You can file your income tax return in India through the following steps:
1. Gather all the necessary documents: Before filing your income tax return, you need to collect all the relevant documents such as your PAN card, Form 16, salary slips, bank statements, investment proofs, and other financial documents.
2. Choose the appropriate ITR form: The next step is to select the right ITR form based on your income sources, residential status, and other criteria. There are different ITR forms for different types of taxpayers.
3. Calculate your total income and tax liability: Once you have gathered all the documents and selected the right ITR form, you need to calculate your total income for the financial year and your tax liability. You can do this by referring to your salary slips, Form 16, and other financial documents.
4. File your income tax return: After calculating your income and tax liability, you can file your income tax return online on the income tax department’s e-filing portal. You will need to register on the portal and upload your ITR form along with any supporting documents.
5. Verify your income tax return: Once you have filed your income tax return, you need to verify it within 120 days. You can do this online through Aadhaar OTP, net banking, or by sending a signed physical copy of ITR-V to the income tax department’s CPC office.
It is recommended to seek the help of a tax professional or a chartered accountant to file your income tax return accurately and efficiently.
