Form 16 for Income Tax e-Filing - Understand Your Form 16. Prepare Early for next ITR filing Least complicated ITR e-filing in the industry E-file your ITR in a few simple stepsExpert Assistance over Chat and EmailClick to go through the procedure for e-filing hereStart e-filing Where can I get a Form 16? An employer must issue Form 16 to the employees even if there is no tax deduction from the employee’s salary as Form 16 carries all the information required by an employee and necessary to file his/ her income tax returns.
How can I use Form 16 to file Income Tax Returns? In India, the rule for filing Income Tax is based on The Income Tax Act of 1961 and the Income Tax rules of 1962. Why is Income Tax Form 16 required? When a salaried individual realizes the contents of Form 16 then Income Tax Returns filing become more understandable. Form 16 has two section, Part A and Part B. Part A of Form 16 consists of the following: Part B comprises of numerous details that are needed while Income Tax Returns. Part B of Form 16 consists of the following: Q. Q. Login | Income Tax Login and Registration. Every Taxpayer who has tax liability must pay taxes and file income tax return for the same. In order to file tax return it is mandatory for the taxpayer to register on the Income Tax Department’s official e- filing portal.
With the steps mentioned-below, you can easily register yourself on the IT Department’s official portal: - Step: 1 Visit the Income Tax Department’s official e-filing portal, on the homepage click on the option that says“Register Yourself”. Step: 2 Select the User Type, once you click on the Register Yourself button, you will be redirected to a form that will ask you to select your use type. Step: 3 Enter your basic details Step: 4 Fill the registration Form, following details are mandatory: - Password detailsContact detailsCurrent addressSecret Question After correctly entering all the details, click on the submit button. The OTP will expire after 24 hours from the actual time of receipt. How to login to the Income Tax Department’s official portal? Q. Q. Q. Q. How to e-verify ITR-V | ITR-V form. How to e-verify your returns if you already have an EVC If you click the link “I already have an EVC to e-verify their return”, the below screen will be displayed.
Enter you EVC in the provided box and click submit to e-verify. A screen with the message “Return successfully e-verified, Download Acknowledgement” will appear. Relax! You’ve successfully e-verified your income tax returns. You don’t have an EVC and you want to generate it for e-verification Click the link, “I don’t have an EVC and I would like to generate EVC to e-Verify my return.” A screen with Select the appropriate option from the buttons given below” appears, where two options are given: EVC – Through Net Banking EVC – To Registered Email Id and Mobile Number Click EVC – To Registered Email Id and Mobile Number. A pop-up with EVC sent to your mobile and email Id will appear. Once you submit the EVC from your email or mobile, a screen with message "Return successfully e-verified, Download Acknowledgement will appear.
" Relax! Generate Rent Receipt | Generate Rent Receipt and avail HRA Benefit. Get Proof of Your Accommodation expenses As per Income Tax Act 1961, a salaried employee must submit a rent receipt as investment proof to HR/Payroll, if he/she is paying rent, as this aids them in tax saving or you can say it reduces an individual’s gross taxable income. If you live in a rented accommodation and you wish to generate Rent Receipt, then you will have to calculate House Rent Allowance and here’s how you can do it For calculating House Rent Allowance, you can use following steps: - Actual HRA received from the employer.Your actual rent paid, and you have to reduce 10% of your total salary from it.If you are staying in a metro city, then you have to pay 50% of your basic salary and for non-metro city 40% of your basic salary.
If an individual wants to claim HRA, then he/she must submit rent receipt along with the agreement proof of lease and the landlord’s PAN card details. File your tax returns for AY 2017-2018 (FY 16-17) 31st July is the deadline to file your returns Q. Q. Q. House Rent Allowance - HRA Exemption Calculator. Frequently Asked Questions Q. How is my HRA decided by my employer? The House Rent Allowance, which is supposed to be paid to the employee depends on the basic salary of the employee. Other factors, that decide the House Rent Allowance amount are as follows: The type of city in which, employee is staying.In case of a metro city, 50% of basic salary is entitled to the employee for HRA In case of a non-metro city, 40% of basic salary is entitled to the employee for HRA.Whenever we are talking about House Rent Allowance, we must take in to consideration the sum of basic salary, Dearness Allowances and other commissions.
Q. You will not require any documentary proof if your House Rent Allowance claim is up to Rs. 3000 per month. The Rent Receipts:A completely filled rent receipt with all the required details, which include residence address, landlord’s name, the rent amount, signature of the landlord which is used as a verification of the rent accepted by him/her.
