How to file ITR for free online?

2. Online: Enter the relevant data directly online at e-filing portal and submit it. Taxpayer can file ITR 1 and ITR 4 online.

PAN will be auto-populated.
Select 'Assessment Year'
Select 'ITR Form Number'
Select 'Filing Type' as 'Original/Revised Return'
Select 'Submission Mode' as 'Prepare and Submit Online'

What is e-filing of income tax?

E-filing is the short form of electronic filing of income taxes. E-filing is when you electronically file your income tax returns online for a particular year. This means you no longer need to visit the nearest Income Tax Department's office to file your returns physically.

How do I e-file my 2021/22 tax return?

Step 1: Log in to the e-Filing portal using your user ID and password. Step 2: On your Dashboard, click e-File > Income Tax Returns > File Income Tax Return. Step 3: Select Assessment Year as 2021 – 22 and click Continue. Step 4: Select Mode of Filing as Online and click Proceed.

How to file ITR with form 16 online?

Step 1: Visit the Income Tax e-filing portal. Step 2: Log in using your user ID and password. Step 3: Enter PAN and other essential details. Step 4: Fill in the mandatory details (address, date of birth, e-mail ID, mobile number) on the online ITR form.

Which site is best for ITR filing?

(Source-Press Information Bureau).

ClearTax. ClearTax is among the best online tax filing websites in India trusted by more than 40 lakh taxpayers to file their ITRs online.
MyITReturn.
H&R Block.
TaxSmile.

Is ITR filing free?

You can file your ITR on your own. It's Easy, quick & free when you file with Tax2win on your own.

What are the types of e-filing?

Types of e-Filing

Option 1 - Use Digital Signature Certificate (DSC) to e-File.
Option 2 - e-File without Digital Signature Certificate.
Option 3 - e-File the Income Tax Return through an e-Return Intermediary (ERI) with or without Digital Signature Certificate (DSC).

Who is eligible for e-filing?

According to Section 139 (1) of the Income Tax Act, 1961 of India, individuals whose total income during the previous year is more than the maximum amount not chargeable to tax, should file their ITR or income tax returns. When such individuals file their income tax returns online, the process is known as e-filing.

Is filing ITR easy?

The process to e-file ITR is quick, easy, and can be completed from the comfort of an individual's home or office. E-filing ITR can also help in saving money as you would not have to hire an individual to file ITR. Note: You can now file your taxes through the New income tax portal.

When e filing will start?

The Central Board of Direct Taxes (CBDT) launched the new IT e-filing portal on 7th June 2021.

How much does it cost to file ITR?

1500-2000 for the filing depending on the complexity of transactions in your tax returns. The online filing via syndicators like Clear Tax and H&R Block is still lower and costs anywhere between Rs. 500 to Rs. 1000 for filing of returns.

How can I save tax on 12 lakhs?

Tax Deductions under Section 80(C) Investments in PPF (Public Provident Fund) Investments in EPF (Employee Provident Fund) Investments in ELSS funds (Equity-Linked Savings Scheme) Investments in NSC (National Savings Certificates)09-Aug-2022

Can we file ITR without 16?

Still, you can file your Income Tax Return even without obtaining Form 16. You should ensure that Form 16 is received in a valid format and check all details of the total tax deducted at the source from your salary. If you don't have Form 16, you can file ITR by using your salary slip.23-Jul-2022

What happens if I dont file ITR?

Non-filing of ITR can lead to imprisonment, where the term can vary between 3 months and 2 years. Non-filing of ITR can lead to imprisonment, where the term can vary between 3 months and 2 years.

Is it mandatory to file ITR?

According to tax rules, filing of return of income is mandatory where an individual's gross total income is more than Rs 2,50,000 in a financial year. However, an individual who may not have taxable income is also required to file his income tax return if he meets some conditions.22-Jul-2022

Which ITR for salary?

ITR-3: As a salaried employee, you can file an ITR-3 if you receive income from salary, business or profession, house property (one or multiple), capital gains, and other sources.

Is All India ITR free?

All India ITR made tax filing extremely handy with its mobile application. All India ITR mobile application is a free application and you can file your Tax Returns anywhere and anytime with it. This available on Android as well as IOS devices.

How can I get maximum return on ITR?

Recommended ways of saving taxes under Sec 80C,80D and 80EE

Make an investment of Rs 1.5 lakh under Sec 80C to reduce your taxable income.
Buy Medical Insurance, maximum deduction allowed is Rs.
Claim deduction up to Rs 50,000 on Home Loan Interest under Section 80EE.

Is ClearTax free or paid?

Free income tax returns in under 7 minutes.

Why E filing is important?

E-filing software greatly reduces the number of errors. The software allows checking tax and accounting reporting automatically, processing data more accurately and reporting in compliance with the standard.