e Filing 2022, How to file Income Tax Return at incometax.gov.in

e Filing 2022, How to file Income Tax Return at www.incometax.gov.in? Every earning individual is required to file Income Tax Returns (ITR), which is a form that records their annual income to the Income-Tax department. You or any taxpayer can use the form to disclose your income, expenses, tax deductions, and investments, among other things.

The deadline for filing Income Tax Returns (ITR) for AY 2021-22 is December 31, 2021 and those who have not yet done so should be aware that this deadline. IT can be submitted in two ways: offline and online. The Income Tax Department offers the option of filing an income tax return electronically (e-filing).

To complete the return filing procedure, you must e-Verify the ITR after it has been filed. According to the IRS, an ITR is considered invalid if it is not verified within the timeframe specified. The most easy and quick approach to validate your ITR is through e-Verification. On the e-Filing site, both registered and non-registered users can use the e Verify service.

In the wake of the COVID-19 pandemic, the government had extended the due date of filing all Income Tax Return (ITR) for FY 2020-21 to December 31. This year, taxpayers are required to submit the returns for the FY 2020-21 financial year and the assessment year would be AY 2021-22.

E Filing
Name of the filinge Filing 2022
TitleHow to file Income Tax Result?
SubjectHow to file ITR?
CategoryIncome Tax
ITR Filing DeadlineDecember 31, 2021
Websitehttps://www.incometax.gov.in/
Filing your ITRe-Filing Web Portal
Details of ITR Filing

While it is advised that you must file your ITR before the end of the deadline, however if somehow you miss the deadline, you can still do so by paying penalty.

  • Filing ITR can be done both online and offline.
  • Not filing ITR or late filing can attract penalty up to Rs 5,000.
  • The penalty has been reduced by half this time, as previously late filing of ITR would attract up to Rs 10,000 penalty.
  • If your taxable income is less than Rs 5 lakh, then you pay a penalty of Rs 1,000.
  • Additionally, if you have an income below the taxable limit, you are not even required to pay the penalty incase you miss the ITR filing deadline.
  • However, this is subject to certain exceptions.
  • The Income Tax Department issued advertisement guiding taxpayers over their ITR filing on multiple occasion.

the Central Board of Direct Taxes (CBDT) has announced that it has provided one-time relaxation for verification of e-filed ITRs for AY 2020-21 which are pending for verification due to non-submission of ITR-V form or pending e-Verification.

You can e-Verify your Income Tax Return through one of several methods. Digital Signature Certificate, Aadhaar OTP, Electronic Verification Code (using bank account / demat account), Electronic Verification Code (using Bank ATM – offline method), and Net Banking are all options for e-Verification.

If you have already submitted your ITR and want to e-verify it using Aadhaar OTP, make sure your mobile phone is linked to Aadhaar. Additionally, be certain that your PAN is connected to your Aadhaar number.

List of documents required filing the ITR

It is important to have all the relevant documents handy before you start your e-filing process.

  • Bank and post office savings account passbook, PPF account passbook
  • Salary slips
  • Aadhar Card, PAN card
  • Form-16-  TDS certificate issued to you by your employer to provide details of the salary paid to you and TDS deducted on it, if any
  • Interest certificates from banks and post office
  • Form-16A, if TDS is deducted on payments other than salaries such as interest received from fixed deposits, recurring deposits etc. over the specified limits as per the current tax laws
  • Form-16B  from the buyer if you have sold a property, showing the TDS deducted on the amount paid to you
  • Form-16Cfrom your tenant, for providing the details of TDS deducted on the rent received by you, if any
  • Form 26AS – your consolidated annual tax statement. It has all the information about the taxes deposited against your PAN
    • a) TDS deducted by your employer
    • b) TDS deducted by banks
    • c) TDS deducted by any other organisations from payments made to you
    • d) Advance taxes deposited by you
    • e) Self-assessment taxes paid by you
  • Tax saving investment proofs
  • Proofs to claim deductions under section 80D to 80U (health insurance premium for self and family, interest on education loan)
  • Home loan statement from bank

How to e-file Income Tax Returns on the Portal

Guide To File ITR Online. Calculate your income tax liability as per the provisions of the income tax laws. Use your Form 26AS to summarise your TDS payment for all the 4 quarters of the assessment year. On the basis of the definition provided by the Income Tax Department (ITD) for each ITR form, determine the category that you fall under and choose an ITR form accordingly. With online filing, also called e-filing, it is convenient to file returns from the confines of your home/office and at very short notice. Mentioned below are the broad steps to file your income tax returns online:

  1. Visit the www.incometax.gov.in website

    Visit the official Income Tax e-filing website, https://www.incometax.gov.in to access your e-filing account  and Click on the ‘Login’ button.

