What is the new income tax portal?
www.incometax.gov.in
ITR filing has begun on the New IT Portal. Both the offline and online versions of Form ITR 1 and ITR 4 are available. A few taxpayers may still see errors in some selections, but it is largely being filed now.
How do I File a new ITR portal?
2. Online: Enter the relevant data directly online at e-filing portal and submit it. Taxpayer can file ITR 1 and ITR 4 online.
Step 1: Go to the e-Filing Portal homepage and click Login. Step 2: Enter your user ID in the Enter your User ID textbox and click Continue. Step 3: Confirm your Secure Access Message. Enter your Password and click Continue.
Can I file ITR for AY 2021/22 now?
The e-filing of updated Income tax Returns under Section 139 (8A) has now been enabled for forms ITR-5 and ITR-6 for AY 2020-21 and AY 2021-22, according to the Income Tax website.03-Aug-2022
Thus, if a salaried individual has income from salary and capital gains, then he/she will be required to file an income tax return using the ITR-2 form.18-Aug-2022
Why ITR processing is getting delayed?
Here are major reasons under which a tax refund could get delayed: Incorrect bank account details: There are chances that taxpayers did not give the correct bank account number or other bank details while filing the ITR.02-Aug-2022
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.
How many days will it take to process ITR?
20-45 days
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 do I e file my 2021/22 tax return?
Table of contents
Income Tax New e-filing 2.0 Portal is the official portal of the Income Tax Department, Ministry of Finance, and Government of India. The portal has been developed as a Mission Mode Project under the National E-Governance Plan.18-Jun-2021
How to create Login ID for Income Tax?
Registration Process
Step 1: Log in to the e-Filing portal using your user ID and password. Step 2: Go to the My Profile page from the Dashboard. Step 3: Click My Bank Account. On the My Bank Accounts page, the Added, Failed and Removed Bank Accounts tabs will be displayed.
What is the password for income tax login?
The password to open ITR-V (acknowledgement document) is a combination of your PAN (in lowercase) and Date of Birth in DDMMYYYY format.
31 July 2022 was the last date to file ITR of AY 2022-23 for salaried employees and Hindu Undivided Families (HUFs) whose accounts don't need to be audited. Taxpayers who failed to file ITR by 31 July can now file belated income tax returns till 31 December 2022.06-Aug-2022
What is the last date for filing ITR for AY 2022-23?
The last date to file the belated ITR for AY 2022-23 is 31 December 2022.02-Aug-2022
Accordingly, for FY 2021-22 (AY2022-23) i.e., for this year, the deadline for filing belated ITR is December 31, 2022. An individual filing belated ITR by the deadline of December 31, 2022 will have to pay maximum penalty of Rs 5,000.31-Jul-2022
What is the minimum limit for income tax?
If your income is below ₹2.5 lakh, you do not have to file Income Tax Returns (ITR).
₹262500 + 30% of total income exceeding ₹15,00,000. New tax regime slab rates are not differentiated based on age group. However, under old tax regime the basic income threshold exempt from tax for senior citizen (aged 60 to 80 years) and super senior citizens (aged above 80 years) is ₹ 3 lakh and ₹ 5 lakh respectively
How much HRA can I claim?
The amount of HRA your employer pays you. If you live in a metro city, 50% of your salary is eligible for HRA deduction. If you live in a non-metro city, 40% of your salary is eligible for HRA deduction. 10% of your basic pay minus the total rent you pay.
What is the new income tax portal?