Wednesday , 29 March 2017
Home » Featured » How to quick e-file ITR 1 & ITR 4S online – Step by step guide

How to quick e-file ITR 1 & ITR 4S online – Step by step guide

4,090 views

quick-efile-itr

You can file ITR 1 & ITR 4S online (without using the excel ITR file). In this post, I am providing step-by-step guide to file these returns on Income tax efiling website.

Filing returns on Income tax wesbite is completely free and easy.

Must Read –  Step by Step Guide to file Income tax returns online

Things to note:

Step by Step Guide

1) Go to Income Tax efiling website –  https://incometaxindiaefiling.gov.in/

2) On right hand column, you can see the Button “Quick e-file ITR 1 & ITR 4S online

itr-1-4s-online

3) You will then get the Login Form – please enter your login details  (enter PAN number in small letters)

itr-login

4) Once you are logged in, you will see the ITR form with various tabs  (in this case, I have taken example of ITR 1)

itr1-1

5) Click on “Personal Information” tab and enter the following

  • Personal details
  • filing status

itr-filing-status

6) then Click on tab “Income Details” and enter your Income from Salaries, House property, Other Income etc

Also enter the amount of 80C dedcuction claimed.

  • Salary income as per Form 16 to be entered in B1
  • Other income like Interest to be entered in B3.

itr-income-details

7) Click in “Tax Details” tab. In this tab you need to show the TDS deducted as well as Self assessment tax paid.

Normally, The TDs deducted by Banks are automatically shown here. If not, you need to enter the details from Form 16/16A etc. Or you can get the TDS detaisl from Form 26AS.

itr-tax-details

Note that any self assessment tax paid, need to be shown under SCH-IT section above.

8) Click on “Taxes paid and Validation” Tab. In this section you will see the balance of tax to be paid / refund

If there is an amount in D17, which mean that you need to pay more tax. In that case, DONOT submit the return now.

  • First pay that amount unsing the Self assessment challan –
  • Then enter the self assessment tax in Tab – Tax Details (See screenshot in point 7 above)
  • then D17 should show 0.

itr-bank-details

Enter Bank details in D20, (whether there is refund due or not) – This is new requirement in the form.

You need to proivide details of all your bank accounts.

9) Once you enter all these details, click on “Submit” to file the return.

10) You can now either e-verify the return (in that case, no need to send physical copy)- Read my other post on how to e-verify the ITR

Or you can send physical signed ITR V acknowledgement to CPC Bangalore.

——-

Important Links – Must Read

How to File Income Tax return (ITR) online – Step by Step Guide for eFiling

How to quick e-file ITR1 & ITR 4S online for FREE – Step by Step Guide

How to other ITR forms online (using excel upload) for FREE – Step by Step Guide

Income tax slab rates for FY 2014-2015 (AY 2015-2016)

[How to] get Electronic Verification Code (EVC) to e-Verify Income tax return for AY 2015-2016

[How to] View your Form 26AS online – Check Tax Credit Statement

Which ITR form to use for filing IT returns

How to pay balance Income Tax online

If you have any queries related to this article or any other personal finance query ( Investment, Taxation etc), please comment below

http://wealth18.com/

About wealth18

The author is a Chartered Accountant and loves to write about Personal Finance, Wealth Management, Taxation etc. Disclaimer - The articles on this website is for informational and knowledge purposes and should not be treated as financial advice, Please consult your financial advisor before taking any investment decision.

9 comments

  1. I have a query regarding Income Tax filing.
    Bank TDS has been deducted from my account, but I have not yet received the maturity amount. The FD is still due for next financial year to mature and interest will be paid in next Financial year.

    So my question is as TDS has been deducted in financial year (2015-2016) and there is no other income for the Financial year 2015-2016(FD interest paid), so how do we file the ITR in this case as income from other source interest paid is 0 for financial year 2015-2016

    1. Shall we remove the TDS paid from TDS from other income (Form 16A).
    2. Claim TDS paid, with value in other income as 0

    Thanks

Leave a Reply

Your email address will not be published. Required fields are marked *

*

6000 + Subscribers – Subscribe to our New Posts

Copy Protected by Chetan's WP-Copyprotect.