How to e filing income tax online and Offline

According to the income tax act,1961, in the financial year, any person who has an income larger than the minimum taxable income, has to file his income tax returns for the financial year.

The process of filing income tax returns online is known as e-filing. Income tax can be filed either via online or offline mode. In order to file your income tax, you can either take professional help or you can file it at the comfort of your home itself. The last date for filing income tax (both online and offline) is July 31st, 2019, recently the Income Tax department has extended it till 31st August 2019

The taxpayer must complete the registration process in order to access the e-filing website-

1. Go to the e-filing website of the income tax department (https://incometaxindiaefiling.gov.in)

2. Click on the register yourself button on homepage.

3. The registration page is open.

4. Select the user type (individual/firm) and click on continue button

5. Enter the basic details like name, date of birth/date of incorporation, PAN details, email ID and mobile number.

6. When the details provided by you are verified, then the registration form will open. The mandatory details that need to be filled on the registration form are password, personal details/principal contact details, contact details, current address, subscribe to emails, alerts, reminders and notifications and finally fill up the captcha.

7. Click on the submit button.

8. On successful completion of the registration process, the user will get a notification of registration successful on the screen.

9. An activation link will be sent to your email ID and OTP will be sent to your registered mobile number.

10. Click on the activation link or use the OTP sent to your registered mobile number, to successfully complete your e-filing registration process.

Now you are ready to access your e-filing website.

For e-filing income tax online, here are a few steps that you must follow-

1. Login to e-filing website using your user ID, password, date of birth/date of incorporation and captcha

2. Go to e-file and click on Prepare and submit ITR online

3. Select the ITR 1/ITR 4S form and the assessment year. Note that only ITR 1 and ITR 4S can be e-filed online

4. Fill in the details and click on Submit button

5. Upload Digital Signature certificate, if applicable.Please ensure that your DSC is linked with your e-filing.

6. Click on Submit button

7. On successful submission, if the ITR is submitted along with the DSC, ITR-V will be displayed. Click on the link to download ITR-V. The ITR V form is also sent to your registered e-mail ID.

OR

If the ITR isnt submitted along with DSC, then it should be printed, signed and sent to CPC within 120 days from the date of e-filing. The return will be processed only upon the receipt of signed ITR-V.

You can follow these steps to e-file income tax offline-

1. Download the ITR preparation software for the relevant assessment year

2. Prepare your tax return using the downloaded software

3. Login to the r-filing website using your user ID, password, date of birth/date the corporation was conceived and enter the captcha

4. Go to e-file and click on upload return ITR-V

5. Select the appropriate ITR, assessment year and the XML file which was saved previously in step 2

6. Upload the Digital Signature certificate, if applicable. (please ensure that your DSC is registered with e-filing website)

7. If the ITR is uploaded along with the digital security certificate (DSC) then the ITR-V form is displayed on the webpage. Follow the link to download the ITR-V form. The ITR-V form is also sent to your registered e-mail ID.

If you haven uploaded your digital signature certificate along with your ITR V form, then you need to download the form, take a printout and submit it to the CPC within 120 days.

Documents required for e-filing of income tax

The documents required for e-filing varies depending on the type of income that the taxpayer is trying to report

For salaried employees, the documents required are-

1. Form 16 issued by your employer

2. PAN card details

3. Bank account details

For reporting capital gains, required documents are-

1. Stock trading statement along with purchase details if there are capital gains after selling the shares

2. When a house/property is sold, then the details like sale price, purchase price, details of registration and capital gains details are required

3. Details of mutual funds statement, sale and purchase of equity funds, debt funds, Equity linked saving scheme and SIPs.