Q. Q. Q. Q. How to Check Income Tax Refund Status | Income Tax Return. Q. How to re-apply for a refund if my refund status displays as “Refund Returned”? Access the income tax website and log in to your user account. There, go to “refund re-issue request” under My Account and select a mode for receiving the refund, providing your account number and address details. Q. How to change my Bank Account Number mentioned in my Income Tax Return details? Account details can be modified only if your refund request has been failed due to incorrect information. Once you submit your request the new details will be updated with the Income tax department. Q. Address need to be changed only after your refund request fails due to an incorrect address.
Q. Access tax filing website > log into user account > profile settings > update contact details > submit request Once you submit your details your details will be updated in your profile. Q. Q. There are two ways in which the refund banker may be dispatched: a. B. Q. Income Tax Calculator for current Income Tax Slabs | Income Tax Return. Online Income Tax Return E-filing solution | All India ITR. Online Income Tax Return E-filing solution | All India ITR.
Here's why Govt has extended due date for filing ITR to August 31. After the income tax department has extended the deadline to 31st August from 31st July ‘19’, the taxpayers have now adequate time to file their returns. Reportedly, the extension notice came as a relief for individuals who have been facing multiple snags while filing returns. Meanwhile, as per some tax professionals, the Tax Department has examined and understood the hassle that taxpayers were facing some issues while filing ITR due to changes in the ITR form, utility software, late issuance of form 16 reason because of the extension in Corporate TDS Return filing deadline to June 30, 19 and others.
With the extension in ITR filing, there is no pressure on tax assessee. But this time, the taxpayers should act attentively while filing returns. Likewise, all the information needs to be properly filled so that any legal consequences can be evaded. Avoiding so can land you in trouble and you can get a notice from the income tax department for many reasons. How to claim Income Tax Refund? Login | Income Tax Login and Registration. Generate Rent Receipt | Generate Rent Receipt and avail HRA Benefit. House Rent Allowance - HRA Exemption Calculator. How to Check Income Tax Refund Status | Income Tax Return. Income Tax Calculator for current Income Tax Slabs | Income Tax Return. Online Income Tax Return E-filing solution | All India ITR. Online Income Tax Return E-filing solution | All India ITR. Login | Income Tax Login and Registration. How to e-verify ITR-V | ITR-V form. Generate Rent Receipt | Generate Rent Receipt and avail HRA Benefit. House Rent Allowance - HRA Exemption Calculator.
How to Check Income Tax Refund Status | Income Tax Return. Income Tax Calculator for current Income Tax Slabs | Income Tax Return. Online Income Tax Return E-filing solution | All India ITR. CBDT extends the deadline for filing ITR till 31st Aug '19' The income tax authority has extended the due date for income tax return filing to 31st August from 31st July ’19’.
The CBDT took this decision on Tuesday to provide a big relief for taxpayers who were facing difficulties while filing the income tax return. With the extension of the deadline, there is a sufficient time for the people to file their returns on time without worrying about any late charges or penalty. Although, according to the income tax department, the extension applies to all assessees other than corporate taxpayers and a few non-corporate entities. Taking to Twitter, the Income Tax Department said the due date for filing of ITR for the assessment year 2019-20 was July 31 for certain categories of taxpayers but upon consideration of the matter, the CBDT extended the deadline. A taxpayer is liable to pay late ITR filing fees of: How to E-verify Income Tax Return using Aadhaar Card? E-verify income tax return is the most important and last step of filing ITR. Once the individuals file their income tax return they can easily apply for e-verification either by online mode or offline.
In an offline method, you get around 120 days to e-verify your income tax returns. But now, this step has been eliminated from the process of filing returns, as the Income Tax Department is allowing individuals to verify their ITR online through various methods. Also, in case anyone forgot to e-verify income tax return, the income tax department will not accept income tax return process and hence, you will not be able to claim the income tax refund status. Under online e-verify ITR, there are definite procedures to e-verify return such after efiling of income tax return taxpayer can e-Verify the return by using net banking, bank ATM, using bank account number, Demat Account number, e-verify Return using registered mobile number & mail id or through Aadhaar OTP. Hurry up! Just a few days left to File Income Tax Return for the FY 2018-19. As only nine days left for the income tax return filing and the clock is ticking for taxpayers who are still waiting to file their income tax return for the assessment year 2019-20.
