How to Generate Electronic Verification Code (EVC) to E-Verify Income Tax Return through Bank Account

Income Tax Return verification is a must to submit your Income Tax Return. This is a huge headache for many people. Today I’am going to share one of the simplest method to EVerifying Income Tax Return. We are going to generate “Electronic Verification Code” abbreviated as “EVC”. This Electronic Verification Code (EVC) will be generated by linking Bank Account. For generating this Electronic Verification Code (EVC) a mobile no and E-mail id should be registered with your bank in respect of the bank account.

E-Verification of Income Tax Return will not be a headache any more. With this method we are going to very easily E-verify income tax return. The Bank Account linked mobile number and Email id registered with the respective is really important because this will be used to receive the Electronic Verification Code (EVC). For this process we required to have :

1. 👉 Income Tax login Id & password

2. 👉 Bank account details : Bank account no., IFSC (Indian Financial System Code)

3. 👉 Bank Registered (with the Bank account) : Mobile number & Email id

This mobile number and Email id is really important because this will be used to receive the Electronic Verification Code (EVC). Now the step by step process is discussed below.

If you wish to see the whole process visually over video on real time basis. Then go to the YouTube link : https://youtu.be/nLOeRLtxfXc

Step 1 : Search www.incometax.gov.in

Go to your internet browser and search www.incometax.gov.in

 Step 2 : Click over Login

Look on the homepage, at the upper left corner of the screen. Click over “Login here”.

Step 3 : Login your User ID

Now you will see the Login Screen. It will ask your “User Id” and Password. Remember guy, “User Id” will be your PAN (Permanent Account no) itself. Fill in your User Id and Password over the space provided. Fill in the Captcha Code as appearing and then click over “login”.

Step 4 : Generate EVC

Your Dashboard will appear as you will login. From the Menu Bar, Click over “My Account” (Second option from the Right) and go to the drop down menu. From the dropdown menu select “Generate EVC”.

It will show three option to Generate EVC

1. Option 1 : Generate EVC through NetBanking

2. Option 2 : Generate EVC through Bank Account Number

3. Option 3 : Generate EVC through Demat Account Number

From the above three option, select Option 2 : Generate EVC through Bank Account Number.

Step 5 : Prevalidate your bank account

Over the "Prevalidate your bank account" dialogue box, click over “Prevalidate your bank account” button.

Now you will be asked for evaluating your bank account details. Fill in your bank account details like a bank account number, account type, IFSC (Indian Financial System code). After filling the IFSC (Indian Financial System code), bank name and branch name +will be auto populated. Fill-in the registered mobile number & email id provided in your bank account to the respective Bank. This is very important as the registered mobile number & email id should match with the one provided by you otherwise this procedure will not proceed. Now click over “Prevalidate”.

Step 6 : Prevalidation Done : Transaction Id will be Generated.

After Prevalidation you will receive a Transaction ID under message saying “Your request for Bank account-PAN linking is submitted successfully and Transaction ID is : ……………Status of your request will be sent to your registered e-mail id.

Step 7 : Enable EVC

Once again go to the Menu Bar, Click over “My Account” (Second option from the Right) and from the drop down menu, select “Generate EVC”.

It will show three option to Generate EVC

1. Option 1 : Generate EVC through NetBanking

2. Option 2 : Generate EVC through Bank Account Number

3. Option 3 : Generate EVC through Demat Account Number

From the above three option, select Option 2 : Generate EVC through Bank Account Number.

Prevalidated Bank Details will appear. It will be your Bank details as filled in Step 5, such as bank account number, account type, IFSC code, mobile number, email id and status will be shown as validated. select the check box and click over “Enable EVC”.

 Step 8 : Generate EVC

Over the next screen you will see the message, “selected bank account is enabled to generate EVC”

Now again follow the same procedure, go to “My Account” (Second option from the Right) and from the drop down menu, select “Generate EVC”.

