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Income Tax E-Filing with ClearTax

  • The easiest option for first-time e-filers.
  • The ClearTax platform automatically detects the ITR you need to file on the basis of your income sources.
  • Upload your Form 16, and ClearTax auto-prepares your income tax return.
  • ClearTax is an e-intermediary. You can file your return directly from ClearTax without logging into the income tax website.
  • Useful tips to help you with filling up the information.

E-file Income Tax

What is E Filing?

Efiling or electronic filing is submitting your income tax returns online. There are two ways to file your income tax returns. The traditional way is the offline way, where you go the Income Tax Department’s office to physically file your returns. The other way is when you e-file through the internet. Over the past few years, e filing has become popular because it is easier, doesn’t require prints of documents, and can be done for free!

Am I Required to File Income Tax Returns?

It is mandatory to file income tax returns in India if any of the below conditions are applicable to you (as per the Income Tax Act):

  • Earn gross annual income more than-
ParticularsAmount
For individuals below 60 yearsRs 2.5 Lakhs
For individuals between 60 to 80 yearsRs 3.0 Lakhs
For individuals above 80 yearsRs 5.0 Lakhs
  • Earn income other than salary like house property, etc.
  • Want to claim income tax refund from the department
  • Earn from or have invested in foreign assets
  • Wish to apply for visa or loan applications
  • Company or a firm, irrespective of profit or loss

Difference Between AY and FY

Financial Year is the period between 1st April to 31st March. Assessment Year is the next year in which the income is liable to tax.

For example, if your financial year is from 1 April, 2015 to 31 March 2016, then it is known as FY 2015-16. The assessment year for income earned during this period would begin after the financial year ends–that is on 1 April 2016 until 31 March 2017.

What is Financial year?

How Much Tax Should I Pay?

Want to check how much income tax you’ll pay or see how deductions affect the income tax you owe? Use the income tax calculator to calculate your tax liability for the last 3 financial years.

Check Your Payable Income Tax

Has E Filing Tax Returns for 2017 Started?

E filing income tax returns for the assessment year 2017-18, which is the financial year 2016-17 has started. The Income Tax Department will release the new ITR forms after 31st March and efiling for them will be allowed on their website as well as on ClearTax website. We will incorporate all the changes in the new ITR forms to make it easy for you to e-file your returns.

What is the Deadline for E-Filing Tax Returns?

The last date for efiling income tax returns for FY 2016-17 is 5th August 2017. You can e-file your tax returns any time before then, but it is always better to e-file early to avoid the rush and heavy website traffic in the last month.

Start E-Filing your Income Tax Returns

 Income-tax

 

Should I E-File Returns if I Earned Less Than Taxable Income?

Yes, it is advisable to e-file your income tax returns even if you don’t pay taxes. A zero-return filing will be helpful when you need to get your tax refund or apply for a loan or visa.

 How Can I Go About E-Filing Multiple Tax Returns?

You don’t need to open different accounts on ClearTax to e-file multiple tax returns. You can e-file for returns for the current, as well as the previous year from the same account. What’s more? You can even e-file tax returns for your friends and family from your own ClearTax account. Here’s how.

I have a Form 16, How do I E-File My Income Tax Return?

  1. Upload your Form 16
  2. ClearTax automatically prepares your ITR
  3. Verify your tax summary
  4. E-file your tax return to receive acknowledgement number
  5. E-verify your tax return through net-banking

I Don’t Have a Form 16

  1. Enter your income details
  2. Declare investments made under Section 80C
  3. Cleartax auto-detects the relevant ITR Form for you
  4. Verify your tax summary
  5. E-file your tax return to receive acknowledgement number
  6. E-Verify your tax return through net-banking

I Want to Check the Status of My ITR-V

After successfully submitting your income tax return, you get an acknowledgement from the IT department called the ITR-V or Income Tax Return-Verification. You receive a mail on your registered e-mail ID from the Income Tax Department containing the ITR-V.

Check Your ITR-V Status

How to Recover Your Income Tax E filing Password

So you’ve lost access to your Income Tax Department account because you don’t have the password, and you’re afraid you won’t be able to e-File or access it again?

Don’t worry because ClearTax can help you out.

