Most salary people can now file their Income Taxes online making your returns filing faster and getting any refunds sooner as well! If you already prepare your income tax statement by yourself, this method is worth trying.
Things You'll Need
· Your PAN Card
· Your Form 16
· Computer with Adobe reader installed
Steps
If you dont have Adobe Reader installed on your PC then you can Get Adobe from the link below. Adobe reader
1. Registration
Go to Registration page and register yourself by providing your PAN number and other details Login Go to Login page and login into your account registered above. User name would be the PAN number.
2. Download the PDF
NOTE: It is assumed that you are a salaried professional Next click on Return Preparation Software If you are a salaried professional click, then click on PDF Utility Next to ITR-1 and download the PDF file for the ITR form to your local system You can also download the corresponding help ITR-1 with Instructions to help you to fill in the downloaded form.
3. Fill the ITR Form
Open the ITR form downloaded above and start filling it. As you can see it is a simple 2 page PDF form which you can fill. You can also read instructions (downloaded above) which contains useful tips to fill in the ITR form. Your personal details are easy to fill. Then rest of the sections are mostly a copy paste from your Form 16.
4. Check Form
Once you have completed filling all the mandatory fields in the two pages, Click on the ‘Check Form’ button at the bottom of the second page.If you have missed out any fields, then it will alert you when you click this button.
5. Generate Bar Code
Once you have completed filling all the fields, the "Generate BarCode" and "Export To XML" buttons will be enabled, till then they will be disabled.So now click on Generate Bar Code button.
6. Export To XML
Now click on Export To XML button and it will prompt you to save an XML file. Do not change the name of the XML file, just save it as it is to some location in your system.
7. Upload the XML
Again go to Login page and login into your account. On the left hand side, there is a Submit return link. Click on it. The page displayed now will provide you an option to Upload the XML file. Upload the XML file generated in the earlier step and Click ‘Upload’ Button.
8. Download the Verification Form
Receive a message saying ‘Your returns have been successfully uploaded.’ with a link at the bottom “Click Here to download ITR-V”. Click that link and download your ITR-V form. That will complete the I Tax filling. Note this method might not work properly
Use Income Tax Calculator to find estimated Income Tax
CAclubindia
