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We’ll collect the required documents, verify them, and prepare the necessary government forms. Our team ensures timely and accurate filings to the relevant authorities.

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The purpose of income tax filing is to report your income, claim eligible deductions, and pay the correct amount of tax to the government. It ensures legal compliance, helps avoid penalties, and builds a record of financial credibility—useful for loans, visas, and future financial planning.

Income tax filing is more than just a statutory requirement—it is a strategic tool for financial planning and compliance management. Timely and accurate filing enhances credibility, ensures smooth access to financial services. Income tax filing is not just compliance but a financial strategy.

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Discover everything you need to know about Income Tax E-Filing

Who Needs to e-File?

  • Salaried individuals above the exemption limit
  • Self-employed professionals and freelancers
  • Business owners (sole proprietors, LLPs, companies)
  • Directors, partners, and individuals with foreign or high-value income/assets
  • Anyone claiming a refund or holding foreign income/assets

Why e-File Online?

  • Faster processing and quicker refunds
  • Auto-validations reduce errors
  • Convenient—file from anywhere, anytime
  • Secure and confidential digital storage
  • Pre-filled data saves time
  • Instant filing acknowledgement provided

5 Quick Steps to File your ITR Online

Step 1
Quick Login / Signup
Log in or create your account effortlessly.
Step 2
Pick Income Source
Salary, business, capital gains & more.
Step 3
Auto-Filled Data
Details auto-fetched from IT Dept for ITR filing.
Step 4
Compare Tax Computation
Select between old & new tax regimes.
Step 5
File ITR & Confirm
File return & receive confirmation from IT Dept.

What Is an Income Tax Return?

An ITR (Income Tax Return) is a form that taxpayers use to report their income details and tax payments to the Income Tax Department. There are seven different ITR forms available for ITR e-filing: ITR 1 through ITR 7. The appropriate form for a taxpayer depends on various factors, including their sources of income, the total amount earned, and the type of taxpayer they are (such as individuals, Hindu Undivided Families (HUFs), companies, etc.). Each taxpayer must accurately complete their income tax filing within the specified deadline to comply with the Income Tax Law.

Who Must File Income Tax Return (ITR) in India?

Income tax filing is not just a legal obligation but a financial responsibility. It applies to individuals and entities across various income levels and categories. Here’s a clear breakdown:

  • Salaried Individuals
    If your total annual income exceeds the basic exemption limit, you are required to file IT returns online.
  • Self-Employed Professionals
    Freelancers, consultants, doctors, lawyers, designers, and other professionals above the exemption threshold must e-file. Business expenses can also be claimed.
  • Business Owners (SMEs & MSMEs)
    All business entities — including proprietorships, partnerships, LLPs, and private limited companies — must file ITR annually, regardless of profit or loss.
  • Directors and Partners
    Company directors and LLP partners are required to file ITRs showing their share of income and financial involvement.
  • Dividend, Interest, and Capital Gains Earners
    If you earn from dividends, interest (FDs, bonds), or capital gains (stocks, crypto, F&O), you must file and report these incomes.
  • NRIs and RNORs
    NRIs with income in India above the exemption limit must file ITR. RNORs with foreign income/assets may also need to file based on disclosure rules.
  • Foreign Asset or Income Holders
    Indian residents with foreign assets or income must file ITR — even if total income is below the exemption limit — for disclosure compliance.
  • High-Value Transaction Individuals
    ITR filing is mandatory if you’ve deposited over ₹1 crore in bank accounts, spent over ₹2 lakh on foreign travel, or paid an electricity bill over ₹1 lakh.

Eligibility for Income Tax e-Filing in India

In India, the obligation to file an ITR online arises under certain conditions. If your gross total income exceeds the basic exemption limit, you’re required to e-file — and the limits depend on your age and the tax regime selected.

A tax regime refers to the structure under which your income is taxed. Taxpayers can choose between the Old Tax Regime (with deductions and exemptions) and the New Tax Regime (with lower slab rates but limited deductions).

Old Tax Regime – Exemption Limits

  • Individuals under 60 years: ₹2.5 lakh
  • Individuals between 60 and 80 years (Senior Citizens): ₹3.0 lakh
  • Individuals over 80 years (Super Senior Citizens): ₹5.0 lakh

Income Tax Slabs – Old Regime

Income Range Income Tax Rate
Up to ₹2,50,000 Nil
₹2,50,001 to ₹5,00,000 5%
₹5,00,001 to ₹10,00,000 20%
Above ₹10,00,000 30%

New Tax Regime – FY 2024-25 (Default Regime)

The New Tax Regime is the default option with a basic exemption limit of ₹3 lakh for all individuals, offering lower tax rates but foregoing most deductions.

