How to File an Income Tax Return Online

Each year in the month of April everybody who madeany company and have fixed salary; you need Form
an income has to report about his income, expenditure16 provided by your company to complete your tax
and savings to federal and state governments by filingreturn. It has dates and amounts of TDS deducted.
an income tax return. E-filing is considered the best andYou can not file your returns without it.
fastest way to file income tax return because it• Double check your form carefully that all the
manages data for immediate transaction in a shortmandatory fields in two pages are filled.
time with out any frustration and fatigue. The• Click on the Check "Form button" given at the end
procedure of e-filing consists of some easy and simpleof the second page. It will inform you if you have left
steps. If you want to file income-tax return online, stepany blank field.
by step guidelines and instruction are given here which• Click on "Generate Bar Code" button and a code
can be helpful for you.will be generated.
• First of all, evaluate your business and make• Now click on "Export to XML" button and save the
calculations to check whether your income is taxfile on any location in your computer.
exempted. Income of some people are considered tax• Upload the XML and login into your account again.
free such as male individuals who earn up to Rs. 1,• Click on submit return link which is shown on the
60,000, women who earn up to Rs. 1, 90,000 and oldleft hand side.
citizens of 65 years or above having income Up to• Click on upload the XML file option. It will upload the
Rs.2,40,000.XML file created above.
• Choose a well reputed site for e-filing because• Now download the Verification Form. You will
many web sites are available which provide servicesreceive a message "Your returns have been
to file your tax return online. Now create account withsuccessfully uploaded"
your user name and password to register yourself• Click on the link given at the bottom of page to
with a website which you choose for filing your taxdownload verification form known as income tax
return.returns-V form (ITR-V form). You need this if you did
• Login into your account and download the PDF file.not attach the digital signature to your return form.
• Click on PDF Utility next to ITR-1 and download theAfter submitting this form at the Income tax
PDF file of ITR form to your computer. Fill yourdepartment you will get the acknowledgment to
personal details in the ITR Form care fully.complete the process of filing your returns.
• Now open the first PDF downloaded file. It consists• You don't need to file ITR-V form, if you attach
of two pages you can easily fill them according to thedigital signature. These easy and comprehensive steps
instruction given there.of filing income tax return online will save your precious
• Fill the remaining sections of the form according totime and money.
your Form 16.Remember that if you are employee in