<ul><li>Step 1: Visit www.taxyogi.com for online hassle-free tax filing </li></ul>TaxYogi.com – Easy, Safe and Speedy IT Returns
Step 2: Sign In <ul><li>You will be first directed to the login/registration page. </li></ul><ul><li>Existing users can login with their user ID and password. </li></ul><ul><li>First time users need to follow a one-time registration. </li></ul>
Step 3: Select the Assessment Year: AY2010-2011 After the registration/login process, you will be directed to the Welcome Page, from where you can get started. The User Interface (UI) is easy to understand. All you need to do is to keep your required documents ready before you start. For example : in the image, you need to select the relevant assessment year (AY) for which tax return needs to be calculated. Also, you can name the tax return.
Step 4: Select the types of income that are applicable to you.
Step 5:Fill in your personal information. <ul><li>You can either use information provided at the time of registration by clicking on ‘ use my profile ’; or </li></ul><ul><li>In case of existing users who have already created an IT return, click on ‘ use personal info from my previous IT return ’. </li></ul>
Step 6: Here, we will select ‘How to enter Form 16 information ?’ You can choose to be guided step-by-step through the Form 16, or in case you understand Form 16 well, you may click on ‘I understand Form -16 well and would like to enter the information on a single screen’.
Step 8: Fill in the salary details as provided in Form 16 <ul><li>Particulars such as gross salary, value of perquisites, allowances received and deductions under Section 16 (if any) must be entered correctly. </li></ul>
Step 9: Computing deductions to be availed under chapter VI-A Note: The online application will automatically guide you with the permissible limits that are allowed for each deduction under chapter VI-A of IT Act, 1961. This page includes the various deductions permissible under Chapter VI-A of IT Act, 1961.
Step 10: Displays summary of the sources of income and taxable income of the Assessee.
Step 11: Fill in details, if applicable, of income reported as arrears and/or income earned abroad. <ul><li>This incomes will be adjusted while computing taxable income. </li></ul>
Step 12: Fill in details of any advance tax payments made.
Step 13: Computes Interest Payable <ul><li>In case a person is liable to pay interest on account of failure to pay advance tax or in case advance tax is short of the actual tax payable, the UI calculates the interest payable under sec 234 A, B, C (on the basis of advance tax information provided by the user) and displays as shown in the image. </li></ul>
Step 14: Annual Information Return Form <ul><li>While computing your IT returns, you need to fill in the ‘Annual Information Return (AIR) . The AIR contains additional information from the Assessee, as presented above. </li></ul>
Step 15: Provides Summary of Information You can always ‘Save and Go Back’ to the previous page(s)or edit the required sections by clicking on ‘Edit’.
Step 18: Audits your Tax Form <ul><li>This is a unique feature created by TaxYogi called ‘Audit My Tax Form’ . Here, the UI displays the net taxable income, the amount of tax the assessee needs to shell out of his pocket, and how much money the assessee would save by fully availing the deductions under Chapter VI-A. </li></ul><ul><li>The page also gives you possible tax saving tips for the next financial year. </li></ul>
Step 19: Provides detail of your IT Returns <ul><li>Now ‘Print and e-file’ the computation of IT return by clicking on the option provided. </li></ul>
Step 20: Reviewing and verifying the items in the following checklist: <ul><li>Verify your PAN (There is a fine of Rs.10,000 for an incorrect PAN). </li></ul><ul><li> Date of Birth. </li></ul><ul><li> Ward Number. </li></ul><ul><li> Challan date, BSR code and serial number (for advance and self-assessment tax) </li></ul><ul><li> Bank A/C and MICR numbers. </li></ul><ul><li>TAN of your employer (or deductor). </li></ul><ul><li>The details of your ‘Annual Information Report’ (AIR). </li></ul><ul><li>Please make sure you have provided all mandatory information. </li></ul><ul><li>You can upload this XML file on IT government website. </li></ul>
Step 21: Steps to file your returns <ul><li>Once you receive the XML return to your email address: </li></ul><ul><li>Go to the IT Department site's e-Filing section. </li></ul><ul><li>Register using your PAN number. </li></ul><ul><li>If you are already registered, go straight to UPLOAD page. </li></ul><ul><li>Login and click on the relevant form on the left panel and select "Submit Return" </li></ul><ul><li>Browse to XML file and click on "UPLOAD" button. </li></ul><ul><li>On successful upload acknowledgement, click on "print" to generate a printout of the acknowledgement/ITR-V Form. </li></ul><ul><li>Incase the return is digitally signed, on generation of the "Acknowledgement" the Return Filing process gets completed. </li></ul><ul><li>For those without a digital signature, print out the ITR-V Acknowledgement Form. </li></ul><ul><li>Fill in the verification part and mail it to the following address within 30 days after the date of transmitting the data electronically: </li></ul><ul><li>Income Tax Department-CPC, Post Box No-1, Electronic City Post Office, Bengaluru- </li></ul><ul><li>560100,Karnataka. </li></ul><ul><li>(If you have any questions our customer support number is 9676943575). </li></ul><ul><li>Note: To e-File, choose the 'Print & e-File' option and all e-filers will get an automatic 15 days grace period from date of e-return upload to the date they submit their signed and verified ITR-V to the Income Tax Department. </li></ul>
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