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» » Step-by-Step procedure to file your income tax returns online AY 2014-15


1 : Register yourself on the website. Your Permanent Account Number (PAN) will be your user ID.
2 : View your tax credit statement — Form 26AS — for the financial year 2013-14 . The statement will reflect the taxes deducted by your employer actually deposited with the I-T department. The TDS as per your Form 16 must tally with the figures in Form 26AS. If you file the return despite discrepancies, if any, you could get a notice from the I-T department later.
3: Under the 'Download' menu, click on Income Tax Return Forms and choose AY 2014-15 (for financial year 2013-14 ). Download the Income Tax Return (ITR) form applicable to you. If your exempt income exceeds Rs 5,000, the appropriate form will be ITR-2 . If the applicable form is ITR-1 or ITR 4S, you can complete the process on the portal itself, by using the 'Quick e-file ITR' link.
4: Open the downloaded Return Preparation Software (excel utility) and complete the form by entering all the details , using your Form 16.
5: Ascertain the tax payable by clicking the 'Calculate Tax' tab. Pay tax (if applicable) and enter the challan details in the tax return.
6: Confirm all the information in the worksheet by clicking the 'Validate' tab.
7: Proceed to generate an XML file and save it on your computer.
8: Go to 'Upload Return' on the portal's left panel and upload the saved XML file after selecting 'AY 2014-15 ' and the relevant form. You will be asked whether you wish to digitally sign the file. If you have obtained a DS (digital signature), select Yes. Or, choose 'No'.
9: Once the website flashes the message about successful e-filing on your screen, you can consider the process to be complete. The acknowledgment form — ITR—Verification (ITR-V ) will be generated and you can download it.
10: Take a printout of the form ITR-V , sign it preferably in blue ink, and send it only by ordinary or Speed post to the Income-Tax Department-CPC , Post Bag No-1 , Electronic City Post Office, Bangalore - 560 100, Karnataka, within 120 days of filing your return online

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