The Calculation and TDS process of Income Tax liability of Salaried Employees for the year 2016-17 (The assessment year 2017-18) would have been over by this time. Now it’s time for Employees to receive Form-16 from the Employer and file their income tax return.
Easy E-filing by entering the data directly on the Income Tax E-filing website. This is the most user-friendly method. As of now, ITR-1 and ITR-4S can be filed in this method
1. Go to this Income Tax Department’s Official online ITR filing Website. Register using your PAN and get username and password, if you have not already registered.
2. After successful registration, Click the “Quick Filing of E-Returns” hyperlink available in the left menu.
3. Once you have successfully logged in you will land in to following page.
4. After you select the ITR type and relevant year for which ITR has to be filed, entry page of ITR will be shown. The first tab will be containing the instructions for filling the data.
5. As you are in logged in session, it is better to save the data entered after each tab is completed. However, Submit Button has to be used only after entry of all the data. The following Screenshot is Personal Information entry tab. Once an entry is completed save the data as the draft and proceed to next tab.
6. Following Screenshots are relating to entry tabs for Income Tax details, Details of Income Tax Deducted by the employer, and Bank Account details. Enter the values in these fields as per Form-16 provided by the employer. Tax Deducted by the Employer and paid into Govt Account will be available under TDS tab. TDS details can also be verified through Form-26AS which is an online feature available in Income Tax Website to get the details of the Income Tax Paid in respect of a PAN.
After entry of data in all these tabs are completed, click Submit button to generate ITR-V Button. ITR-V is a document which contains the summary of your income, deductions and income tax paid. This document has to be signed and sent to the Income Tax Central Processing Center at Bangalore Central Processing Center at Bangalore
Alternatively, the taxpayer can also e-verify the return filed using his / her Aadhaar ID. In that case, there is no need to send the physical copy of ITR-5 to Income Tax Central Processing Center.
