e-File Income tax return For AY 2014-15 – Step By Step Procedure

 

e-Filing income tax return is very easy for salaried person. If you still did not try it or you avoid technology, give e-return a try. Within 15 minutes you will be able to file income tax e return online. Through the online procedure not only you will save 300-1000 rupees, but also you need not to share your earnings with anyone. Also you will get your income tax refund quickly. Let us see how easy it is.

‘Register’ or ‘Log in’ Income tax India  efiling Portal

To efile your income tax return there is a separate website other than the Incometaxindia.gov.in. This website is incometaxindiaefiling.gov.in. Visit this website.

Site may not open in chrome browser due to ‘invalid  security certificate’. In that case you should try to open it in mozilla firefox or internet explorer. If You are filing your return first time you must register with your PAN number. It is a one time process, don’t hesitate it as easy as opening a facebook account.

Handling A Peculiar Situation

If you have filed your return earlier through chartered accountant, he might registered you. In this case you will not be able to register yourself as your CA has already used your PAN as user ID.  So just dial to your CA and ask the password. If for any reason you can’t get password, use the ‘forgot password‘ option.

 

income tax return efiling login

 

How To Reset Your Password

Remember your PAN is the user ID. It will give you three modes to reset your password.

efiling of income tax return

    • In the first case you have to answer the secret question. This one is the easiest one, but if the CA has set it, you will not be able to answer.
    • The second mode is  the digital signature, most  of the  people don’t have this (it is costly to maintain one).
    • In the third option you need to give your bank account number and assessment year. You can get your acknowledgment number from intimation mail of income tax department. Your CA should have provided this intimation mail.

It may also happen that CA has not filled bank account number in previous year’s return, then you can’t use this option.

Also if you give everything correctly the password will be sent to the earlier provided email. It may also happen that CA has given his email address while income tax return efiling .This means that refund cheque would come to his address. Further he can ask a share from refund.

In my office almost everyone who has used the service of CA is facing this problem. CA has not given the password. He has given his email address in the accounts of clients. Also, he did not give bank account numbers in the previous return. He has done everything to stonewall his clients if they try to file their return themselves. Earlier CA used to give his address on the returns. So that they can again ask some cut from the refund.

However the situation has reversed this year. The income tax department has set limit for email ID and mobile number to be used in different accounts. Now CA will be forced to give your mobile number and email ID while filing the return. This will mean that you will get keys in your hand.

But if you can’t get your details for any reason, don’t worry, there is an easier alternative. Mail your details to income tax department stating your inability to log in. They will send you the new password however it will take  2-3 days.

During the helping to my colleague’s returns, I found that log in is the  biggest deterrent of this procedure.  But again this is one time problem. Once you get a password, there will not be looking back.

How To get password from income tax Efiling

How To e-File Income Tax e-Return

After Log in you can see your own page where you can file your return online, see your previous returns, and change your personal details. I advise to check your personal details first. If CA has created your account, it is  a must. Specially check your mobile number and email address.

Now lets go ahead to e-file the income tax return. Look at left hand upper corner of the page, there is a link for quick filing. Go through this link now, within ten minutes your efiling will be complete.

income tax return efiling submit

 

You should have these documents or details before proceeding

  • Form 16
  • Other income details
  • Bank account number
  • IFSC code
  • Personal details

Now, click on the quick e-File ITR link.

online income tax return

  • Choose ITR-1 if you have salary income.
  • In most of the cases assessment year would be the current financial year.  If you are filing late return for one year earlier,  choose the previous year as assessment year.
  • There will be three options address. If your address has not been changed recently, click on
  • for second option. You will get the opportunity to verify and rectify this.
  • Most of the people don’t have digital signature, then choose ‘NO’

Fill Personal Details

After submitting you will see ITR-1 form. In this form most of your  personal detail  would be already there. You have to  only fill Sex, Country, email address, and mobile number. If your address has changed then change the address also.

Income Tax Efiling Status

In the next step of online income tax efiling you need to tell about your filing status.

