27th+28th July 2011 - Filing Tax Online!

Today I learnt that filing your Taxes online is Easy Breezy! :D (Not that I didn't spend few hrs realizing that! but still..)

STRICTLY FOR SALARIED CLASS:

1. Visit http://www.incometaxindia.gov.in

2. Click on File Returns Online - a new page opens

3. Select e-Filing A.Y. 2011-12--> Individual, HUF

4. Under Download Return Preparation software click on ITR-1 (SAHAJ) - Excel Utility Form - Download Zip Folder

5. Keep your Form-16 next to you handy. Open Excel, Enable Macros (read Help Notepad in Zip Folder) - DO NOT FILL WITHOUT ENABLING MACROS!), Ok now go ahead Fill details from Form 16 onto ITR-1.

6. Click on Validate once all info is in. Click on Compute Tax. Check if your Tax Deducted, Tax Paid, & Refund add up.

7. MOST IMPORTANT: Check you have given YOUR ACCOUNT NUMBER accurately! TWICE! You screw up here, there's no turning back!

8. Click on Generate Xml. Go Back to Step 2 listed here. Under SUBMIT RETURN select Assessment year AY 11-12! (Not AY 10-11 unless you to file your taxes again for last year! :P)

9. Follow instructions. Upload XML document. Voila! You have successfully filed your Taxes Online this year! \m/

10. Feel Good about yourself. There's still hope for you! :P :D

Oh n BTW - You have to sign & send your  ITR-V to

Income Tax Department - CPC,
Post Bag No - 1,
Electronic City Post Office,
Bangalore - 560100,
Karnataka

Within 120 days of filing online!

Note: I got stuck a few places though. Might be helpful to you if you do too..

*ITR-1-Income details sheet : Income Tax Ward/Circle - ? Simple - Go to Step 1 - Click on PAN - Select "Know Your PAN" Enter Name & DOB and Lo n Behold - Jurisdiction = Tax Ward/Circle. Copy n Paste! :P

*ITR-1-TDS sheet: All taxes your company has cut is TDS (assuming your salaried like me!) not Advance Tax, not TDS other than Salary, You have your Challan Number, BRC Code etc, you might say.. NOBODY WANTS TO KNOW THAT!

Just fill up the First Table for TDS. That's it!

*ITR-1-Taxes Paid & Verification Sheet: MICR Code - Simple again - Your Check Book has all the info (2 number from left below each Cheque Leaf)

Need more help? Google it damn it! :P

You can SWYLT (Share What You Learnt Today) too! Just drop your email to swylter@gmail.com

Cheers!

Chethan Comet

Super SWYLTER!