Income Tax e Filing Portal: Income tax is basically a tax levied on individuals or organizations on the income or profits earned by them. Income tax is generally calculated as the product of taxable income times the rate. Tax rates may vary according to the type or characteristics of the taxpayer and the type of income. These days filling income tax return is easier than ever with the convenience of e-filing, which is done completely online.
Online return filling is now very secure which is easier and faster than visiting Income Tax office. Filing your Income Tax Return (ITR) is mandatory as a dutiful citizen of India and e-filing can make it possible from the comfort of your own home. Here is the steps to fill ITR online from Income Tax e Filing Portal.
What is Income Tax?
The term income tax refers to a type of tax that government imposed on individuals or organizations on the income or profits earned by them. Tax rates may vary according to the type or characteristics of the taxpayer and the type of income. Income tax is a source of government revenue.
Eligibility For Income Tax e-Filing
Here is the Income Tax e-filing eligibility list for individuals to file ITR –
- Any firm or company must file ITR whether they make profit or incur loss.
- If individuals want to apply for a loan or visa.
- If individuals want to claim refund from income tax department.
- If individuals invest in foreign assets or earn from foreign assets.
- If the person earns an income from house property, etc.
Required Document For Income Tax e-Filing
- Permanent Account Number (PAN)
- Aadhaar Number of the Individual (Aadhaar PAN must be linked)
- Bank Account Details
- Form 16 (Based on their salary)
- Proof of Income
Income Tax e Filing Portal: Registration of Tax Payer
If you want register as an individual tax payer on the Income Tax e Filing Portal, you need to follow these steps mentioned below –
- Step 1: Visit the official website of income tax e-filing.
- Step 2: On the homepage, you will find ‘Register’ button.
- Step 3: Click on the button and a new window will open.
- Step 4: Select ‘Individual’ as the user type.
- Step 5: Now enter your PAN number, residential status, etc.
- Step 6: Click on continue & enter your contact number, current address, etc.
- Step 7: Click on submit & enter the OTP received on registered mobile number.
How to Check Income Tax e-Filing Status?
In order to check your e-filling stats on the Income Tax e Filing Portal, you need to follow these steps mentioned below –
- Step 1: Visit the official website of income tax e-filing.
- Step 2: On the homepage, you will find ‘Income Tax Return (ITR) Status’ option.
- Step 3: Click on the button and a new window will open.
- Step 4: Now enter your PAN number, acknowledgement number, etc.
- Step 5: Complete the captcha code and click on ‘Submit’.
- Step 6: The status will be displayed on the screen.