Get to known that deadline for filing Income Tax Returns (ITR) for the financial year 2023-24 and assessment year 2024-25 approaches, it’s time for employed individuals to gather their documents and complete the process seamlessly.
The Income Tax Department has streamlined the online filing procedure, ensuring a hassle-free experience for taxpayers. Here’s a step-by-step guide to filing your ITR online within minutes.
Step-by-Step Guide to Online ITR Filing
- Visit the Official Income Tax Website: Access the Income Tax e-filing portal at https://www.incometax.gov.in/iec/foportal/ and log in using your PAN number and password.
- Select “File Income Tax Return”: Once logged in, click on the “File Income Tax Return” option.
- Choose Assessment Year: Select the assessment year (AY) 2024-25 for filing ITR for the financial year 2023-24.
- Specify Your Status: Indicate whether you are an Individual, HUF, or other entity.
- Select ITR Form: Choose the appropriate ITR form based on your status and income sources. Forms 1 to 4 are applicable for Individual and HUF taxpayers.
- Select Type and Reason for ITR: Specify the type and reason for filing ITR, ensuring compliance with relevant criteria.
- Update Pre-filled Information: Validate and update pre-filled details including PAN, Aadhaar, personal information, contact details, bank information, and income details. Confirm to file your return after updating the necessary information.
- Pay Outstanding Tax (if any): If there is any tax liability remaining after updating the details, make the payment accordingly.
Required Documents for Online ITR Filing
- Ensure you have the following documents ready for a smooth filing process:
- Investment and insurance payment receipts
- Home loan payment certificate or receipt