You can reset your Income Tax Department password by sending an email to validate@incometaxindia.gov.in with the following details:

1. PAN
2. PAN holder’s name
3. Date of birth
4. Father’s name
5. Registered PAN address

From 1st July onwards, it is mandatory to link your PAN with Aadhaar and mention it in your IT returns. If you have applied for Aadhaar, you can mention the enrollment number in your returns.

Click here to read our guide on ‘How to apply for Aadhaar Card’

Click here to read our guide on ‘How to link Aadhaar Card with PAN’

FAQs

  • If I fail to furnish my return within the due date, will I be fined or penalized?

Fee for default in furnishing return of income will be as follows:

  1. Rs. 5000 if return is furnished on or before the 31st day of December of the assessment year i.e. for FY 2016-17, assessment year will be 2017-18 and so the relevant date will be 31st dec, 2017.
  2. Rs. 10,000 in any other case.
    However, late filing fee shall not exceed Rs. 1000 if the total income of an assessee does not exceed Rs. 5 lakh.
  • Do I need to report exempt LTCG in ITR-1?

Yes. In ITR1, under Part D – computation of tax payable, there is a column for exempt income. In this column, you have to report your exempt LTCG.If the LTCG is from sale of equity shares, you can mention it in the column given for “Sec10(38)”.For any other LTCG,mention it under the head “others” given under exempt income. To know more, you can read our article on ITR1.

  • How to report Cash deposits during demonetization period in ITR1? How to report bank accounts in ITR-1?

You have to mention the detail of all the savings and current accounts held by you at any time during the financial year for which you are filing the return. So if you are filing the return for FY 2016-17, then mention the detail of all the saving and current accounts held at any time during FY 2016-17.Please indicate the bank account in which you would like to get the refund credited irrespective of whether you have refund or not. The account number should be as per the core banking solution (CBS) of the bank.

Also the amount of cash deposited during 09.11.2016 to 30.12.2016 in the said bank accounts should also be filled. In case the cash is deposited during 09.11.2016 to 30.12.2016 in any account other than the saving and current account (viz. loan accounts etc),then the details of such accounts indicating the cash deposited in the said account during the said period should also be provided. For instance if you have deposited the cash in your friend or relative bank account as a loan to him, the details regarding such bank account number ,name of the person in whose bank account cash is deposited should also be reported
It may be noted that details of cash deposited are to be provided only if the aggregate amount of cash deposited during 09.11.2016 to 30.12.2016 is Rs 2 lakhs or more.

  • Which ITR form to file in case of presumptive income?

ITR 4 is applicable for the taxpayers following presumptive income scheme.

  1. A doctor or engineer can opt for presumptive income scheme u/s 44ADA if his gross receipts don’t exceed Rs 50 lakhs and can declare 50% of gross receipts as his income.
  2. Persons engaged in the accountancy profession, Interior decoration, Technical consultancy can also for this scheme.
  3. Freelancers engaged in the above profession can also opt for this scheme if their gross receipts don’t exceed Rs 50 lakhs.
  4. Businessman having turnover less than Rs 2 crore may opt for the scheme u/s 44AD and declare the profits at 8% of gross receipts(6% in case of digital receipts) .To know more ,click here.
  • Can a company of professionals say lawyers can file ITR 4 for presumptive income.

No. only Individuals, proprietors, HUF, partnerships can. Companies, AOP, BOI, limited liability partnerships cannot file ITR 4.For more details click Which ITR to file.

  • Do I need to report exempt dividend income from shares/mutual funds in ITR Form 1?

Yes. In ITR1, under Part D – computation of tax payable, there is a column for exempt income. In this column, you have to report your exempt Dividend income. If the dividend is received from Indian company, it should be reported under section 10(34) and if the dividend is received from mutual funds, it can be reported under the head “others” given under exempt income.

  • How to mention Aadhaar enrollment number in ITR forms?

ITR forms released for FY 2016-17 (AY 2017-18) have a 28 digit column for quoting Aadhaar enrolment number. You can either mention 14 digit Aadhaar number or 28 digit Aadhaar enrolment number, if you do not have Aadhaar number. To enter your 28 digit enrolment id, first write the 14 digit enrolment id and then you also need to write the date. For instance if Aadhaar enrolment id is 1234/10480/02615 and Date is 06/05/2013 17: 50:10 then you should quote following as Aadhaar enrolment id.

aadhaar number
To know more, click here.

