How to easily file I-T returns online, free of cost http://www.moneylife.

in/article/how-to-easily-file- Moneylife

1 of 4

Signup Login Free Helplines

PERSONAL FINANCE

INVESTING

COMPANIES & SECTORS

ECONOMY & NATION

Feedback

LIFE
Connect with Us

Moneylife Economy & Nation

Taxation How to easily file I-T returns online, free of cost

How to easily file I-T returns online,

free of cost
25 comments

QNet: EOW tightens rope around

agents, meeting places

+ COMMENT

Unfolding of Aadhaar scam:

YOGESH SAPKALE

| 17/07/2013 03:42 PM |

Guaranteed revenue flow for

MNCs by Modi govt? Part2
Unfolding Aadhaar Scam:
Important pages missing from
UIDAI contracts - Part1
BCCI postpones selection meet
amidst confusion
Why put Rs2,375.4 crore of our
money in horribly mismanaged 23
co-op banks?
Why Doval sees democracy as a
powerful tool to deal with security
issues

Filing of income tax returns online is very easy and free, especially for
salaried people and there is no need to visit paid sites for e-filing your I-T
returns
Every year July not only brings heavy downpour but also makes every salaried taxpayer
rush to file income tax (I-T) returns. Filing returns before 31st July has now become quite
Enter your email id here
easy, especially with the electronic filing; one can file it online without taking any help
from accountants or a chartered accountants (CAs).

1,00,000 Readers

There are a number of websites like

Taxspanner.com (charges Rs249 onwards),
HRblock.in (Rs99 onwards), Taxsmile.com
(Rs250 onwards), taxshax.com (Rs181 onwards),
myITreturn.com (free for those with income of
less than Rs5 lakh, for others Rs299 onwards)
that offer e-filing of tax returns for a small fee.
However, anyone can file his/her I-T return
directly from the Income Tax departments

08/11/2014 2

How to easily file I-T returns online, free of cost http://www.moneylife.in/article/how-to-easily-file- Moneylife

2 of 4

Signup Login Free Helplines

Feedback

Overview
Approach (for salaried
My Moneylife
account
For
filing I-T returnsOuronline
people),
you need FAQs
to have your Form 16Career
(forwith

Moneylife

88

satisfactory compared to other sites.

More in Moneylife
Founders
FY2012-13
or
Moneylife Magazine

Stock Screener
AY2013-14)
ready with
Write for us

Feedback
your
bank
Contact Us

statements

Join Moneylife Foundation

Moneylife on Facebook

Current | Download | Back Issue

any
Partner
other
with income
Moneylife earned,
Customer
if Service
any, during April
Site map2012 to March
2013.
Moneylife on Twitter

showingDaily
Moneylife
interest
News & Views
or
Moneylife Foundation
Here are some tips
Moneylife Smart Savers

you.

Subscriber Billing Info

You
will also need
How to subscribe?

Policy
Mail us
Moneylife on
or Privacy
guidelines
for filing
their I-T returns online based on my personal
SUBSCRIBE
Terms of Use

LinkedIn
Get Free Newsletter

VIDEOS

Call us

experience...
Advertise with us
Unfolding

of Aadhaar scam:
Reporting, legal and
Guaranteed revenue flow for MNCsCSRby
fiscal due diligence
1. While we often remain dependent on accounting professionals
for tax by
computation, one
Modi
govt?
Part2
NGOs
can always verify or calculate his/her own tax liabilities. I have been using a very good

and

+3932 views

free software (actually an Excel file) from a Bengaluru-based software professional

Nithyanand.
can download the Excel file
http://www.ynithya.com/taxcalc
from
TODAY'S
TOPOne
STORIES
/taxcalc.htm
and calculate the approximate tax liabilities. For FY2012-13, you will need to
download the specific Excel file
XLSX
either
orXLS
.. version.

