The Steps One Should Know About Online Income Tax File Return (AY 2014-15)

The Steps One Should Know About ITR Filing

You should know some important terms about tax return before you  get into the process of filing returns. Tax return of income earned in a particular year should be filed by July 31 of the immediate next year. Following are some important steps for tax filing.

1. Register on IT department E-Filing website (if you are a first timer)
You have to register on the IT Dept. E-Filing website (, if first time you are going to file your tax returns online.To register in this site click on the “Register” link on the home page. The log in ID will be your PAN number and have to choose a strong password.

2. Check tax deposited in your Form 26AS

After register, the first step is to go through Form 26AS for the current assessment year. An itemized summary of all tax deposited under your PAN number contains in the Form 26AS. This including tax deducted at source (TDS) by employer on your salary and by banks on interest earned by you on bank deposits and fixed deposits, as well as tax that may have been deposited by you (Self-Assessment Tax).

You must bring the attention of your employer immediately in case of any discrepancy in the tally of the details of tax deposited by your employer with the details in the Form 16 given by your employer to you.
Anybody can view their Form 26AS by logging into their account on the IT Dept. E-filing website. After longing in, click on My Account> View Tax Credit Statement. After that on the next page, enter the requested details and you’ll be taken to your Form 26AS.

3. Choose the appropriate ITR form

To see the list of ITR forms available and determine which form is applicable to you based on your source of income click on I Am > Tax Payer >/HUF drop down menu option  on the IT Dept. E-Filing website homepage.

4. Download and open ITR utility

To download the online return preparation utility for the various ITR Forms, click on Downloads > Income Tax Return Forms drop down menu on the IT Dept.E-Filing  website homepage. By choosing the appropriate year at the top you can also download return preparation forms for previous Assessment year.

In addition to the Microsoft Excel based utility used in previous years, the Dept. has introduced a java based utility in this year. Both can downloaded as a ZIP file.

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