File Income Tax Return - Income Tax Department - Top Post

File Income Tax Return – Income Tax Department

File Income Tax Return – Income Tax Department

Income Tax E-Filing: How to file returns using ITR-2 form in less than 10 minutes

Income Tax returns: Three more days to deadline and here’s what you need to do

Anyone who has registered with the Income Tax Department, has filed a return before, linked their Aadhaar with their bank accounts

income tax returnAnyone who has registered with the Income Tax Department, has filed a return before, linked their Aadhaar with their bank accounts and/or PAN is most likely to get a text message from the IT department reminding them to file their ITR.

income tax returns, income tax filing, income tax returns last date, ITR-2, it returns last date, how to file income tax, business news, latest business news, indian express, indian express newsThe                                                      deadline to file income tax returns in July 31. 

  • How to file income tax return?

Only three days to go to file your income tax returns for this financial year. If you haven’t filed your ITR yet, file it before the deadline July 31, if you want to avoid paying fine. However, it is not applicable for people filing the e-return for this financial year 2016-17.

People who have income less than 2.5 lakh are liable to file Income Tax Return, Rs 3 lakh for people of the age of sixty years and Rs 5 lakh for the people of the age of 80 years and above.

Steps to follow to file the e-return using ITR-2 form in less than 10 minutes:

  • Go to Income Tax e-filing website, incometaxindiaefiling.gov.in. Click on the option ITRs (updated on 26/07/17)
  • The ITR-1 is only for persons doing jobs and the salary is less than Rs 2.5 lakh. The ITR-2 is for everyone and the margin of income should not be less than Rs 5 lakh. ITR-3 is for people doing business, and ITR-4 is for people who are paying taxes under the present taxation basis.
  • Click on ITR-2 and read the option carefully. Then click on the form and fill the options like name, PAN, date of birth, Aadhaar number carefully. Once you complete, please click on the option validate. If you fill the form successfully, then it will read Ok.
  • Now move on to the next sheet, Part B, and fill your total income. Once completed, please fill the IT sheet next.
  • In the IT sheet, mention if you paid any advance tax before. Once completed, click on the option validate.

See the video below to get a detail of how to file Income Tax Returns using ITR

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