Generally, if individuals would not fileincome tax return will be responsible to pay penalty for not filing ITR before the deadline. Therefore, to avoid a last-minute rush, it is necessary to pay your taxes on time or before 31st July ’19’. With the due date hovering around, the central board of Taxes has been continuously notifying the updates to make taxpayers aware and support them go through a seamless filing process without facing any last-minute glitches. Meanwhile, the income-tax authority has been saying to all taxpayers across India that delaying in ITR is something that one should always evade.
The department said, “File your income tax return on or before July 31.” Adding the department also emphasized that, “Avoid Last Minute Rush!” How to file Income Tax Return Online- Form 16 for Income Tax e-Filing - Understand Your Form 16. Login | Income Tax Login and Registration. How to e-verify ITR-V | ITR-V form. Generate Rent Receipt | Generate Rent Receipt and avail HRA Benefit. House Rent Allowance - HRA Exemption Calculator. Income Tax Calculator for current Income Tax Slabs | Income Tax Return. Online Income Tax Return E-filing solution | All India ITR. Pre-validate Bank Account to Get Income Tax Refund Amount. If any taxpayers mistakenly calculated the income tax paid in surplus or have an excess tax deducted at sources, no worries.
Now, individuals who are yet to be prepared for ITR filing can get a refund of the estimated amount by claiming a refund while filing an income tax return. Although, the income tax department will confirm and verify your returns and will process a refund. However, the refund will only be transferred electronically to your bank account which has to be linked with your PAN, this rule has been implemented and is in effect from 1 March, 2019.
Ultimately, if you want your refund to be successful, you must pre-validate your bank account on the income tax e-filing portal at the time of return filing. Here is a step-by-step guide on pre-validating your bank account for a hassle-free and secure e-refund- How to pre-validate your bank account Step 1: Go to www.incometaxindiaefiling.gov.in and log in to your account. User-ID-Logging Step 5: Click on 'Pre-validate'. CBDT Rejects Social Media Rumours on ITR Forms. The Central Board of Direct Taxes (CBDT) on Tuesday refuted reports in social media about changes being executed in ITR forms 2 and 3. The income tax department stated that only the utility software has been updated which is not going to hamper the filing of returns. Meanwhile, there were reports in social media that the taxpayers were facing difficulties in efiling of income tax return in ITR-2 and ITR3 for the financial year 2018-19 due to wide-scale amendments in the ITR form for the AY 2019-20 “No changes have been made in any of the Income-tax Return (ITR) forms including ITR-2 and ITR-3 since the notification made on April 1 2019, i.e. on the 1st day of the Assessment Year 2019-20,” CBDT said.
The income tax authority has clarified that the software utility for e-filing of all the ITR forms has been released long back on 2nd May and on 10th May 2019 respectively. This facility has been updated in the utility subsequently. Form 16 for Income Tax e-Filing - Understand Your Form 16. How to e-verify ITR-V | ITR-V form. Generate Rent Receipt | Generate Rent Receipt and avail HRA Benefit. House Rent Allowance - HRA Exemption Calculator. How to Check Income Tax Refund Status | Income Tax Return. Income Tax Calculator for current Income Tax Slabs | Income Tax Return. Online Income Tax Return E-filing solution | All India ITR. Step-by-step guide to download Pre-filled XML of ITRs 1, 2, 3 &4 for AY 2019-20. The Income Tax Department has recently stated that Pre-filled XML of ITR 1, 2, 3 and 4 for AY 2019-20 are now available at Income tax efiling website.
On the other hand, Prefilled XML of other ITRs are expected to be available shortly.With all the forms available on the income-tax website and the deadline for ITR filing less than a month away, you may be in a hurry to file your returns.However, the downloading is available for those who are eligible to file ITR forms as per their eligibility and choose to file it online on e-filing website www.incometaxindiaefiling.gov.in. Meanwhile, if you file your ITRs using Excel or Java utility, then you will have to manually fill in these details. Step by Step procedure to download pre-filled XML of Income Tax Return from efiling website is as under: Step 2: Go to My Accounts > Download Pre-filled XML Step 3: Fill the required details and click “continue” Step 4: Download Pre-filled XML The following details are prefilled in the ITR form:
Here's how to report income from investments. When you prepare for income tax return filing, form 16 is one of the most imperative documents which is issued by the employer of the company. Many of us contemplate Form 16 as the only vital document which is actually may not be enough, thus, there are other sources of income as well that you have to submit while filing ITR such as the income from capital assets, house property and interest on deposits need to be disclosed in your ITR Form.