For house property income, the documents required are-

1. Address of the property

2. Details of the co-owners of the property along with their PAN details

3. Name of tenant and rental income, if any

4. Certificate of home loan of the property

Under section 80C, the maximum amount that can be claimed from your income tax return is 1.5 lacs. Many tax exemptions and deductions can be directly claimed while filing your Income tax returns, such as-

1. Your contribution to the Provident Fund

2. Your childrens school tuition fees

3. Life insurance premium payment

4. Principal amount paid on home loan

5. Stamp duty and registration charges

6. Equity linked savings schemes (ELSS) / mutual fund investments

You need to keep the documents and bills linked with the payments made in order to claim the exemption under section 80C

Income tax slabs for the FY 2018-19 (AY 2019-20)

Normal tax rates applicable to a resident individual below the age of 60 years i.e. born on or after 1.4.1958

Net income range	Income-tax rates	Health and Education Cess
Up to Rs. 2,50,000	Nil	Nil
Rs. 2,50,000  Rs. 5,00,000	5% of (total income minus Rs. 2,50,000) [*]	4% of income tax
Rs. 5,00,000  Rs. 10,00,000	Rs. 12,500 + 20% of (total income minus Rs. 5,00,000)	4% of income tax
Above Rs. 10,00,000	Rs. 1,12,500 + 30% of (total income minus Rs. 10,00,000)	4% of income tax

Normal tax rates applicable to a resident individual of the age of 60 years or above at any time during the year but below the age of 80 years

Net income range	Income-tax rates	Health and Education Cess
Up to Rs. 3,00,000	Nil	Nil
Rs. 3,00,000 - Rs. 5,00,000	5% of (total income minus Rs. 3,00,000) [*]	4% of income tax
Rs. 5,00,000 - Rs. 10,00,000	Rs. 10,000 + 20% of (total income minus Rs. 5,00,000)	4% of income tax
Above Rs. 10,00,000	Rs. 1,10,000 + 30% of (total income minus Rs. 10,00,000)	4% of income tax

Normal tax rates applicable to a resident individual of the age of 80 years or above at any time during the year

Net income range	Income-tax rates	Health and Education Cess
Up to Rs. 5,00,000	Nil	Nil
Rs. 5,00,000 - Rs. 10,00,000	20% of (total income minus Rs. 5,00,000)	4% of income tax
Above Rs. 10,00,000	Rs. 1,10,000 + 30% of (total income minus Rs. 10,00,000)	4% of income tax

Non-resident individual irrespective of age

Net income range	Income-tax rates	Health and Education Cess
Up to Rs. 2,50,000	Nil	Nil
Rs. 2,50,000 - Rs. 5,00,000	5% of (total income minus Rs. 2,00,000) [*]	4% of income tax
Rs. 5,00,000 - Rs. 10,00,000	Rs. 12,500 + 20% of (total income minus Rs. 5,00,000)	4% of income tax
Above Rs. 10,00,000	Rs. 1,12,500 + 30% of (total income minus Rs. 10,00,000)	4% of income tax

Normal tax rate applicable to resident/non-resident Hindu Undivided Family (HUF)

Net income range	Income-tax rates	Health and Education Cess
Up to Rs. 2,50,000	Nil	Nil
Rs. 2,50,000 - Rs. 5,00,000	5% of (total income minus Rs. 2,50,000) [*]	4% of income tax
Rs. 5,00,000 - Rs. 10,00,000	Rs. 12,500 + 20% of (total income minus Rs. 5,00,000)	4% of income tax
Above Rs. 10,00,000	Rs. 1,12,500 + 30% of (total income minus Rs. 10,00,000)	4% of income tax

Normal tax rates applicable to every AOP/BOI/Artificial juridical person

Net income range	Income-tax rates	Health and Education Cess
Up to Rs. 2,50,000	Nil	Nil
Rs. 2,50,000 - Rs. 5,00,000	5% of (total income minus Rs. 2,50,000) [*]	4% of income tax
Rs. 5,00,000 - Rs. 10,00,000	Rs. 12,500 + 20% of (total income minus Rs. 5,00,000)	4% of income tax
Above Rs. 10,00,000	Rs. 1,12,500 + 30% of (total income minus Rs. 10,00,000)	4% of income tax

Normal tax rates applicable to a Co-operative societies

Net income range	Rate of income-tax
Up to Rs. 10,000	10%
Rs. 10,000 - Rs. 20,000	20%
Above Rs. 20,000	30%