Filing income tax returns in Bangalore

Last Updated at: October 22, 2019
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As a salaried individual, you need to file income tax returns if you earn more than Rs. 5 lakh per annum in Bangalore. The process of filing tax returns online is called e-filing. You can either seek a professional’s help or do the process by yourself via the official income tax website. Basically, you should have necessary documentation such as Form 16 and other details before you proceed.

You have to file returns, as a salaried individual, if your annual income exceeds Rs. 5 lakh. The process of filing income tax returns on the internet is known as e-filing. You can seek the help of a professional or do it yourself by using the official website of the income-tax department. There are different income tax return forms (ITR forms) for each class of tax payers. You can download all these ITR forms from incometaxindiaefiling.gov.in. The due date for filing tax returns (physical or online) is July 31st. You should have your Form 16, other income details, all bank account numbers, IFSC codes, and personal details in place before proceeding.

File ITR before due date

Check out some of the articles below to find step by step information on company registration, iso registration or income tax related services and avail our resources to help you through the process.We are one of the best online service providers in the market for tax registrations and legal documentation.

Steps to follow to file returns:

First, log on to incometaxindiaefiling.gov.in and register on the website. 1. Your Permanent Account Number (PAN) is your user ID. 2. View your tax credit statement or Form 26AS. The TDS as per your Form 16 must tally with the figures in Form 26AS. 3. Click on the ITR forms and choose the financial year. 4. Download the ITR form applicable to you. If you are exempt income exceeds Rs.5,000, the appropriate form will be ITR-2. If the applicable form is ITR-1 or ITR 4S, you can complete the process on the portal itself by using the ‘Quick e-file ITR’ link—this has been explained in the next section. 5. Open Excel Utility, which has to be downloaded, and fill out the form by entering all details using your Form 16. 6. Check the tax payable amount by clicking the ‘calculate tax’ tab. 7. Pay tax (if applicable) and fill in the challan details. 8. Confirm all the data provided in the worksheet by clicking the ‘validate’ tab. 9. Generate an XML file and save it on your desktop. 10. Go to ‘upload return’ on the portal’s panel and upload the saved XML file. 11. A pop-up will be displayed asking you to digitally sign the file. In case you have obtained a digital signature, select ‘Yes’. If you do not have a got digital signature, choose ‘No’. 12. The acknowledgment form, ITR Verification (ITR-V), will be generated that can be downloaded by you. 13. Take a printout of the form ITR-V and sign it in blue ink 14. Send the form by ordinary or speed post to the Income Tax Department—Central Processing Center (CPC), Post Bag No. 1, Electronic City Post Office, Bengaluru 560 100—within 120 days of filing your returns online. Click here to find Income Tax Rates in India

Steps to file ITR 1/ITR 4S online:

You have the option to submit ITR 1/ITR 4S forms by uploading XML or by online submission 1. Login to e-Filing application 2. Go to ‘e File’ -> ‘Prepare and Submit ITR Online’ 3. Select the ITR form ITR 1/ITR 4S and the assessment year. 4. Fill in the details and then click the submit button 5. After submission, the acknowledgement details are displayed. 6. Click on the link to view or generate a printout of acknowledgement/ITR V form Click here to find out what to do in case you’ve receive an Income Tax Notice

It is important to file the income tax returns before the deadline. If you fail to do so, then you will be levied a penalty. So, have all the income details in hand and use your personal information, bank account details, etc. to get the income tax returns filed without delaying it till the last minute.

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