Income Tax Return: Here's how salaried taxpayers can file it online for FY23-24

With the income tax return (ITR) filing season upon us, salaried taxpayers are preparing to meet their tax obligations. Here's a step-by-step guide on how salaried individuals can file their ITRs online:

Step 1: Gather Documents

Ensure you have:

• Form 16 from your employer
• PAN Card
• Bank Account Details
• Investment Proofs for deductions.

Step 2: Register/Login

• Visit the Income Tax e-Filing portal and register (for new users) or log in (existing users) using PAN.

Step 3: Download Form 26AS

• This consolidated tax statement details TDS, TCS, and other taxes paid.

Step 4: Choose ITR Form

• Select ITR-1 for salaried individuals with income up to ₹50 lakh from salary, one house property, and other sources.

Step 5: Fill the Form

• Fill in personal details, income, deductions, and tax details as per Form 16 and other documents. Review and edit as necessary.

Step 6: Validate and Calculate Tax

• Validate the form; the portal will calculate tax liability/refund based on your inputs.

Step 7: Submit and e-verify

• After validation, submit the ITR. E-verify using Aadhaar OTP, net banking, DSC, or EVC. Alternatively, send signed ITR-V to the CPC of the Income Tax Department.