When the last date of IT filing arrives close, every taxpayer worries about how to calculate the taxable income and online e-filing of the income tax return. The income tax return has to be mandatorily e filed in case your income is above the basic slab rate. However, paper returns can be filed by those who are above 80 years of age and do not have any income from regular business or profession.
The filing is done by a professional like CA or you can do it yourself. You can use the official website for e-filing. There are two questions that rise in the mind-what is e-filing and how e-filing is done?
What is Income Tax E-Filing?
E-filing stands for electronically filing and it is the process of electronically filing of income tax return via the Internet.
Types of Income Tax E-Filing:
E-filing of IT Returns online in three ways-
- By using a Digital Signature Certificate (DSC)
- Without a Digital Signature Certificate
- Using an e-Return Intermediary (ERI) with or without DSC
Step-by-Step Guideline to E-Filing of ITR:
Here we describe an easy procedure for e-filing using the official website of the income tax department. We would like to give a suggestion before starting the process of filing, first of all, you have to check out your bank statements, and Form 16 issued and keep a copy of the previous return in hand.
To Upload Income Tax Return by Yourself:-
- Go to the homepage of the official website https://incometaxindiaefiling.gov.in/ On the right side, you will see a downloads section. Click on “Common Offline Utility”
- After that, select the appropriate assessment year and download the utility
- Fill in the utility and validate
- Now create a JSON file and save the same in the respective folder of your computer
- Log in to your ITR e-filing software panel and go to the Upload Return section of the software
- Select options such as income tax return and assessment year
- After that browse the JSON file and select it
- If you have an applicable Digital Signature Certificate then upload it
- It is a very simple step, just click on the Submit button
- When the form is successfully uploaded then Acknowledgment details will be showcased. After that, you can get the printout of the Acknowledgment by clicking on the View link
- In case you have already verified your return through the DSC or Aadhar-based OTP/EVC then you don’t need to send the physical copy of ITR V at CPC otherwise a physical copy of ITR V duly signed has to be sent to CPC Bangalore.
To Upload Income Tax Return by E-Return Intermediary (ERI) Chartered Accountant:-
- A procedure is the same for filing a return except that in the case of filing through ERI, a return can be rejected by the department.
- For filing returns through the ERI channel, an option is provided on the right-hand side of the “Online activities” button. Select it.
- After that click on ‘return submit and click on ‘online activities
- After uploading the return, it will show the following message
“File successfully uploaded on the website, Remaining credit is.” - On the main page of computation, a link will be highlighted “Get Status”
- The status of the return filed through ERI is updated by the Income Tax Department from 10 minutes to 24 hours.
- In case of rejection of any return, a Token Number and date on which the return is uploaded on the department server are given.
Note: The ERI option is not working for the current financial year. The above steps are taken from the previous FY.
I selected by a mystically new regime. I deducted tax any option to choose an old regime
Hi VIKAS SHINDE
I Also done same mistake, I have selected a new tax regime and every month tax is deducted from my salary. is there any way to change my selection from new to the old tax regime.
You have any solution please share me.
even I done same mistake I don’t how to switch back it as I have already getting the tax deducted from salary
Not sure how I have selected or opted for a new regime in may’20 and been getting deducted with TDS. Please let me know if there is any other option to revert back to the old regime for the current/next FY and any possibility to file tax returns for the deducted amount.
By mistake, I have selected a new tax regime and every month tax is deducted from my salary. is there any way to change my selection from new to the old tax regime.
There is no method to change that but you can file your return of income on the basis of the old regime and if any excess tax is deducted then it will get refunded after filing return of income
My refund not pay
BY DEFAULT I FILLED ITR IN OLD REGIME, NOW I WANT TO SWITCH TO NEW REGIME. WHERE IS THE OPTION TO SELECT NEW REGIME?
New regime is applicable from AY 21-22
Hi,
By mistake, I have selected a new tax regime and every month tax is deducted from my salary. is there any way to change my selection from new to old tax regime.