      • A18-  Private company employee should choose ‘Other’ in ‘Employer Category’ column.
      • A19 – You can leave the tax status column, as it will change according to its calculation.
      • A20- Those people who were more than 180 days in India during the  last financial year should choose the Resident option in residential status column.
      • A21- If you are filing your return before the last date, select ‘Before the due date’ else ‘After the due date’. You can file the income tax return after the date but there are many potential problems as well.
      • In most cases, your return should be original unless you are filing revised return for the same financial year.
      • If you are filing revised return, you should give additional information about the previous return.

 

 

Efiling incometax return Free

Give Income Details

After efilling the first page don’t forget to save the draft. On the next page you have to fill the income details and tax saving investments. So keep your form-16 handy. Keep in mind that for filing income tax return your ‘income from salary’ is not the gross income. In Form 16 it must be under column ‘Income Chargeable Under The Head ‘Salaries’. Take that figure from form 16.

 

efiling INcome tax return India

 

If you are earning from house property or bank deposit (interest more than 10,000) then you have to fill this as well. For  these other income tax should be already paid.  If not, deposit the tax online and get the details. You should give those details with the return.
Now you have to give details of expense or investment which are eligible for tax deductions. If you have declared all the details to your employer correctly, you should not worry, it will be on Form-16. Take the figures from form-16 and fill the return.

Tax Saving Investment/Expense Details

In this section of income tax efiling you have to fill the details of your tax saving investments. There are many tax saving options. I assume that you must have chosen some from 10 best tax saving option. Add them up and fill the total of 80C investment in one column. These 80C investment may be

 

There are some more tax saving option also. Health insurance is out of the 80C. You should fill it in column of 80D.

e-file Income Tax Return India

Taxes Paid Details

After filling your income details and deductions now you should give the information about the tax deducted at source and advance tax if any. On this page there are three sections, but if you have only salary income and TDS has been deducted for same, you have to worry about the first section only.
In the SCH TDS 1, You have to fill the income and tax paid detail by the employer (s). If you switched the job in during financial year and got two FORM 16, Add another row for the second one. You can create as much rows as you have form 16.
This section may be pre-filled as tax department knows how much tax have you paid and what was the declared income. If the pre-filled value matches with your tax paid detail you can leave it untouched, else you should fill the income and tax paid details according to your form 16.
In the first column fill the TAN of employer.  In your form-16 there must be the TAN number of the employer. Also check the correct name of the employer in the form-16.
Again, you have to fill taxable salary for the year in third column. It should be the same as column B1. Form 16 has the details of TDS in first page. Companies normally submits TDS every quarter, so there should be 4 entry of TDS. You have to give the total TDS.

 

income tax return efiling

 

If you have any other income and tax has been deducted before the payment, give details in the second section. Tax deductor should give you these details as your company gives in form-16. In case you have submitted some tax yourself (for property income or interest income) then fill the third section. After this page you are almost done.

Tax Payable/Refund Status

On the next page you can see your tax details. If you are eligible for any tax refund it will be there before Refund column. It is also possible that your company have deducted less tax for any reason then there will be tax payable amount. In this case you have to pay your remaining tax first and then e-file income tax return meanwhile save your filled form as draft. Ideally, there should be zero in tax payable and refund column. 

 

efile income tax return

Bank Account Details

In the next section you have to give your bank account details. If you have any refund then these details become very important for speedy reimbursement. You have to also give IFSC code. Cheque leaf contains IFSC code. You can also  get if from here. Now submit it, but don’t forget to take printout of ITR-V. Sign in  the ITR-V and send it CPC Banglore. Full address will be in the ITR-V. Send ITR-V only by simple post.
With this your online income tax return efiling is complete. First timer may take some time to understand and fill it, but in later years it will be definitely a cakewalk.
If you made any mistake, file revised return again. The process of revised return is similar, only you need to choose revised return in desired column. You should also give the acknowledgment number of the original return.
Further you can also e-File income tax return of your acquaintances and relatives also. Did you find this how to efile income tax return procedure useful? Don’t forget to share it with your facebook friends, Twitter follower and Google Circles.

photo credit: Jeremy Brooks via photopin cc

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Chandrakant

Chandrakant started PlanMoneyTax Blog. He writes on Investment, Saving, Insurance, and Tax issues. Besides personal finance he has keen interest in technology and politics. Presently Chandrakant works with CNBC Awaaz.


