The process to e- file ITR is quick, easy and it facilitates loan processing for the user in the long run. ITRs filed give banks a fair idea about the source of the individual’s income, and the way the individual is committed to financial investments and repayments.
On the flip side, this allows the tax payers to apply for and obtain various loans from a financial institution.
The Government of India has made e-filing the ITR an easy to follow process. Unlike earlier, when the individuals had to hire a third person to fill their tax returns, you can now do it using the information available in Form-16 & Form 26AS. These are provided by the organizations in case of salaried individuals. In case you are a pensioner, State Bank of India also gives the form-16 to the individual.
Here is a step by step guide on how to login or Register on the e – Filing portal.
Step 1: – Visit the e – Filing website
https://www.incometax.gov.in/iec/foportal
Step 2: – Register or login to e – file your returns.
Step 3: – Click on ‘ Taxpayers’ and then enter the details of your PAN and click on ‘Validate ‘. Next, click on ‘ continue’.
Step 4: – Provide details such as your name, address, gender, residential status, date of birth etc.
In the next step, you will get some schedules in which your personal information will be asked and below you will see field v/s you need to select 139 (1) . After scrolling the page you will be aksed about your Bank Account that should be a validated one.
Step 5 : – Provide your Email ID and registered mobile number.
Step 6 :- Provide your FD’s Interest , Dividend , Income and if there is Exempt Income below you can also fill that too.
Step 7 :- Fill all the schedules correctly . In case , you don’t have your IP . Address you can also fill your city’s name.
Step 8 :- Once the form has been filled up , click on ‘ continue’ .
Step 9 : – You will have to verify the details following which a 6 – digit one time password ( OTP) Will be sent to your registered mobile number and E- mail address .
Step 10 : – Enter the OTP follow the instruction given to complete the registration process successfully .
Step 11 : – Once the OTP has been verified , a new window will open where you will have to verify the details provided by you . In case , any details given is incorrect , you can change it , following which another OTP will be sent to validate the change.
Step 12 : – The Final step will be set up a sent to your mobile and E – mail Id .
To file an ITR , the option of File New will be there on the dashboard . You need to check current Assessment year like ; that would be 2022 – 23 ( current A.Y) . and you will choose mode of Filing online and after that you will click proceed with ITR.
There will be some question like , why do you want to file an ITR. After that you have to click on continue .
And that is it, you will receive the confirmation on your registered email ID and phone number that your ITR has been e-file
