How to e-file Income Tax Return Online?

The last date to submit returns after IT calculations for the financial year 2018-2019 is August 31st. If one's income before deductions is Rs 2.5 lakh, he should submit returns. The limitation for the same to the senior citizen is Rs 3,00,000 and it is Rs 5,00,000 for the super senior citizen. Those who demand refund for being paid excess tax, also should submit returns even if their income does not come under the purview of tax. Housing loan payers also need submit returns although their income is lesser than that of taxable.

Despite the existence of traditional paper filing facility for submission of IT returns this e-filing is more convenient and easier. Also it is mandatory for the people with taxable income more than Rs 5 lakh to submit returns. e-filing is not possible for people who don't have PAN card.

Is Aadhar mandatory for Income Tax returns?

The present Aadhar holders should link PAN number with Aadhar for submission of IT returns. Others (people not having Aaadhar ) need not do this and their PAN card will not become invalid. In the case of difference in name in Aadhar and PAN card , linking is possible only after correction. A detailed post on how to link Aadhar was published early. Link is available in the close of this section. It should be assured before e-filing whether the form 16 downloaded from TRACES is available from the disbursing officer and confirm the entire tax amount deducted from salary has been credited to IT department is mentioned in Part A of Form 16 as well.

Requisites for Income Tax e-filing

An e-mail account
Mobile number
Form 16 issued by disbursing officer
Bank account number and IFSC code

With these, we can register in the e-filing website https://incometaxindiaefiling.gov.in of IT department. Those who have already submitted returns can log in by entering their username and password and proceed to next step.

Things to Remember

Income tax returns e-filing facility for the financial year 2018- 2019 or the assessment year 2019 – 2020 is operative in income tax site. Unlike previous year, certain things are changed in the e-filing process. The things to remember while submitting income tax returns of the financial year 2018 -2019 online are given below.

Income Tax Return and Verification

Returns verification code (EVC) is usually generated towards the end. But there is a difference this year that it has to be generated when you start doing e-filing. The options for generating EVC also are not similar to that of previous years. Open the PDF file below for details.

Income Tax and 10E Relief

10E relief has been claimed by many of those who have got their pay revision arrear. They have to submit 10 E form online at first to file ITR. Watch the below video for submitting 10E relief online.

Income Tax and Bank Deposit

The interest for bank deposits (mainly fixed deposits ) must be included in the income. If not, they would get notice because the bank might report the interest amount sanctioned, to the income tax department not considering whether the bank has collected the tax amount or not. To know the interest amount reported by the bank, log into the income tax portal to download 26 AS and check it. The PDF help file "How to verify 26 AS" is given here.

When income like fixed deposit interest is left out by us in tax calculation and the same is added later, the amount paid towards tax may become insufficient. Under such conditions, we will have to remit tax directly. Lack of knowledge on this may cause many difficulties. If we have any of the internet facilities like internet banking, debit card (ATM card) etc, such kind of taxes can be paid easily by us and there is no need to visit banks. Go through the PDF file given below to know how to pay taxes online by using the above facilities.

Income Tax and CMDRF Donation

Those whose have contributed for CMDRF Flood Relief(Salary Challenge) fund, should enter details in 80 G tab.
Name of Donee: Chief Minister Distress Relief Fund
Address: Government of Kerala
City: Thiruvananthapuram
State: Kerala
Pin Code: 695001
PAN of Donee: AAAGD0584M
Donation in other modes: Salary Deduction Amount(Type the amount donated in the financial year 2018-19 )

How to Download Form 16 from TRACES

Remember to ask for form 16 downloaded from TRACES from your disbursing officer before e-filing returns. Only after filing TDS of 4th quarter, e-filing can be done. May 30th is the last date to file 4th quarter of TDS. Hence you may have to wait till then for updation of your tax details. For more details, download the given below PDF file and try filing returns after reading it.