How to file your taxes online: A Step by step guide

The last date for filing taxes is 31st July. If you don’t file by then, you may have to pay penalties or interest depending on the decision of the Income Tax Department.
Every year around this time you are looking to ensure that you file your taxes on time too. While some people opt to have a CA help them file their taxes, some other prefer to do it themselves. This video will tell you about the quick and easy way you can file your taxes from the www.incometax.gov.in website. It has been made very simple and user-friendly now. As long as you have your form 16s and all other relevant income documents handy, you too can file your taxes before the deadline. When you do start filing, remember that you will need to select the correct assessment year. Once that is done, you’ll need to select ITR I, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6, or ITR 7. If you are not sure, the portal can help you decide. From here, it is just a matter of answering a few questions. If you have made some investments or qualify to income tax deductions then make sure you select the deductions that apply to you under sections like 80C, 80CCD, 80D, etc. of the Income Tax Act. Depending on your inputs the site will tell you if you have to pay more money towards taxes, don’t have to pay any additional amounts or that you qualify for a refund. Once done with providing information and/or making the payment you can proceed to e-Verify the returns.
File your taxes on Bajaj Markets: bit.ly/4fhCFF0
More videos on tax: bit.ly/4f9z77M
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