Prevalidate Bank Detail Dialogue box will appear which will ask for generating EVC over the verified mobile number and email id. Select “Yes”. Next Screen will show text, “EVC Generated successfully”. EVC will be send to the Verified Mobile no. and Email ID.

EVC generated can used for next 72 hours to verify income tax return.

This is one of the simplest method to E-Verify your income tax return with the help of your bank account. Tried the best to simplify the whole process & to make it easy for you all to understand. If you liked the blog please share it with the friends to help them as well. Like, subscribe and share your valuable comments. If you have any advice and query, feel free to comment.

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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.

How to Get Form 16 Yourself in 3 Mins

Today, I’am going to write a very useful blog for you all. I've often encountered situation, where people come to me saying that their employer has not provided them Form 16 or the Employer is not able to provide Form 16 on time etc. This issue is putting them in trouble to file their income tax return or to meet their other obligations. In order to solve this problem I have come out with this blog that how you can get Provisional Form 16 by yourself without going to your employer. But one most important point to this is that firstly, the employer must have paid your tax deducted to the government and secondly must have filed the return for the same. Conclusively if the employer has fulfilled his obligations then the provisional Form 16 will show the exact same details as the original Form 16. With this method you can download your form 16 on provisional basis which will be concise. I have personally done this for many of my clients and it does work. 

What is Form 16 ? 

Form 16 is the TDS Certificate for Salaried Person with complete salary and other details bifurcation. It is provide by Employer. 

Without wasting any more time let’s start learning and download your Provisional Form 16 in just 2-3 minutes.

Prerequisite :

·        Income Tax Login & Password

·        TAN of Deductor

If you want to see the visual process of the above, please click to the Youtube Link : https://youtu.be/-JGp0aiKS6U

Step 1 : Search for www.incometaxindiaefiling.gov.in over your internet browser.

Step 2 : Click on the website link and go to its home page.

Step 3 : Login to your Income Tax Id :-

1.   You will first find an information Screen. Close the Screen. And Click over the “Login here” Button showing at the upper left side of the screen.

2.  Login window will appear.

3.   Fill in your User Id and Password. Your PAN number will be your User Id.

4.   Fill in the captcha code and click on “login”

Step 4 : View “26 AS” :-

1.   Go to the menu bar of your Income Tax Id Home Page.

2.   Click on “My Account”

3.   Select “View Form 26 AS”.

4.   In the Confirmation Window, Click on “Confirm” button.

Step 5 : Navigate to “Traces” website :-

1. Now you will be navigated to an external website “Traces” i.e. www.tdscpc.gov.in

2.   From the dialogue box appearing on the homepage of “Traces” website. Tick the checkbox and click proceed.

Step 6 : View Provisional Form 16 :-

1.   From the menu bar Click “view / verify tax credit”.

2. From the drop-down menu select “Provisional TDS Certificate form 16/16A/27D”

3.  In the new screen appearing, Fill in the TAN of the deductor and select the financial year and assessment year will be automatically filled.

4.   From the Provisional certificate type option, select “Form 16”

5.   Click on “View”

6.   Provisional Form 16 will be displayed on the Screen.

Step 7 : Save Provisional Form 16 :-

1.   Right Click on the Provisional Form 16 appearing over the screen.

2.   Click “Save As” from the drop down option.

3.   Save As Dialogue Box Appears.

4.   Enter the name of the file (if want to change the default name).

5.   Default format is HTML.

6.   Click on “Save”.

Step 8 : Open Provisional Form 16

The Provisional Form 16 is saved in HTML format so you can open  it in any internet browser without the internet connection.  So open it in any Internet Browser.

 

This is the simplest way to get your Form 16 in just three minutes without troubling yourself too much.

Thank you for giving your valuable time. I tried my best to give the simplest way to do your work. Hope you all like it. Please leave your comments and opinions in the comment box below.

  

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Have a great day ahead….

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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.

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.

Please leave your valuable comments. And if you want me to write on a particular topic, do let me know.

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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.