I have a login on the incometax.gov.in website for income tax e-filing. And enter my username and password then click on continue. Once you have logged into the portal, click on the tab e-file and then click on ‘file income tax return. Am I right or wrong?
3 Replies
Nidhi
(Chief Accountant)
(3150 Points)
Replied 28 January 2022
Right, ...but there is a more than just that in filing return.
Calculation of income and tax thereon are important along with other many things
Calculation of income and tax thereon are important along with other many things
AlignBooks
(5 Points)
Replied 28 January 2022
Thanks for the reply Nidhi, Would you share the complete process for ITR return? I want to file it the first time, and i want to know the complete process.
sabyasachi mukherjee
(27574 Points)
Replied 31 January 2022
Computation of income
Add all incomes
make permissible deductions.
Add all allowances
arrive at gross total income.
deduct exemption from gross total income.
arrive at taxable salary.
apply relief and rebate.
pay tax.
Add all incomes
make permissible deductions.
Add all allowances
arrive at gross total income.
deduct exemption from gross total income.
arrive at taxable salary.
apply relief and rebate.
pay tax.
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