Income Tax Slabs – New Regime

Income Range (₹) Tax Rate (%)
Up to ₹3,00,000 Nil
₹3,00,001 – ₹6,00,000 5%
₹6,00,001 – ₹9,00,000 10%
₹9,00,001 – ₹12,00,000 15%
₹12,00,001 – ₹15,00,000 20%
Above ₹15,00,000 30%

Other Circumstances That Require ITR Filing

  • High-value transactions: You must file an ITR if you have:
    • Deposited ₹1 crore or more in current accounts.
    • Deposited ₹50 lakh or more in savings accounts.
    • Spent over ₹2 lakh on foreign travel for yourself or others.
    • Paid an electricity bill over ₹1 lakh in the financial year.
    • An aggregate TDS or TCS of ₹25,000 or more (₹50,000 for senior citizens).
  • Business Income: Mandatory if your total sales, turnover, or gross receipts exceed ₹60 lakh during the financial year.
  • Professional Income: Mandatory if your gross receipts from your profession exceed ₹10 lakh during the financial year.

Documents Required for Income Tax e-Filing

Before you begin e-filing your Income Tax Return in India, gather the necessary documents to ensure a smooth and accurate filing process.

📌 General Documents

  • ✔PAN (Permanent Account Number)
  • ✔Aadhaar (Linked to PAN)
  • ✔Bank Account Details

📁 Income-Related Documents

  • ✔Salary Slips
  • ✔Rent Receipts (for HRA claim)
  • ✔Form 16 (TDS on Salary)
  • ✔Form 16A (TDS on Other Income)
  • ✔Form 16B (TDS on Sale of Property)
  • ✔Form 16C (TDS on Rent)
  • ✔Form 26AS (Tax Credit Statement)

🧾 Deductions & Exemptions Documents

  • ✔Interest Certificates (from Banks/Post Offices)
  • ✔Home Loan Details (for interest deduction)
  • ✔Proof of Tax-Saving Instruments (LIC, Health Insurance, PPF, NSC, ELSS, etc.)
  • ✔Capital Gains Statements (from sale of stocks/property)
  • ✔Rental Income Proofs (Lease agreements, Rent receipts)
  • ✔Foreign Income and Dividend Income Proofs

Procedure for e-Filing of ITR in India

Income Tax Return (ITR) filing in India can be done in two primary ways: by filling the form offline and uploading it online, or by filing it entirely online through the Income Tax portal.

📁 Offline to Online Method

  1. 1Download the Appropriate ITR Form: Visit the official Income Tax portal and download the correct ITR form using the Excel or Java utility.
  2. 2Fill Out the Form Offline: Complete the ITR form on your computer without internet access, allowing you to work at your own pace.
  3. 3Save the Form in XML Format: Once all details are filled, save the file in XML format (required for uploading).
  4. 4Upload the XML File: Log into the portal, go to the upload section, and submit your XML file to complete your ITR filing.

🌐 Fully Online e-Filing Method

  1. 1Log in to the Portal: Go to the Income Tax e-Filing website and click on “Login.”
  2. 2Enter Credentials: Use your PAN as username and enter your password. Click “Continue.”
  3. 3Access Filing Section: Navigate to the “e-File” menu → “File Income Tax Return.”
  4. 4Select Assessment Year & Mode: Choose the correct AY (e.g., AY 2025–26) and select “Online” as the filing mode.
  5. 5Choose Taxpayer Category: Select whether you’re filing as an Individual, HUF, or other entity.
  6. 6Select the Right ITR Form: Based on your income and category, choose the correct ITR form suggested.
  7. 7Specify Filing Reason: Choose if you’re filing a regular return, revised return, or refund claim.
  8. 8Verify Pre-Filled Details: Review and edit auto-filled information from your employer, bank, etc.
  9. 9Review Summary: Go through the tax summary, deductions, and liabilities before proceeding.
  10. 10Make Tax Payment: If needed, pay pending tax online using net banking or debit/credit card.

Revised, Belated & Updated Return Filing

🔄 Revised Return Filing

If you’ve already filed your original or belated return and later discover an error or omission, you can file a Revised Return under Section 139(5).

  • Common reasons: Correction of income, deductions, missed disclosures, or personal details.
  • How: Choose the ‘Revised Return’ option while e-filing and update the details.
  • Deadline: On or before December 31st of the relevant assessment year.
  • Tip: File early to avoid complications or tax notices.

⏱️ Belated Return Filing

Missed the July 31st deadline? You can still file a Belated Return under Section 139(4).