QNet: EOW tightens rope around

agents, meeting places

This simple utility comes with an excellent help or guidelines, using which all you need to
Moneylife Digital Team

do is enter your data. Once done, it gives a fair idea about your approximate income tax

LATEST
online COMMENT
banking after

liability, and whether you had paid the tax in full or not. (In case it is not paid in full, you
can always pay it through the NSDL website or

The Rot Called Corporate Debt

selecting the

appropriate challan. After making the payment, you would receive a challan identification
Re-structuring
Why HDFC Bank want this
number that is required for filing the actual return form)
Moneylife Digital Team
lady Shyamala Gopinath
as Chairperson?
2. Visit the I-T department site for filing returns online
Babubhai Vaghela

https://incometaxindiaefiling.gov.in/e-Filing/UserLogin
/LoginHome.html?nextPage=efile
. If you are already registered, then simply log in. If

Post your Comment

MORE

not, you can register as a new user and then log in. You can visit the site and download
Comment*:
forms without login as well, but for submitting tax returns online, one needs to be a
No PDS for taxpayers,
registered user and then log in.
class I & II govt officers?
3. After login, select appropriate Income-Tax return
(ITR)
There are five types of
Moneylife
Digital form.
Team
ITR forms, ITR-1 or Sahaj, ITR-2, ITR-3, ITR-4 and ITR-4S (Sugam) for individualsHowor
to

get deemed

conveyance for your

HUFs. If you do not have any other income except from salary, you can select ITR-1.
To
housing society
HC asks CBDT to extend
know more about the ITR forms you can
https://incometaxindiaefiling.gov.in/portal
visit
deadline for filing I-T
/selectforms.do
returns to 30th November
Alert file
me when new
is posted
on this article
4. Download a small
orcomment
return
preparation
software as the I-T department calls it. This
Please read ourModeration Policy and Terms of Use
before posting

Moneylife Digital Team

comes in .zip format that can be unzipped to open the Excel file. There is also a help file
that gets downloaded along with this software, which you can refer to for enabling
macros, if needed.
5. Open the Excel file. Fill in the data on the first page using your Form 16 and Nithyas
calculator. You need to fill in all fields marked in green colour. If you have a home loan for

Comment

a self-occupied house, then you can mention the interest paid using '-' sign in the income
fromComments
one house property column. (Principal on home loan up to Rs1 lakh is exempted
25
under chapter VI (Section 80C)) Check and verify the data you filled in the form. Double
Shanky kansal

3 months ago

check and verify it with your source files or with Form 16 and Nithyas calculator. Then
email me
on at the top corner on the right side. This will show if there is any
click on the Validate
tab
data missing. If shankyknsl@gmail.com
every field is filled in, it will give you an OK. You can then click on Next

08/11/2014 2

How to easily file I-T returns online, free of cost http://www.moneylife.in/article/how-to-easily-file- Moneylife

3 of 4

Signup Login Free Helplines

Feedback

number (TAN) of your employer/s (It is mentioned in the Form 16), and the tax deducted
Reply

Link

Report abuse

or TDS (Section 22 on the form). You need to provide same details of other employer/s if
there is a change in the job during the year. In case, you have paid the tax on your own,
year ago
then provide the deepaksb
details 1 like
BSR code, challan number and amount in Section 24 near the
Irresponsible
Dependence
a private
co.like Microsoft
Government
departmentis
like
income
bottom of the page.
Repeatonthe
validation
process by
and
if everything
OK,
then go to Corporate
next Frauds:
Advertising Account
Penalising the Honest

tax is just NOT ACCEPTABLE. (I have nothing against Microsoft as an

Organization).

page.

Many Govt./PSU banks and Insurance cos.portal used by an individual small users
7. On the next page,
you need to provide your bank account number, IFS code of the bank
supports ONLY Microsoft products like windows and Internet explorer.

