Filing Income Tax Return can be a time-consuming task. There are times when taxpayers pay extra tax or get confused while filing Income Tax Return. In such situations the taxpayers must know how to come of this fix and that’s why here are the steps that you can follow to file your ITR easily without spending much time.
Firstly, you are supposed to create a Login ID on the Income Tax Department’s official e-filing website. In order to login you will have to register yourself and for that you will require your PAN Card and once you have put your PAN details you will have to follow the steps one by one.
Once you fill in your PAN details your personal information and tax details that are already available in Income tax department’s database will appear automatically.
The most important things while filing Income Tax Return are your personal documents. Whenever you file your ITR you must keep your documents like Form 16/ Form 16 A, PAN Card, Aadhaar Card and bank details handy. Without these documents you will not be able to file your ITR.
If you have made any investment in the particular Financial Year, then in that case you can claim the relevant deductions and exemptions for the same. Generally a taxpayer can claim exemptions like House Rent Allowance, Leave Travel Allowance, Medical Allowance etc.