GATHER DOCUMENTS AND INFORMATION

• PAN (Permanent Account Number)
• Aadhaar Card
• Bank Statements
• Form 16 (for salaried individuals)
• Details of other sources of income (if any)
• Investment proofs for deductions (like LIC premiums, PPF contributions, etc.)
• Details of tax payments made (TDS certificates, advance tax payments, etc.)

CHOOSE THE RIGHT ITR FORM

The next step is to select the appropriate ITR form based on your income sources and residential status. The common forms for individuals are ITR 1 (Sahaj), ITR 2, ITR 3, and ITR 4. Each form caters to specific types of income and taxpayers, so ensure you choose the correct one to avoid complications later.

FILL OUT THE ITR FORM

Carefully fill out the selected ITR form, providing accurate details of your income, deductions, and tax payments. Pay attention to every section and ensure all information is entered correctly to avoid discrepancies or rejections.

CALCULATE TAX LIABILITY

Once you've filled out the ITR form, calculate your tax liability using the applicable tax rates and deductions. The form itself may have built-in calculators to help you with this step. Double-check your calculations to ensure accuracy.

VERIFY AND VALIDATE

After completing the ITR form and calculating your tax liability, it's time to verify and validate the information provided. Ensure all details are accurate and up-to-date. Cross-verify with supporting documents to avoid errors.

FILE THE ITR

Once you're confident that all information is correct, proceed to file your ITR electronically. You can do this through the income tax department's e-filing portal. Follow the instructions provided, upload the necessary documents, and submit your ITR.

VERIFY THE ITR FILING

After filing your ITR, it's essential to verify the submission to ensure it's processed successfully. You can verify your ITR electronically using methods such as Aadhaar OTP, net banking, or by sending a signed physical copy to the Centralized Processing Centre (CPC).