(it is mentioned on your chequebook) and type of account. Make sure that the bank
consumer
oriented
get together
and collectively
Book Launch
-IFThis
of the
account number isAll
your
regular
andorganizations/experts
personal account must
rather
than salary
account.
legendary Kanga

How to Write your

Own Will?
REQUIRED FORCE-GOVT.DEPARTMENTS to ensure all online services used by
helps in case there
is any
refund
payableandtosmall
you.
people
quotetotheir
salary account
general
population
, salaried
taxOften,
payers must
be allowed
use
like to
OPENget
OFFICE
domain.
in this form and free/open
find it software
difficult
taxetc.freely
refunds available
in case onofpublic
change
in job or closure of

this

account.

Its not completely ruled out that private high tech corporations have GREASED
palms of Govt.owned organisations' software developers. ( so that software
developers generate packages used by common population which supports ONLY
8. Fill in other Microsoft
details and
like
your name, place, PAN number and date. Double-check and
other such cos. to increase sale of their software products).Such
verify all data you
had
entered
on this page.
everything
right MRTP
and there are no errors,
actions of using a particular
softwareIf
also
defies laws is
of earlier
act/Competition
commission
act.
click on the validate tab. After a validation check, click on the Generate tab on first page.

What's your say?

This will create Comments

an xml by
file.
Store
it on
yourisPC/desktop
laptop.
experts
on above
subject
welcome and aor
positive
action
9. Login to

will be in
the interest of common population, small income group and retired persons.Will you buy, read Sachin
Tendulkar's autobiography,
'Playing It My Way'?
https://incometaxindiaefiling.gov.in/portal/login.do
the
site using your
Reply

Link

Report abuse

username and password. Click on the 'Quick e-file ITR' link on the left hand side. Select
Yes

the relevant form (here ITR-1) and assessment year (here AY2013-14). Select prefill
Vyas

No
1 year ago

address from suitable options. If you have digital signature then you can use
it. Otherwise,
Can't Say
It happened
too. It isClick
more serious
one. The
rogue CA
you can select 'No'
option with
and meproceed.
on submit
returns.

has been telling me,

he has been attending the scrutiny hearings and charged me but he never
Enter Code
attended.

:
change code

10. Browse to select the xml file, you had created earlier, and click on Upload button.
Reply

Link

Report abuse

VOTE

11. If the uploading is successful, you will get an on-screen acknowledgement. Take a
print-out of the Tapan
acknowledgement
Chatterjee 1 yearor
ago ITR-V form. You would also receive the

What you said

acknowledgement in your email inbox. This is a password protected file. You can read the

One rogue CA duped my wife and me by (i) not filing the IT returns despite
directions on theclaiming
website
file. away with our files. Going to the Police
to to
haveopen
done;this
(2) running
Will
wasthe
no cut in diesel price help
help except to give us a letter outlining the incident.
cool off inflation & lower the
After this sordid experience I launched myself to file it on-line with much
govt's subsidy bill?
12. If you are using
digital
signature,
then unknown.
after receiving
acknowledgement,
the
customary
trepidation
of something
It turned outthe
to be
Very Simple and
Yes
easy
too.
process for e-filing is over for you.
No
I'm Very Happy that you've very lucidly described the process. Thank you Very
Can't Say
Much.
Readers
GO for
it!
13. In case you are
not Please
a using
digital
signature for filing returns, you need to sign
26.4% on the

acknowledgement or ITR-V form. Make a Xerox copy of this signed form. Send the signed
Reply

Link

Report abuse

69.8%

form to...
Vyas 1
Income Tax Department

year ago in reply to Tapan Chatterjee

CPC,

Post Bag No - 1,
Electronic City

Thanks for casting your

It happened with me too. It is more serious one. The rogue CA has been telling
me,
View Previous Polls
he has been attending the scrutiny hearings and charged me but he never
Post Office,
attended.

votes!

Bengaluru - 560100, Karnataka

Reply

Link

Report abuse

Use ordinary post or Speed Post for sending the form, within 120 days after submitting
Page
1
2
3
your
returns
online. The I-T Department does not accept forms sent through registered

08/11/2014 2

How to easily file I-T returns online, free of cost http://www.moneylife.in/article/how-to-easily-file- Moneylife

4 of 4

Signup Login Free Helplines

Feedback

08/11/2014 2