Meanwhile, in case you missed any of the documents then there is a chance that you may receive the notice from the income tax department. Therefore,taxpayers should know which incomes are taxable. Moreover, they cannot even find a way to avoid misreport of any income. However, in this financial year 2018-19, the tax officials have already hardened the knot around tax offenders, now individuals are not permitted to avoid the legal notices from IT department.
Disclose Capital Gains- Report Gains from property- Report stocks and funds- Form 16 for Income Tax e-Filing - Understand Your Form 16. Login | Income Tax Login and Registration. How to e-verify ITR-V | ITR-V form. Generate Rent Receipt | Generate Rent Receipt and avail HRA Benefit. How to Check Income Tax Refund Status | Income Tax Return. Income Tax Calculator for current Income Tax Slabs | Income Tax Return. Online Income Tax Return E-filing solution | All India ITR. Form 16 for Income Tax e-Filing - Understand Your Form 16. Login | Income Tax Login and Registration. How to e-verify ITR-V | ITR-V form. Generate Rent Receipt | Generate Rent Receipt and avail HRA Benefit. House Rent Allowance - HRA Exemption Calculator. How to Check Income Tax Refund Status | Income Tax Return. Income Tax Calculator for current Income Tax Slabs | Income Tax Return.
Online Income Tax Return E-filing solution | All India ITR. Step-by-step guide to download Pre-filled XML of ITRs 1, 2, 3 &4 for AY 2019-20. Form 16 for Income Tax e-Filing - Understand Your Form 16. Login | Income Tax Login and Registration. How to e-verify ITR-V | ITR-V form. Generate Rent Receipt | Generate Rent Receipt and avail HRA Benefit. House Rent Allowance - HRA Exemption Calculator. How to Check Income Tax Refund Status | Income Tax Return. Income Tax Calculator for current Income Tax Slabs | Income Tax Return. Online Income Tax Return E-filing solution | All India ITR. The Most Important things taxpayers must know before filing returns.
Do you know the late date to file Income Tax Return is 31st July 2019, for the financial year 2018-19. It is essential to file your Income Tax Return as timely as possible, to avoid the last-minute hassle. Here are things you must keep in mind before you file your Income Tax Return for Financial Year 2018-19: - · Your Tax Deducted at Source and the Form26AS are the things you should take into consideration. Taxpayers must have an idea about the tax credit or the tax that has been deducted on his/her behalf in the form of TDS, that is Form 26AS.
. · You must keep in mind your Income from House Property, in case you have two house properties, then according to Provisions of Income Tax Act, 1961, you will have to keep your second property on rent. . · The first and the foremost thing you need to do is to collect your Form 16 from your Employer as it is the withholding certificate and it contains the details of taxpayer’s income and tax deducted at source. ITR-1 Sahaj Form – Complete Guide for Filing Sahaj Form. Login | Income Tax Login and Registration. How to e-verify ITR-V | ITR-V form. Generate Rent Receipt | Generate Rent Receipt and avail HRA Benefit. House Rent Allowance - HRA Exemption Calculator. How to Check Income Tax Refund Status | Income Tax Return. Income Tax Calculator for current Income Tax Slabs | Income Tax Return. Online Income Tax Return E-filing solution | All India ITR.
Online Income Tax Return E-filing solution | All India ITR. Union Budget 2019 for New India like never before. Verify pre-filled details carefully before filing ITR for the FY 2018-19. ITR-1 Sahaj Form – Complete Guide for Filing Sahaj Form. Login | Income Tax Login and Registration. How to e-verify ITR-V | ITR-V form. Generate Rent Receipt | Generate Rent Receipt and avail HRA Benefit. House Rent Allowance - HRA Exemption Calculator. How to Check Income Tax Refund Status | Income Tax Return. Income Tax Calculator for current Income Tax Slabs | Income Tax Return. Online Income Tax Return E-filing solution | All India ITR. Online Income Tax Return E-filing solution | All India ITR.
ITR-1 Sahaj Form – Complete Guide for Filing Sahaj Form. Login | Income Tax Login and Registration. How to e-verify ITR-V | ITR-V form. Generate Rent Receipt | Generate Rent Receipt and avail HRA Benefit. House Rent Allowance - HRA Exemption Calculator. How to Check Income Tax Refund Status | Income Tax Return. Income Tax Calculator for current Income Tax Slabs | Income Tax Return. Online Income Tax Return E-filing solution | All India ITR. Online Income Tax Return E-filing solution | All India ITR. What is the procedure for filing ITR online?