  • Deadline: On or before December 31st of the assessment year.
  • Penalty under Section 234F:
    • ₹5,000 if total income is above ₹5 lakh.
    • ₹1,000 if total income is up to ₹5 lakh.
  • Interest under Section 234A (1% per month on unpaid tax) applies.
  • Ensure your bank account is pre-validated for any potential refunds.

📝 Updated Return (ITR-U) Filing

If you missed both original and belated return deadlines, you can still file an Updated Return (ITR-U) under Section 139(8A) to report any income you missed.

  • It allows you to correct errors or report income you previously omitted.
  • Can be filed within 2 years (24 months) from the end of the relevant assessment year.
  • An additional tax of 25% or 50% on the tax due is payable.
  • Cannot be used to claim a refund, report a loss, or reduce your tax liability.

Income Tax E-Filing – Frequently Asked Questions

Explore commonly asked questions about GST Revocation in India. Learn about the costs involved, legal formalities, and key advantages to help you make confident and informed choices.

e-Filing of Income Tax Return (ITR) is the process of submitting income tax returns online through the Income Tax Department’s e-filing portal. It is an electronic filing that prevents taxpayers from offline filing complications. It is mandatory for all individuals with taxable income to file their income tax returns (ITRs) electronically.

An Income Tax Return is a form filed with the Income Tax Department containing details of an individual’s income and taxes paid during a financial year (1st April to 31st March). The department has prescribed seven ITR forms based on income level, income source, and taxpayer category. All the ITR forms can be electronically filed in the Income Tax Department e-filing portal.

E-filing is a secure and fast method that allows taxpayers to file returns from home or office, ensuring compliance with tax laws efficiently. You can get a 10+ years experienced expert accountant from IndiaFilings to complete your return filing in minutes.

Note: It’s not legally distinct from the owner, meaning the business and the individual are treated as one for taxation and liability.

 

  • E-filing your Income Tax Return (ITR) is crucial for several reasons:
  • Convenience and Speed: File from anywhere at any time, faster than offline methods.
  • Accuracy: Built-in checks reduce errors, ensuring correctness.
  • Quick Refunds: Get faster refunds via direct ECS credit after bank account validation.
  • Easy Verification: Verify returns via Aadhaar OTP, EVC, or physical signature.
  • Record Keeping: Maintain a digital archive of your past returns.
  • Compliance: Filing ensures you meet legal requirements and avoid penalties.Note: Registration helps in opening a current bank account, getting GST, and accessing business loans or government schemes.

  • Legal Documentation: Your income tax filing or ITR serves as an official record of your income and taxes paid, acting as crucial proof for:
  • Identity Verification: It is accepted as valid identity proof by various government and financial entities.
  • Income Verification: It details your financial earnings and deductions, essential for major financial transactions like buying property or applying for a loan.
  • Claim Tax Benefits: Income tax e filing allows you to claim tax deductions and exemptions under various sections of the Income Tax Act, effectively reducing your tax liability. So, make sure to do the ITR online and claim the benefits.
  • Essential for Financial Transactions: ITRs are often required for:
  • Loan Applications: Banks and financial institutions typically require the last few years’ ITRs as proof of income.
  • Visa Applications: Many countries require proof of financial records, such as ITRs, for visa applications to ensure the applicant’s financial stability.
  • Avoid Penalties: Failing to do IT return filing can result in penalties and fines, especially if you are liable to pay tax. Timely Income tax e filing helps avoid these unnecessary costs.
  • Carry Forward Losses: If you incur any financial losses, these can be carried forward to subsequent years to be offset against future profits. This benefit is only available if you did income tax filing.
  • Quick Loan and Card Approvals: Demonstrating a consistent tax record through ITR online can speed up the approval process for loans and credit cards by showcasing financial reliability and regular income.
  • High-Value Investments and Transactions: For transactions involving high values, such as the purchase of property or high-premium insurance, having a filed ITR is often mandatory.
  • Refund Claims: If you’ve paid more tax than you owe (through TDS, etc.), Income tax e filing is necessary to claim a refund. The refund process is straightforward and generally swift in efile taxes.
  • Compulsory If Meeting Certain Criteria: In some cases, like if your electricity bills or foreign travel expenses exceed a specified limit, ITR filing becomes mandatory regardless of your income level.Note: Document requirements may vary depending on state rules and the type of business.

In India, eligibility to file an Income Tax Return (ITR) is generally based on the individual’s income level and residential status. Any resident individual with a taxable income exceeding the basic exemption limit must file an ITR. This includes income from salary, one house property, agricultural income (up to Rs. 5,000), and other sources like interest from savings accounts or deposits.

