E-Filing Your tax Returns in India [ 2014 ]

E-Filing Your tax Returns [ for Employed Individuals ]

* Only If if you have Login Credentials [ or a you are a new user ]
* If you had a login ID, but now forgot your password, then follow other links to retrieve.

https://incometaxindiaefiling.gov.in/
- Go to Downloads in the top Floating bar [ Home, I Am,  Services,  Downloads,  News & Updates ]
- Download ITR1_2014.zip  -> Extract -> 2014_ITR1_PR1.xls  [ There is a Java version, not Explained  here ]
- Open Excel, Enable macros (Tools->macros->Security low), save it, open again

- Tab1 -Income Details  [ Green Boxes need to be filled, before Auto-Fill ]
- Fill Personal Details , PAN , Employer category "OTH" for most, unless you are Gov Employed.
- Retrurn File Under : Set as 11 [ on or before date ], and Return Type as Original
- Income under the head "Salaries" of the employee - as in Form 16, to go in Row 41 in ITR 1 (2014) [ Income from Salary/Pension ]
- Interest to HomeLoan which is Under Section 24 to go as NEGATIVE amount in row 42 [ Income against House Property ]
- NOTE: Section 24 deductions are not mentioned explicitley in ITR1 or ITR2 until 2014, If you have two HOME- You need ITR2
- Put Your Deductions under 80c and any other you already declared with your employer before Feb, and reflecting in Form 16 of the Employer.
- 80c and 80d should be mandatory deductions [ PF and Education cess respectively ] deducted by employer by default.
- Home Loan Prinipal paid back will be in 80c [ within the 1lac limit as of Jun2014] , while Interest on Home is under section 24 [ see above ]
- Press validate button on the macro Enabled Excel sheet, proceed if "OK"
- Press Calculate and see if Interest "Payable" now is same as Interest Payable in Form 16 [ Not same as Interest Paid ]
- If it does not match see the tally again, specially the income row.
- if it matches move to tab2

- Tab2 - TDS
- Fill Employer Details , Declaration , Place and date [ marked Green boxes ]
- TAN Number will be there in the Employer TDS, ( not allowed more than 3 employer in 1 year ]

- Tab 3- taxes Paid and Verification
- Fill Declaration , Place and date [ marked Green boxes ]
- Till 2013 , refund was either from cheque or online direct Debit. From 2014 Direct Debit is the Only option
- If you have refund > 0 then Bank details ( A/C No / IFSCODE / MICR ) are mandatory. you can see in your latest Statement of yours.
- Its advisable to anyways fill bank details, as it becomes easier to file tax next year [ mostly copy paste needed then ]
- Put the date as the date when you are going to Upload the xml [ you may need to revise next day if you wish ]
- Press validate button on the macro Enabled Excel sheet, proceed if "OK"
- Press Calculate and see if you get any returns and same matches your Form16

- Tab 4
- If you have Donations made liable o Tax reliefe [ Example "Prime Minister's National Relief Fund" etc ] then go to tab 4
- This will not be reflected in your Employer Form 16.
- Details of Transaction TAN No etc will be sent by the Donee

- Go back to tab1. Press "Generate". an xml will be Generated.
- Log in https://incometaxindiaefiling.gov.in  . Upload. get Convermation in zip. Print it
- Send the Print by ordinary mail [ Rs 5 stamp ] to below adress within 15 days of upload.

Income Tax Department - CPC,
Post Bag No - 1,
Electronic City Post Office,
Bangalore - 560100,
Karnataka

- There is another Option for Fully online Submission, you need Digital Signature.
- Digital Signature is usually not available with Individuals, Its a costly service and advisable only if you need it for other purpose.
- Digital Signature may cost you 800 per year or more.