To File Your Income Tax Returns Online

From assessment year 2014-15, E-filing has been created mandatory for the one that is a personal or a Hindu undivided family , if his or its total financial gain, or the overall financial gain in respect of that he's or it's assessable underneath the act throughout the previous year, exceeds Rs. five 100000 rupees for the assessment year 2014-15 forwards. It clearly states total income and not income tax return online.

Please scan below to understand however you will file financial gain tax come on-line yourself.

You will calculate your financial gain tax collectable victimization the financial gain tax calculator provided at this page: financial gain tax calculator. revenue enhancement come surpass utility additionally computes revenue enhancement, however they solely take dutiable financial gain as input.

Also make certain that you just additionally see whether or not the advance tax has been paid on time. just in case you've got paid the complete tax however not paid on time as per the advance tax schedule, you're vulnerable to pay interest underneath section 234 C. revenue enhancement come surpass utility additionally computes interest penalty u/s 234C.

Whatever unfinished quantity you wish to pay may be paid on-line on this link: Pay Taxes on-line .

Select Callahan sort as CHALLAN NO. /TINS 280 and continue.

Select (0021) income tax return online in tax applicable field and

Select (300) SELF ASSESSMENT TAX in style of payment.

Select bank through that you would like to pay.

Make sure to feature interest penalty as computed by revenue enhancement come surpass kind u/s 234A, 234B and 234C just in case of tax payments after date.You also pay through pan card apply online your web banking login on Oriental Bank of Commerce, bank of Patiala, Bank of Baroda, IDBI Bank, bank of Mysore, Bank of Maharashtra, State Bank of Hyderabad, bank of Saurashtra, Union Bank of Asian nation, Allahabad Bank, Dena Bank, Syndicate Bank, ICICI Bank, State Bank of Asian nation, geographic area full service bank, Indian Overseas Bank, Canara Bank, Indian Bank, Bank of India, Corporation Bank, bank of Bikaner & Jaipur, State Bank of Travancore, bank of Indore, Vijaya Bank and HDFC Bank.

You will check on-line if your cash has really reached the IT Department. For this you have to go to Tax Information Network Website and click the box CIN Based View. give details as per the receipt generated whereas on-line tax payment.

Exempt financial gain here includes transport/conveyance allowance, HRA exemption, agricultural financial gain, insurance maturity quantity, LTA, Gratuity, Interest on PPF balance, Leave Encashment, financial gain from Mutual Funds, Dividends and long term capital gains.

Fill up the shape with info provided in Form-16 and also the tax calculated in revenue enhancement calculator higher than in Step one.If you don’t understand Assessing Officer (Ward / Circle), notice it here by submitting your pan card apply online.

After filling up the kind, Generate official document XML from the revenue enhancement kind by clicking Generate button on 1st sheet of excels kind.

Please visit site - http://taxxcel.com/taxxcel/