Income Tax Return 2024: How to file Income Tax Return? Know the easiest way, ITR will be filed in just 5 minutes.

The last date for filing an Income Tax Return (ITR) for FY 2023-24 and Assessment Year 2024-25 is 31 July 2023. The IT department has released online forms for this. If you are also planning to fill out ITR, then here we are giving you step-by-step information. By following these you will easily file your ITR within five minutes.

Documents required to file ITR online

PAN and Aadhar Card

bank statement

Form 16

Donation receipts (if any)

Investment, insurance policy payment receipts, home loan installment payment receipts

interest certificate

How is the income tax return filed?

To file ITR online, first, you have to open the official website of Income Tax. Here we are giving you step-by-step information.

Step 1: Open the Income Tax e-filing website and log in by entering your PAN number and password.

Step 2: Now you have to click on ‘Fine Income Tax Return’.

Step 3: In the next step you have to select the assessment year. If you are filing ITR for FY 2023-24 then you have to select AY 2024-25.

Step 4: In the next step you have to specify the filing status, in which you will get Individual, HUF, and other options. If you are filing your ITR then you have to click on ‘Individual’.

Step 5: Now you have to select the type of ITR. There are 7 types of ITR forms in India. Of these, ITR 1 to 4 forms are for Individuals and HUF.

Step 6: In the next step you will have to give the reason for filing ITR. Here you get options – taxable income more than basic exemption, fulfillment of specific criteria mandatory filing of ITR, and other options. You have to select one of these.

Step 7: Validating pre-filed information

Many details like PAN, Aadhaar, name, date of birth, contact information, and bank details are already saved. You have to validate this information.

Along with this, you have to fill in the details of your income, exemption, and deduction step by step. Many of these data are already filled, you have to review it and fill in the correct information. After this, you have to confirm the summary of the return. While validating the details, if any tax is payable, it will have to be paid.

Step 8: E-Verify ITR

This is the last step. However, you get thirty days for this. For e-verification, you can send Aadhaar OTP, electronic verification code, net banking, or ITR-V to the Bengaluru office.