File Your Income Tax Return Online for 2023-24: Quick and Easy Steps

As the deadline for filing Income Tax Returns (ITR) for the financial year 2023-24 and assessment year 2024-25 approaches, it’s time for employed individuals to gather their documents and complete the process seamlessly.

The Income Tax Department has streamlined the online filing procedure, ensuring a hassle-free experience for taxpayers. Here’s a step-by-step guide to filing your ITR online within minutes.

Step-by-Step Guide to Online ITR Filing

1. Visit the Official Income Tax Website: Access the Income Tax e-filing portal at https://www.incometax.gov.in/iec/foportal/ and log in using your PAN number and password.
2. Select “File Income Tax Return”: Once logged in, click on the “File Income Tax Return” option.
3. Choose Assessment Year: Select the assessment year (AY) 2024-25 for filing ITR for the financial year 2023-24.
4. Specify Your Status: Indicate whether you are an Individual, HUF, or other entity.
5. Select ITR Form: Choose the appropriate ITR form based on your status and income sources. Forms 1 to 4 are applicable for Individual and HUF taxpayers.
6. Select Type and Reason for ITR: Specify the type and reason for filing ITR, ensuring compliance with relevant criteria.
7. Update Pre-filled Information: Validate and update pre-filled details including PAN, Aadhaar, personal information, contact details, bank information, and income details. Confirm to file your return after updating the necessary information.
8. Pay Outstanding Tax (if any): If there is any tax liability remaining after updating the details, make the payment accordingly.

Required Documents for Online ITR Filing

Ensure you have the following documents ready for a smooth filing process:

PAN and Aadhaar Card

Bank statements

Form 16

Donation receipts

Investment and insurance payment receipts

Home loan payment certificate or receipt

Interest certificates

With these documents in hand and the step-by-step guide, you can complete your Income Tax Return filing online swiftly and accurately. Don’t forget to file before the July 31, 2024 deadline to avoid penalties.