  • I have income from salary more than Rs 50 lakhs.Which form I need to file?.Also is there any requirement to disclose detail of assets held by the taxpayer in the ITR?

In case of income from salary more than Rs 50 lakhs,ITR 2 will be applicable.ITR 1 is applicable only if income is less than Rs 50 lakhs.
Yes there is a requirement to disclose the detail of assets held by the taxpayer in the ITR if the income of the taxpayer is more than Rs 50 lakhs. All the assets held by the taxpayer and corresponding liabilities is required to be disclosed in Schedule AL of the ITR form.

  • Who can file the return in paper form (offline)?

Only following persons can file their ITR offline:

  1. Individual who are of the age 80 years or more at any time during the financial year?
  2. Individual whose income is less than Rs 5 lakhs per year and who do not have to claim refund in the return.
  • There are various deductions that are not reflected in the Form 16 issued by the employer. Can I claim them in my return?

Yes. Various deductions under Sec 80 such as ELSS,PPF,Life and health insurance,NSC,Children tuition fees,5 year fixed deposit, donation for charity, repayment of home loan can be claimed in ITR even if not mentioned in Form 16.You can also claim HRA (if you are paying the rent and it is a part of your salary structure) in ITR.It may happen that you miss to give the proof of rent receipts to your employer and so he did not give you the tax exemption for HRA in Form 16.But don’t worry , you can claim them in your ITR.

 

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  • ClearTax makes it very easy to E-File your ITR
  • Efiling takes only a few minutes
  • Our experts help you on live chat and email