206 comments on “e-File Income tax return For AY 2014-15 – Step By Step Procedure
  1. parkash says:

    have a small bussiness, and my income is under taxable, how can i file return online,
    its my first time

  2. lovely says:

    3 months age I file a income tax for year 2014-15 by seeing a 26as form that time the 26as form shows tax Rs23472 and I got my refund but now 26as form showing tax RS47734 what should I do ???? can I refund my rest of income tax … plzzz suggest me

  3. arti says:

    3 month ago I filled the income tax by seeing 26as form that time it shows Rs23450 and refund paid to me but now the 26as form updated and the tax convert to Rs47730 now what should I do??? can I fill refund my rest of tax ??

  4. Gagan Sharma says:

    Thanks for this useful information, i am the first time user to fill this return self, but ur guide made it very easy for me thanks again

  5. Saurabh says:

    Sir, i hav filed my returns for tds using ITR 4S on 31 july. But i did not declare my income from shares which i held for 4 years. Please advise me how should i go ahead and declare my long term capital gains.

  6. sanjay says:

    Hello sir,
    i have filled income tax returns itr4 online on 14th Aug but by mistake it took submitted and my income tax deducted more than the actual tax.
    I called helpline no. but they told me you can’t file revised return and submit ITR -V , after that they will send me rectification letter.
    Plzz suggest me any other option.

  7. ASIM AMITAV SUBUDHI says:

    Hi , I already Filled my IT retrun ITR-V generated but not send yet.Found Tax payble as Rs40. I already epay the Tax of 40. Should i need to file Revised Return ?? Already Due date is over , can i file revise return ??should i need to send both Original or Revised Return copy or only Revised Return copy.

  8. swaps says:

    please provide me the date when:
    If you forgot both your registered email ID and password. What was the older option of getting access to your account in 2012 and also 2013 without otp ?
    1. During 2012 (January – June) what was the process
    2. During 2012 (July – Dec) what was the process
    3. After that period – what was the process
    Did the I.T. dept then stop sending password to unregistered email IDs ?
    What was the old process and what is the new process if you forgot both?
    When exactly did the process change?

  9. Hi, I am a central govt employee. During FY 2012-13 I have paid my my taxliability and submitted my e-return on time. But now IT department has emailed an INTIM A T I O N U / S 1 4 3 ( 1 ) O F T H E I N C O M E T A X A C T , 1961 in which department has imposed interest payable under section 234b and 234c. TDS is regularly deducted from my salary. My question is whether being a salaried person am I liable for interest payable under section 234B and 234C. If my employer who has deducted TDS but somehow it not matched with IT department calculation then who is responsible for this diffeence.

  10. hello sir,
    i’m trying to login for e-filling..but there is a problem,it says my user name or password is invalid but when i try”forget password” option, it says ‘PAN NOT EXIST’..and when i try ‘REGISTER’ OPTION.. then it sayes’PAN ALREADY REGISTER’….WHAT CAN I DO SIR..??

  11. Amit says:

    Is it possible to give other person Bank account number for credit the amount , i have filled the form and i given my father’s bank account number ?

  12. Anamika says:

    Hello sir,
    i have filled income tax returns online on 6th Aug but by mistake it took submitted and my income tax deducted more than the actual tax.
    I called helpline no. but they told me to submit ITR -V , after that they will send me rectification letter.
    Plzz suggest me any other option.

  13. Planmoneytax says:

    Hi Rizwan
    You can file revised return with ITR 2. Go ahead.
    Regards
    Chandrakant

  14. i have filled ITR 1 and seek refund of 67k. but i have learnt that i have made wrong calculation and actual amnt to claim is 58k. Also my frnd tld me i shud fill ITR 2. can i fill revised return in ITR 2.

  15. ashish says:

    Hi… I paid addl. Tax on 1st aug 2014. Am I liable for penalty for 1 day?

