How to do Income Tax Return Filing for Salaried Persons by Own

Today I'am going to share with you all, how to file your Income Tax Return if you are salaried person. As we all are well aware that the last date for Income Tax Return filling for the financial year 2018-2019 is 31 August 2019. Many of us are still in hassle for filing there income tax return for F.Y. 2018-2019. I'am going to share simple and easy way to file your income tax return by your own-self without hiring a Chartered Accountant or Income Tax Consultant. But before starting this, you should have a clear idea about the different sources of Income you are earning.

As the title says very clearly, its "for salaried person". But if in addition to your salary you have, income from one house property & income from other sources and Agricultural Income upto Rs.5 thousand; and your total income is  upto Rs. 50 Lakhs then this blog is still useful for you. 

There are many website which provide you facility for filing income tax return for free like www.cleartax.in etc. but I personally use, prefer and recommend our government website for the same. So we will be talking about Income Return filling from our government website https://www.incometaxindiaefiling.gov.in/home.

I will be dividing the discussion in three segment :-
1) Salaried Employees having Form 16 (TDS Deducted by Employer)
2) Salaried Employees not having Form 16 (TDS Deducted by Employer)
3) Salaried Employees with Income under Exemption limit (Rs. 2,50,000 having age less than 60 years, Rs. 3,00,000 for age 60-79 years, Rs. 5,00,000 for age 80 years or more, on the last day of the relevant previous year, etc.)

Segment 1 - Having Form 16

You are in the most comfortable segment. As the details which you had provided to your employer regarding income and deduction must have been considered duly. And automatically filled (auto generated) in the Form while online filing. On the other hand if you missed any details of income and deduction then you can show the same in your return and claim TDS refund. You can use Form 16 for filing the details of your income in respective places. As Form 16 is in a standard format which shows all details like Gross Salary, HRA (House rent allowance) Deduction, Professional Tax deducted, Other perquisites provided, deductions under Sec. 80C-80D etc. To increase your ease ask for "Form 16" from Employer. For filling the return keep reading.

Segment 2- Not having Form 16

If you are not having "Form 16" then also. "do not worry". Just go with your income details and idea about investments and deductions. Remember key details to file the return i.e. gross salary, HRA (House rent allowance), Travelling allowance and other allowances & perquisites provided by employer and there deductions & exemptions. Remember about standard deduction provided from salary under Section 16(ia) of Rs. 50,000 (F.Y. 2022-23, now limit amended) to be claimed. Fill in your deductions under Sec. 80C-80D etc. Now most important get your TDS details from 26 AS available in account registered with website https://www.incometaxindiaefiling.gov.in/home.

Segment 3- Income under Exemption limit

Under this, the persons having total income under exemption limit after all deduction and rebate will come. The have to fill there gross salary, HRA (House rent allowance), Travelling allowance and other allowances & perquisites provided by employer and there deductions & exemptions. Remember about standard deduction provided from salary under Section 16(ia) of Rs. 50,000 (F.Y. 2022-23, now limit amended) to be claimed. Fill in your deductions under Sec. 80C-80D etc.

Filing of Income Tax Return will be in ITR 1 for all the above segments. I will be telling you the most easiest and simplest process. All the process which is completely working online over screen. You have to fill ITR form online, Submit it and E-Verify. And your Income Tax Return is uploaded. There are three methods for E-verification of Income Tax Return, but the one I'am telling is the simplest and quiet. For E-verifying the return we should generate OTP (ONE TIME PASSWORD) from the mobile no linked with aadhar. The process is explained below : 

Now sit back and relax for an year.

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Disclaimer :

The above blog is purely for educational and  guidance purpose. It's just the reflection of the author's personal experience and judgment. The author has just provided the general information & understanding and its not at all an alternative of any legal advice or practitioner. It has no connection with the websites mentioned in its contents. The content stated in the blog should be used by the reader at his own discretion and sole responsibility. The content of the blog can be only used for any other document, write-up, article, blog and any written or printed material whether on paper or digitally in any form, with the prior permission of the author.