Step by Step Guide on how to e-file Income Tax Return online for A.Y. 2018-19
Article Updated For E-Filing Income Tax Return For A.Y. 2018-19
Last updated 24th April 2018.
The Financial Year has ended and most of you must have got Form 16 from your employer.
The next step is to file your Income Tax Return for Assessment Year 2018-19 (i.e. Financial Year 2017-18 i.e. for a period 1st April 2017 to 31st March 2018).
The due date to e-file Income Tax Return of individual salaried taxpayer for Assessment Year 2018-19 is 31st July 2018.
The Form 16 certifies that tax has been deducted at source (TDS) from your salary and has been deposited to the Income Tax Department. Know more about Form 16.
So, in order to claim the refund of tax deducted you have to e-file income tax return. If you had to disclose additional income on which tax is yet to be paid, then also income tax return needs to be filed. In this post, I have prepared stepwise procedure to help you in filing your salary return.
Procedure to e-file Income Tax Return Online
For taxpayers having Income from Salaries, one house property, other sources (interest etc.) and having total income up to ₹ 50 lakh, ITR 1 has to be filed. So if you fall into this category, please read the following procedure for Income Tax Return filing.
#1. Log in to your income tax e-filing account from income tax e-filing portal. Use your PAN number, password and date of birth for signing in. If you are filing the return for the first time, please register yourself from this link
#2. After signing in to your e-filing account, click on ‘Filing of Income Tax Return’ on dashboard. Alternatively, you can also go to e-file tab and select ‘Income Tax Return.
#3. You will be redirected to the new page where your Permanent Account Number (PAN) is pre-filled. You have to select the assessment year 2018-19, ITR 1 and Prepare and Submit Online from the drop down menu.
Beneath these details, there are three options to verify your Income Tax Return. You have to select one on these. I would suggest you to select the last option i.e. ‘I don’t want to verify this Income Tax Return……’. You can always e-verify later using the first two options after filing of return.
#4. You will be redirected to the instructions page of ITR form. Please read the instructions carefully before filing income tax return and also refer them while you are preparing the return. Though it is mentioned in the return, I want to inform you again that please use SAVE DRAFT to save your work. If the session expires you will lose all the details you have filled and you will have to refill it from the start. So please save your work continuously.
#5. Under ‘Part A – General Information’ of the form, you will see certain pre-filled fields such as PAN, Name, DOB and address (I have white marked my details for the sake of privacy). Please fill out all the mandatory details carefully.
a) Under employer category please select which is applicable to you among Government or Public Sector Unit or Others.
c) If you are filing Original Return for AY 2018-19, select ‘Original Return’ under ‘Whether original or revised return?’ and select ‘11 – On or before Due dt 139(1)’.
d) If you are filing Revised Return u/s 139(5), then select accordingly and fill in the details of original Acknowledgement Number, Date of filing Original Return.
e) If you are governed by Portuguese Civil Code, select ‘Yes’ and provide the PAN of your spouse. If you are not, then select ‘No’.
After filling all the information, click save draft and come on to ‘Income Details’ part of the form.
FURNISHING INCOME DETAILS
In this part you have to furnish your income details. Please keep your Form 16 handy to fill this part of the return and follow the instruction given below:
#1. Part B of the Form 16 contains the details of Salary income viz., Salary (Excluding all allowances, perquisites and profit in lieu of Salary), Allowance not exempt, Value of perquisites and profits in lieu of Salary. It also contains details of deduction under section 16 of professional tax and entertainment allowance. Enter the amounts in their respective fields in Schedule ‘B1’ – Income from Salary / Pension in the Return.
#2. If you have any income from renting out of a house property or if it is self-occupied, then its details have to be provided in Schedule B2. Details such as Gross rent received, municipal tax paid and interest payable on loan is to be provided for.
Learn more about how to calculate Income from House Property.
#3. If you have any other source of income such as saving account interest, FD interest etc., please provide details in Schedule B3 of the return.
The amount of Gross Total Income will be calculated automatically.