  16. Hi, I am a central government employee.The tax for the assessment year 2014-1015 has been detected from my salary. But I have failed to e file income tax returns. Is it possible for me to efile my returns with out penalty and if so kindly tell me,upto which date?

  17. megha says:

    hi chandrakant sir,
    i’m a salaried employee with salary amounting to 5,41,200. I have ppf and pf investments worth Rs. 41,400 ( 27,000+14,400) . I also have an FD interest income of Rs.26,762. therefore, the total taxes paid comes to Rs. 31535 of which tax payable is Rs.4840. My question is how can I save this tax. Also if I can make an investment now for the Fy 2014-15? or is it too late now? and please guide me for the future. Thanks and best regards.

    • Chandrakant says:

      Hi Megha
      You can’t do now for the previous financial year (2013-14). You are filing tax return for FY 2013-14. In this financial year your tax can go down by almost 20,000. To save this tax you have to invest in tax saving instruments up to 1.5 lakh (PF included). The health insurance will give you chance for additional tax saving.

      Start tax saving investment immediately.You have a big scope. Don’t take any insurance schemes except term insurance.

      Regards
      Chandrakant

  18. Planmoneytax i donot owe any money to IT department for last year (TDS – salaried person, so nothing i owe, infact accountant deducted more than they should). but do i have to pay any penalty when i file my last year's IT returns now (somewhere i read that the government can withold any excess money they owe me….)

  19. Saurabh says:

    Sir, i bought some shares 10 years back. I have sold them now.. Should i declare my income.?? If yes then how shall i move ahead?? Whats the paperwrk involved… Please advise

    • Hi Saurabh your profit from shares is tax Free as you sold them after 1 year. U can fill itr 4s and declare the income

      • Saurabh says:

        Sir, is it advisable to refrain from giving a declaration since it is tax free.

        • Chandrakant says:

          Hi Saurabh
          You can. But declaration will stop any further queries. IT department track every transaction. It can give you notice seeing big amount in your account without any information. :-)

          Regards
          Chandrakant

          • Saurab says:

            Sir, Thank you so much for taking time to reply for my queries. One last doubt which I’d like to raise is; now that I have filed my tax returns for salary on 31 th july. how can I go ahead declaring my capital gains from shares.

  20. Hi Vineet File revised return again. Read the penultimate paragraph of article once again.

  21. Kapil says:

    Chandrakant,

    Can we claim Tax benefit on the principle amount of home loan for under construction flats.

    Regards,
    Kapil

  22. Vineet Sahu says:

    Hi!
    I just filed my itr 1 but after submission i see that in the acknowledgement that there has been an error in entry. An additional zero has been added to my other incomes, raising the tax payable enormously.
    How can i rectify this?

  23. ISK says:

    Hi,,i just filled my return online now.. date is showing 01 Aug 2014. Please tell me if this is acceptable ?

  24. Anurag says:

    Hi, While filling the form online there was some amount which i had to pay and then i have paid it online got the BSR code , chalan number and etc.. Now when i am fillig all these details the amount field is read only. I believe that should be automatically filled. untill and unless the total payble amount is not zero how can i submit the form. Please suggest as today is the last day. Is the date has been extended?

    Thanks,
    Anurag

  25. Planmoneytax says:

    Hi Pregas Srinivasan
    There would not be any problem unless you owe any tax. for more details read this article http://planmoneytax.com/last-date-efiling-income-tax-return

    Cheers
    Chandrakant

  26. Chandrashekar B says:

    while filing the income tax return online in incometaxindia portal it will be asking to save the draft. my question to you is how to retrieve the saved draft?

  27. Subhash Chandra Pathak says:

    Mishraji your job for guiding people for filling tax return is obligation on us . You have cleared the tough task in a very simple way . I have got a good confidence now ,now can file the tax return of my wife and other relatives too .Thx again sir .

  28. Amit says:

    HI chandrakant,
    I got an interest of 2k on my saving a/c from SBI and they have deduced a tax of Rs 228.This is in my 26AS also.
    Where should I put these no in online form?