  2. Click on the Login Button

    Once you reach the IT website, click on the login button on the home page.

  3. Enter the details

    Next, Enter Username then Click continue and After enter your Password.

  4. Click on File Income Tax Return

    Once you have logged into the portal, click on the tab ‘e-file’ and then click on ‘File Income Tax Return’.

  5. Select the Assessment Year

    Select the Assessment year for which you wish to file your income tax returns and click on ‘Continue’.

  6. Choose mode of tax filing

    You will then be asked whether you wish to file your returns online or offline. In this case you need to choose the former which is also the recommended mode of tax filing.

  7. Choose the Status

    Choose whether you wish to file your income tax returns as an individual, Hindu Undivided Family (HUF), or others. Choose the option ‘individual’.

  8. Choose the ITR Form

    Choose the income tax returns (ITR) you wish to file. For example, ITR 2 can be filed by individuals and HUFs who don’t have income from business or profession. Similarly, in case of an individual, they can choose the option ITR1 or ITR4. Here you will have to click ‘Proceed with ITR1’.

  9. Answer the Questions

    The next step will ask you the reason for filing your returns above the basic exempted limit or because of the seventh provision under Section 139(1). According to the section, if the aggregate amount deposited by an individual exceeds Rs.1 crore in one or more current accounts during the year, exceeds Rs.2 lakh on a foreign trip, or if a payment of more than Rs.1 lakh is paid on electricity bills, then the person can file their income tax returns. Make sure you choose the right option.

  10. Fill Bank Details

    Fill in the details of your bank account. If you have already provided the details of your bank account, then pre-validate it.

  11. Check all the Details

    You will then be directed to a new page to file your income tax returns. The page will contain a lot of information filled already. Check them make sure all the details mentioned are correct. Confirm the summary of your returns and validate it.

  12. Send ITR to IT Department

    The final step is to verify your returns and send a hard copy of if to the Income Tax Department. The verification process is mandatory.

Guide on how to file ITR offline for Super Senior Citizens

Super senior citizens (individuals who are 80 years old and above) are given the option to file ITR offline during the financial year. Another instance where the ITR can be filed offline is if an individual or HUF has an income of less than Rs.5 lakh and is not entitled to receive a refund.

The step-by-step procedure to file returns offline is mentioned below:

  1. Individuals must request for a Form 16.
  2. Next, you will need to submit the ITR returns in the paper form at the Income Tax Department.
  3. Once the form has been submitted, you will receive an acknowledgement slip from the Income Tax Department.
  1. What is e-filed ITR Verification?

    For ITR which is filed electronically without a digital signature, the taxpayer is required to verify it within the time limit of 120 days from date of uploading the Income Tax Return. Taxpayers can complete the verification procedure through Aadhaar OTP, by logging into e-filing account through net banking, by sending a duly signed physical copy of ITR-V through post to the Income Tax Department Centralized Processing Centre in Bengaluru.

  2. What is e-filing?

    The Process to file Income Tax Returns (ITR) by using the internet is called E-filing. The process to e-file ITR is quick, easy, and can be completed from the comfort of an individual’s home or office. E-filing ITR can also help in saving money as you would not have to hire an individual to file ITR.

  3. What is self-assessment tax?

    Self-assessment tax is the tax an individual has to pay before filing his income tax return. The self-assessment tax is calculated after considering TDS and advance tax.

  4. What is Form 26AS?

    Also known as Annual Consolidated Statement or ACS, this form contains all the important information related to the tax of the taxpayer. It also included details of Tax Deduction At Source or TDS. The form can be downloaded from Income Tax Deparment’s portal easily. It is an extremely important document.

  5. What is Form 16?

    This document is issued by the employer to the employee. It says that the tax has been, duly, deducted from the employee’s salary and has been deposited with the I-T department. It has all the details of the salary of the employee.

  6. What are the investment proofs?

    Investment Proofs: There are various tax-saving investments like life insurance premiums, investment in Public Provident Fund (PPF), medical insurance etc. The proofs or receipts of all these transactions are required to be submitted to the I-T department for claiming the deductions in the income tax.

  7. What are interest income proofs?

    Interest Income Proofs: The taxpayer also needs to submit the proof/ certificate, giving details about the interest received in the financial year on the Fixed Deposits (FDs) and savings. The receipt of such income can be easily downloaded from respective banks’ net banking app. It can also be obtained from the bank physically.

  8. How much Penalty for missing ITR deadline?

    If a taxpayer misses the deadline for filing the income tax returns, a maximum penalty of Rs 10,000 was levied till last year. However, with effect from FY21, the authorities have lowered the fine to Rs 5000.

*Disclaimer: We have published the above information for reference Purpose only, For any changes on the content we refer to visit the Official website to get the latest & Official details, and we are not responsible for anything

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