Additionally, Non-Resident Indians (NRIs) must file an ITR if they have income that is taxable in India, such as income from Indian sources. Filing an ITR also allows you to claim a refund of excess tax paid, which is credited to your bank account through ECS transfer after pre-validating your bank account details.

Note: Timelines can vary based on your location and the responsiveness of government portals.

Yes, TDS deduction by the employer and filing an Income Tax Return (ITR) are two separate legal obligations under the Income Tax Act. TDS ensures partial tax payment on your taxable income, but you must still file your ITR to declare total income, claim refunds (if any), and report deductions. Filing your income tax return is also essential for financial documentation, especially when applying for loans, visas, or credit cards. It serves as proof of your income and tax compliance.

Note: However, all employment-related compliance like TDS and labour law registration must be handled by the owner.

  • Definition: A Nil ITR is an Income Tax Return filed when your total income is below the taxable limit, and no tax is payable for the financial year. While not mandatory in such cases, filing a Nil ITR offers several benefits:
  • TDS Refunds: If Tax Deducted at Source (TDS) has been deducted from your income (e.g., bank interest), filing a Nil ITR is essential to claim a tax refund.
  • Building Financial History: Regular ITR filing, even Nil returns, helps establish a documented financial record, useful for loan approvals and visa applications.
  • Mandatory Filing in Specific Cases: Filing is required even with no taxable income if you have foreign assets, are involved in high-value transactions, or meet other specified conditions under the Income Tax Act.
  • Carry Forward of Losses: To carry forward business or capital losses to future years, a Nil ITR must be filed within the due date.
  • Note: You can operate under your own name or a chosen business name, but make sure it’s not already in use.

  • Choosing the correct Income Tax Return (ITR) form is crucial for accurate and efficient e-filing. The Income Tax Department of India provides seven types of ITR forms for different categories of taxpayers based on their income sources and types. Here’s a guide to help you select the right form:
  • ITR-1 (Sahaj):
  • Eligibility: Resident individuals with income up to Rs. 50 Lakh from salary, pension, one house property, and other sources (excluding business or profession income).
  • Exclusions: Income from lottery winnings, horse racing, or capital gains.
  • ITR-2:
  • Eligibility: Individuals and Hindu United Families (HUFs) with income exceeding Rs. 50 Lakh, or those with income from multiple house properties, capital gains, foreign assets, or agricultural income exceeding Rs. 5,000.
  • Inclusions: Directors in companies, unlisted equity share investments, and foreign income.
  • ITR-3:
  • Eligibility: Individuals and HUFs with income from business or profession, including partners in firms.
  • Inclusions: Salary, pension, capital gains, and other income sources.
  • ITR-4 (Sugam):
  • Eligibility: Resident individuals, HUFs, and firms (excluding LLPs) with income up to Rs. 50 Lakh under presumptive taxation schemes (Sections 44AD, 44ADA, 44AE).
  • Exclusions: Capital gains, multiple house properties, foreign assets, or unlisted equity shares.
  • ITR-5, ITR-6, and ITR-7: These forms are for firms, companies, and specific entities like trusts and associations, not for individual taxpayers.

  • To file your Income Tax Return (ITR), essential documents include your PAN card and Aadhaar card. Along with these, the following documents are required based on your income source and eligible deductions:
  • Form 16: Issued by your employer, showing salary, allowances, deductions, and TDS details.
  • Salary Slips: Contain information like HRA, DA, TA, statutory deductions, and tax deducted.
  • Form 26AS: Reflects TDS, advance tax, self-assessment tax, and high-value financial transactions.
  • Annual Information Statement (AIS): Provides detailed financial data including savings interest, rental income, and mutual fund transactions.
  • Form 16A/16B/16C: Shows TDS on interest, property purchase, or rent from plant and machinery.
  • Interest Certificates: For income earned from savings accounts, fixed deposits, recurring deposits, or post office savings.
  • House Property Details: Rental receipts, landlord PAN (for HRA claim), home loan repayment certificate for claiming Section 24 and 80C deductions.
  • Capital Gains Documents: Sale deed (for property sales), capital gain statement from broker (for shares, mutual funds).
  • Profit & Loss Account and Balance Sheet: For business income, including schedules.
  • Other Income Proofs: Documents for dividend, family pension, freelance income, tuition fees, honorarium, or winnings from lotteries and games.
  • Investment Proofs: To claim deductions under Chapter VI-A such as:
  • EPF, PPF contributions
  • ELSS investments
  • Life insurance premiums
  • NPS contributions
  • Health insurance premiums (Section 80D)
  • Education loan interest (Section 80E)
  • Children’s education expenses

  • Note: Voluntary GST registration can also help you build business credibility and claim input tax credit.

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