The Department has made the process of filing income tax returns (ITR) easier for the taxpayers by making available the Pre-filled Income Tax Return for some categories.
The option of pre-filled ITR forms is available on the new website. Taxpayers will be able to proactively update their profile to provide certain details of income including salary, house property, business or profession which will be used in pre-filling their ITR.
â#DigitalIndia making tax compliance easier & more efficient! Through pre-filled data in the ITRs, captured digitally, the Income Tax Department endeavours to simplify the process of filing of your Income Tax Returns making #EaseOfTaxCompliance a reality!â the Income Tax Department tweeted.
Income tax returns can be filed in 2 waysâonline and offline. In the former method, you can enter all the necessary details on an online form and submit it. With the latter method, you have to download the applicable income tax utility either in excel or java format, fill the form, save the changes, generate an XML file, and upload it on the website.
Step-By-Step Guide
Step 1: Visit the income tax e-filing portal at www.incometaxindiaefiling.gov.in.
Step 2: Look for the âDownloadâ section on the homepage of the website.
Step 3: Select the assessment year for which you want to file returns. Based on the type of income you have received in the financial year, choose and download the corresponding ITR Form (offline utility).
Step 4: Click on the âPre-fillâ button to pre-populate the personal information, income details and tax payment/TDS details, and other details.
Step 5: Once you fill-in the other information, click on âCalculateâ to compute the tax and interest liability. You can also get to know the tax payable or refund you will receive.
Step 6: Save all the changes and click on the âGenerate XMLâ option. You can save the generated XML file at the desired location for easy access.
It is recommended to open the file and check if all the information you have entered is correct. Now, log in to your account on e-filing portal and upload the generated XML file. Thatâs it. You are done with filing returns!
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