  29. Planmoneytax will there be any legal problems due to late filing? i m in similar boat …

  30. Chetan Patil says:

    Hi Chandrakant,
    Where to mention HRA in ITR? if not filed previously ?
    should I mention total income(after deducting rent or should I mention it in 80GG)?

  31. amit says:

    hi chandra,
    I filed my tax at tds. But i am confused about assessment year. Is it 2013-14 or 2014-15?
    Thanks and keep up the great work.

  32. Hi Mishra,

    I have filled the tax return online, but I have done one mistake.
    Income from salary/Pension (Ensure to fill Sch TDS1) column Gross total income instead of I have filled the gross salary. Unfortunately I am submitted the form. So now tax payable amount was getting more. I need to modify the gross salary instead of Gross total income .please help me same as ASAP today is the last date to fill the filling.

    Thanks & Regards,
    Mallikarjuna M

  33. Saurabh says:

    sir, how to declare income from long term capital gains on shares holded for 15 years. I am a govt employee. Can i file it after 31 july also.. Please advice.
    Thanks

  34. while filing the return of previous year what option should we select in A21 box

  35. HI Chandrakanth
    Under sec 80D we can claim Rs 5000 for pre health check up.
    Can i claim this for me or my parents if i we DO NOT have the health Insurance ? SOme where i read that we can claim , and if so , how do i submit the Proofs ? do i need to post it with the signed ITR ?
    Similarly for 80G , i had dome some donations, how do i send the proofs to the IT dept ?

    thanks in advance,.
    Regards
    Bhushan

  36. jatinder says:

    What a great topic embedded in simplicity. You are doing a great service. Thank you…

  37. Trinath says:

    Sir i have inserted the paisa but it has inserted as rupees but i had not notice ,so how can i edit this plz reply

  38. smkatiyar says:

    Thanks a lot sharing such beautiful information. He is helping lot of people, including me :)

  39. Planmoneytax says:

    Hi Sandeep
    You are a government employee. If you paid the tax then you are the non company deductee.

    Regards

  40. Planmoneytax says:

    Hi Sreenivasan Ramji
    Your daughter must file the return of previous year to get the refund.
    Regards

  41. Planmoneytax says:

    Hi kesavan
    You are right. Add a row and fill the values from both the form 16
    Regards
    Chandrakant

  42. Planmoneytax says:

    Hi Dheeraj Chowdhary
    You can fill whatever data you deems correct. However, if there would be big discrepancy then you may receive notice. Hence, Be sure that you are filling right values.

  43. Pavan says:

    Hi,

    My gross salary is included HRA, Conveyance exemption and medical exemption.. In which section i have to enter these details..
    and what should i enter in B1 entry.. Gross total income which is my Form16 or Gross salary..

    Thanks in Adavnce
    Pavan

  44. iam an iob bank employee while filing itr1whatvshould be the employer category,and while paying tax for myself the option should be company deductees or non company deductees.

  45. Rajesh R says:

    Hi Chanra,

    I Got the below error while submitt the tax online “Only one Original ITR can be filed u/s 139(1). Please change the section and retry.

    Could you pls share what is actual mistake..?

    Regards,
    Rajesh

  46. CAN my daughter file e return for fy 2012-13 now, some refund is involved-Total income less then taxable income limit. she also needs to file fy 13-14 -income less than taxable limit but some TDS has been made – very small amount involved as refund

  47. chandan kumar says:

    Hi sir,
    I filled the itr 1 and in employeee type i filled private sector but i working in private sector. I see in ur guide line u suggest other.
    Plz suggest me what can i do.

  48. Anshita says:

    Getting an error while updating details ubnder TDS tab
    Invalid field value for “itr.tr1IncomeDeductions.incomeFromSal”.

    Please help

  49. hi chandrakanth i filled amount in 80E instead of 80G on 7/6/2014 and submitted and now i have to modify how to modify

  50. Channa says:

    I have bills for LTA, I have forgot claim tax expemption from employer, Now i want claim from IT office..My question is which colom/section in e-filling i have enter the LTA amount…pls guide me..thanks in advance…

  51. Hi Chandrakant,
    I have a made a Job switch during FY 13-14 and received form 16 from both previous and current employer, while filing the returns should I have to file both form 16's as my current employer form 16 also includes income I made and TDS deducted by my previous employer, Please advise.

