In case you have obtained a digital signature, select’˜Yes’. If you have not got a digital signature, choose ‘No’.
- Step 7: Click on “Submit Button”
- Step 8: If ITR is uploaded with DSC, the Return Filing process is complete. If the return is not uploaded with DSC, check following steps:
- Take a printout of the form ITR-V and sign it in blue ink
- Send the form by ordinary or speed post to the Income-Tax Department-CPC, Post Bag No. 1, Electronic City Post Office, Bangalore, 560 100, Karnataka within 120 days of filing your returns online.
Cool, Add some pictures to explain better ..
Thank you Amit for the feedback
I have filed my ITR and have some amount that’s to be refunded. When can I expect the refund ?