#4. Go through the ‘Deduction under chapter VI-A’ part of Form 16 and fill the details from there in the return. If you have done multiple investments in section 80C, please enter the gross amount in the 80C column of the return. Accordingly, fill in the remaining details in the deduction part from the Form 16. If you have made any other investments during the year on which deduction is to be claimed and which has not been shown in form 16, you can claim it now.
To claim section 80G deduction with respect to donations made to certain trust or institutions, you have to enter details in separate section after ‘Taxes Paid and Verification’ tab. After entering details there, amount of 80G deduction will reflect under ‘Income Details’ tab.
Note: Select the appropriate category while claiming deduction under sections 80D, 80DD, 80DDB and 80U.
#5. Once you have entered all the details, Taxable total income and total tax payable along with interest if any will automatically get calculated. Total tax and interest payable will appear at the end. Tax rebate u/s 87A of ₹ 2,500 will be given to you if your taxable income is less than ₹ 3,50,000.
After filling all the information, click save draft and come on to ‘Tax Details’ part of the form.
This part of the return seeks information on Tax deducted at source from your salary (i.e. by your employer), tax deducted at source from income other than salary, tax collected at source and advance tax or self-assessment tax paid by you.
#1. Now, glance through Part A of Form 16 which shows the details of tax deducted from your salary. Here you can find Tax Deduction Account Number (TAN) of your employer and amount of tax deducted and deposited. Provide details such as TAN, name of the deductor (i.e. your employer), salary income and amount of tax deducted into the Schedule TDS1 of the return. These details can be extracted from Part A of Form 16. Make sure that you check the box, otherwise, TDS amount will not get reflected in the return.
If you have multiple employers during the year, you can enter details using ‘Add’ button.
#2. If you have earned income from other sources and tax has been deducted at source by the payer, then you have to furnish its details in Schedule TDS 2 of the return. (Ask for the deductor to furnish certificate of deduction or you can view your form 26AS by logging in your income tax e-filing account).
Learn more about how to view and understand Form 26AS.
#3. In Schedule TDS 3, provide details of TDS on buying or renting of any immovable property, if any. If any tax has been collected at source, please provide details in Schedule TCS.
#4. If you have paid any advance tax, you have to fill in the details in Schedule IT – Details of Advance Tax and Self-Assessment Tax. Further, if there is any tax to be paid for the year under consideration (you can see by going to ‘Taxes Paid and Verification’ tab), it has to be paid first and details thereof have to be provided. Make sure that you check the box, otherwise, tax amount will not get reflected in the return.
After filling all the information, click save draft and come on to Taxes Paid and Verification part of the form.
TAXES PAID AND VERIFICATION
This section deals with the amount of tax paid or amount of refund which is due from government. All the details will be pre-filled as they will be calculated on the basis of data that has been submitted earlier. You just have to verify that the amount reflected is correct. The amount payable (row D13) should be zero. Refund, if any will be reflected in D14 – Refund.
Details of Exempt income such as Long term capital gains tax on shares, dividend income, agricultural income (<= ₹ 5,000) or any other exempt income will have to be provided below the tax paid details.
The second part of this section asks for bank details. Make sure you enter the correct details of your bank account, otherwise the refund will get delayed. Also, if you have any other bank accounts, please mention the details of them.
In the verification part, check if your name is properly displayed and enter the name of your father and place of verification.
After filling all the information, click save draft.
PREVIEW AND SUBMIT (UPLOADING THE RETURN)
After submitting all the details, check for the error message (in red) and rectify it.
Go through the form from start to end, compare your salary income from form 16 and check for any discrepancies.
After checking, click, ‘Preview and Submit’ button. Your return will be uploaded and you will be redirected on to acknowledgment window. Download the acknowledgment of the return and save it for future reference.
Now, you can e-verify the return by going to My Account >> E-verify. The most easiest method to verify is through Aadhar OTP.
If you don’t want to e-verify, please send the signed copy of your return to Bangalore CPC within 120 days of filing of return.
Please follow the aforesaid process cautiously. Verify at each step for any errors and remove them. Avoid filing incorrect return. If you have any doubt regarding filing your return, please comment below. I can assist you.