    • Hi Kesavan

      In the income column fill the aggregate from both the form 16. In the column 80 C fill whatever your real investment during the Financial year.
      In the tax details column add ome more row. fill the income and TDS from both of the form 16.

      Regards
      Chandrakant

  52. Rahul_tcs says:

    Awesome blog to provide this much clarity and help the beginners to fill returns.
    @Ramanpreet kaur: You should edit that value to equal to -Income chargeable under the head ‘salaries, in Form 16 and proceed.

  53. Anand Sharma says:

    Dear Chandrakant,
    Very well written post – clear and with all the details. Really appreciate the time and effort people like you put into these, which helps numerous people like me!

    Thanks a lot!!!!
    ~Anand.

  54. Mudit says:

    Hi I am reviseing my ITR 1 as i had shown one deduction for 80G in 80E.I am revising it however, i could ot see any column for mentioning original ITR 1 acknowledgment number.Please advise wher to mention this acknowledgement number

  55. VINOD KUMAR SINGH says:

    THE PRESENTATION OF ITR 1 IS WONDERFUL, ERROR FREE AND FLAWLESS. MAY GOD BLESS ALL WHO HELPED IN PREPARING THESE GUIDELINES. I GOT MY ITR FILLED AND OF OTHERS TOO WITH ITS HELP. KEEP DOING SUCH GOOD DEEDS AND GOD WILL HELP ALL WHO HELP OTHERS.

  56. srujan says:

    Hi sir
    my name is srujan.
    i’m wrongly entered the income details by mistakely… and i’m submitted it online already. so now i want to change that details. how could i change that details?

  57. Dheeraj Chowdhary says:

    Hi Chandrakant,

    In my case also there's a difference in Salary minus allowances in form 16 and the Traces form, with Traces form showing more amount paid/ credit than what the Salary minus allowances from my employer shows.

    Can you please help with this.

    Thanks,

  58. Samir says:

    Thanks, Chandrakantji.

  59. DINAKARJV says:

    BANK DEDUCTED ONLY 10% TAX ON INTEREST HOW TO PAY REMAINING 20%( ONLINE BECAUSE IN 30% SLAB) ON WHICH CHALLAN NO? THEN WHERE IT WILL FILLED IN ITR 2

  60. Hi Chandrakant, I have the same problem as Ramanpreet above…can you please advise? I did not see an answer

  61. Moumita says:

    Hello…
    According to my form 16 of assesment year 2014-2015 and e-filing site unclaimed/refund amount is RS.2090..But my mistakenly I submitted ITR form.I want to get back that refund amount.Please let me know the procedure to get back that amount.Can I again fill that form?

    • Hi Moumita
      I could not get you properly. Nevertheless, I am trying to answer. If you see and refund amount while filing online return then you will get it after few months in your account.
      Regards

  62. Ramanpreet Kaur says:

    SIR,
    I'm e-filling my IT return using ITR1 utility software

    I've used prefill option to fill columns from previous ITR1

    SCH TDS1 section of TDS tab was automatically updated / filled by the site with one entry/row having details of TDS deposited by my employer

    But column "Income under Salary " of section SCH TDS1 was automatically filled in which income under salary is different form form 16, but Tax deducted amount is same as form 16.

    I'm bit confused. Why is it so?

    Shall I keep "Income under salary" column of section SCH TDS1 value as it is? as it was automatically filled .

    OR

    I need to correct this value and fill Income chargeable under the head 'salaries' value from Form-16?
    For correction i have to file return under which section ?

    Plz help…………

    URGENT

    Thanks and regards,

  63. Hi Su Bha

    If you have been less than 5 years in previous job and withdrawan the PF then you should add it with your income.

  64. Hi Mahapatra Ji
    Please fill the interest of home loan in the column 'income from house property'. Don't forget to fill the value in negative ans you are giving away the interest. You can fill up to 1.5 lakh in this column.