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All Articles

  1. A lot of times you get two Form 16 Part As. But how do you e-file your tax returns if you do get two Form 16 Part As?
  2. If you've changed jobs during the year, you need to enter details from multiple Form 16 and file your income tax return. Here is a guide for e-filing
  3. Check out the 7 simple steps to e-File your income tax returns without form-16. Find out how to calculate your Taxable Income and TDS without form-16
  4. A step by step guide with screenshots on how to e-file form 15G & form 15H on income tax department e-filing portal. Check out the filing process.
  5. Here is a step by step guide that will help you with e-file of income tax return using ClearTax
  6. Have you e-filed your income tax return incorrectly and want to revise it? Here is a step by step guide to file a revised return.
  7. Here is a step by step guide that will help you file a revised return through ClearTax.
  8. A step by step guide on how to file a rectification request under section 154(1) online, things to know before filing a rectification under section 154(1).
  9. A step by step guide with screenshots on how to e-verify your income tax return using aadhar card and E-verify your return using EVC.
  10. Find out what is a income tax nil return, why should you file it and how to fill it up online. Check out if you can go without filing nil return.
  11. A step by step guide with screenshots on How to E-File capital gain in ITR2 when you have sold house property, land or building?
  12. A step by step guide with screenshots on how to e-file ITR1 (SAHAJ) with house property loan? See how to file section 24 in itr1.
  13. Find out the difference between ITR - 4 and ITR - 4S. Check out the sample cases mentioned to find out whether ITR - 4 or ITR - 4S needs to be filed.
  14. Find out What is aadhaar enrollment id for income tax return? Check out the format and know where to find the number in aadhaar acknowledgement.
  15. A comprehensive guide on ITR2 form. Find out what is ITR-2, how to fill and file it online. Check out who are eligible to file the ITR2 form.
  16. A comprehensive guide on ITR6 form. Find out what is ITR-6, how to fill and file it online. Check out who are eligible to file the ITR6 form.
  17. A comprehensive guide on ITR2A form. Find out what is ITR-2A, how to fill and file it online. Check out who are eligible to file the ITR2A form.
  18. A comprehensive guide on ITR3 form. Find out what is ITR-3, how to fill and file it online. Check out who are eligible to file the ITR3 form.
  19. A comprehensive guide on ITR7 form. Find out what is ITR-7, how to fill and file it online. Check out who are eligible to file the ITR7 form.
  20. Find out who are eligible to file, how to e-file audit reports and how to fill ITR5. Check out the structure of the form.
  21. A comprehensive guide on ITR4 form. Find out what is ITR-4, how to fill and file it online. Check out who are eligible to file the ITR4 form.
  22. Find out how to file income tax return for last years? Check out the drawbacks of late filing and income tax penalty in such cases.
  23. Learn about the Income Tax Department Website & how to E-file your Income Tax Returns. See how to register & view tax credit statement in the website.
  24. A comprehensive guide on everything you need to know about Income Tax Returns. Find out which ITR to file and how to file it?
  25. Find out what is belated return and what happens if you don't file your income tax return. Know the consequences of late filing of return.
  26. A quick guide to various income tax return forms. Find out which itr to file in your case. Compare different itrs and find out which is applicable to you.
  27. A comprehensive guide on what is itr-1, how to fill and file it online. See who is who is not eligible and to file the ITR-1 form.
  28. Find the documents required for income tax return e-filing in India. Use the list to see the documents you’ll need to do your taxes on a case-by-case basis.
  29. Step by step guide with screenshots on how to file and where to file income tax return for deceased person by legal heir.
  30. Are you wondering whether you are required to file an Income Tax Return in India for FY 2017-18? Read this guide to figure out.
  31. Understand the tax department website on how to login, prepare and file IT returns
  32. A step-by-step guide with examples on how to access the income tax login on the Income Tax Department portal.
  33. Easily understand which income tax return form is correct for you and how to e-file it, with our interactive tool. If you have already e-filed, find out your refund status in a single click. Filing income tax returns is easy and can be done in 7 minutes.
  34. ITR7 is filed when persons including companies fall under section 139(4A) or section 139 (4B) or section 139 (4C) or section 139 4(D). Read our guide on ITR7.
  35. ITR6 Income Tax form is for companies not claiming exemption under Section 11. Read our guide on ITR6 to know more.
  36. ITR5 is an income tax form meant for firms like LLPs, AOPs or BOIs. Read the ClearTax guide on ITR5 to find out more.
  37. The Sugam ITR-4S form is for individuals who have opted for the presumptive income scheme as per Section 44AD & 44AE. Read our guide.
  38. The ITR4 Form is an Income Tax form for individuals earning income from a proprietorship business or are providing professional services. Read our guide to know more.
  39. ITR3 is an Income Tax form for individuals who are partners in a firm but have no other business under sole proprietorship. Find out more about ITR3 now.
  40. ITR2A is an Income Tax form for salaried individuals with income from more than one house property but no capital gains. Read our guide to know more.
  41. The ITR2 is an income tax form for individuals who don't have any income from another Business or Profession. Read the guide to find out more about ITR2.
  42. The ITR1 is an income tax form for salaried individuals and includes details like salary, income from house property or other sources. Read the guide to find out more.
  43. Which Income Tax Return should i file | e-file income tax return | income tax india | indian tax return forms | ITR 1 | I-T-R | I T R
  44. Find out the Important Due Dates of Income tax return filing for the year 2017 for Individuals and Businesses. See the Tax calendar for 2017
  45. Step by Step guide with screenshots on how to view Form 26AS and download it through the TRACES website or via Net banking.
  46. How to Revise your Income Tax Return, how to e-File Revised Income Tax Returns
  47. E-Filing multiple Tax Returns for old Assessment or previous Financial Years or for family members
  48. e-Filing with Multiple Form-16s. How to e-File if you changed jobs during the year or have multiple Form 16s from multiple jobs.
  49. How to E-file Income Tax Revised Return form 2 | ITR revise return | reactify income tax return | prepare correction | made mistakes in Income Tax Return | ClearTax incometaxindia.gov.in | acknowledgement number
  50. How to E-file Income Tax Return Form 4S Sugam | ITR4S Sugam online filling
  51. ClearTax's guide on verification of digital signature
  52. You can upload your Form-16 to ClearTax and our software will automatically prepare your Income Tax Return for you.
  53. It's possible to e-File your Income Tax Return even if you have lost your IncomeTaxIndiaEFiling.gov.in password
  54. Cleartax's easy, step-by-step guide that shows you how you can e-File your Income Tax Returns online (with screenshots)
  55. ClearTax's step-by-step guide on how you can e-File your Income Tax Returns even if you have not received a Form-16 from your employer.
  56. Switched companies mid-year. Fret not, this guide will tell you how you can e-file in this case.
  57. A handy list of documents you would need for filing tax returns in India
  58. How to change your assessment year while e-filing income tax returns on ClearTax.
  59. Are you wondering whether you are required to file an Income Tax Return in India for FY 2017-18? Read this guide to figure out.