    Regards
    Chandrakant mishra
    https://www.facebook.com/Planmoneytax

  65. Hi Dharm Raj

    1. In the page 'income details' give your salary excluding the advance.
    2. in the tax paid detail fill the income and taxes in two rows for satyam and tech mahindra. In the coumn 3 fill the income amount what you think is correct. While in coumn 4 fill the taxes you paid.

    You will get the tax refund :-)

    Regards
    Chandrakant mishra
    https://www.facebook.com/Planmoneytax

  66. Kapil says:

    Hello Sir,

    I bought an apartment last year and the developer on my behalf paid a 1% tds on the property do I have to include that details as well when filing returns.
    If yes then where do I fill these details?

    I have the form 16B with me.

    Regards

    • Hi Kapil
      You don’t need to mention it on your IT return. Since developer is getting money he should pay the tax. Government found it difficult to get the tax from developer after such purchases. Hence, government made it mandatory to Deduct tax at source. This means you the payee should cut 1% tds before the payment of house. It is not the part of your income. Rather the builder would show this TDS in his return. So don’t worry.
      Regards
      Chandrakant

  67. Hi Chandrakant,
    Need to know how to include deduction u/s 24-B (Interest paid on borrowed capital/home loan) in ITR-1 on line, since there is no entry of this section under deduction-headd ?

  68. Dharm Raj says:

    Hi Chandrakant,

    In this financial year i was given some extra salary which was refunded by me later (with in the financial year), but now my income from salary in form 16 and Tax paid document (Traces document provided by employer) are coming different. As tax was paid on the extra salary, My form 16 includes the deduction of extra salary but Tax paid document includes my extra salary paid.

    I have to use ITR1 form and income only from salary, so what should I fill in Income Details (B1) Income from Salary and TDS1 Income chargeable under head salary.

    There is 1 more problem – I am from Tech mahindra and last year Satyam and Tech mahindra was merged and became Tech mahindra, so till july salary came from Satyam and from August onwards from Tech mahindra, but company has generated single form 16 (combining both) but having 2 TDS document.(satyam and Tech mahindra)

    I used to file my Income tax my self but this is creating a problem for me, If you want I will provide you with my form 16 and TDS documents

    Regards,
    Dharm Raj

  69. Hemant says:

    Hi,

    I am filling Quick ITR for FY 13-14, in my from 16 there is 80CCE saving 100,000 (1L), but i am not able to find 80CCE in incometaxindiaefiling, i have also consulted with tollfree, but no help, please help.

    Thanks,
    Hemant

    • Hi Hemant
      Welcome to the site. Section 80CCE of IT act only says that tax saving through different investment can’t exceed more than the limit of 1.5 lakh (1 lakh for FY 13-14. Hence fill the total amount of 1 lakh in the column one that is for 80C. Go ahead.
      Regards
      Chandrakant

  70. Swati says:

    Hi Chandrakant,

    I have filed my returns even though I have 500 rupees to be paid as tax. What should I do now ? Pay my tax and e-file new returns again ? Or is there any other way around ?

    Thank You.

    Regards,
    Swati

  71. Samir says:

    I am working in a PSU. I went in a LLTC tour in the last week of March’2014. But, I did not get the TAX benefit in Form 16, issued by my company. Now, I want to avail that benefit in IT return. Where should I enter my traveling expenses in IT return. Pls help me.

    • Hi Samir
      You can deduct it from the income from salary amount while filing the tax return. But LTA have several conditions, check for them. Your employer should mention it in the form 16. However check the limit and condition and deduct it from your taxable income. Get the tax refund. :-)
      Regards
      Chandrakant

  72. Devdatta says:

    Hello Mr. Mishra,
    It’s a nice article explaining the ITR filing you have put. I had filed the return in previous years and find it ITR1 easy now.
    However, I have query on ITR2. I have shares of foreign company and sold them in FY13-14. Now as I understand, the gain will be calculated as of shares of unlisted company. How do we put this in ITR 2? whether it will be capital gains (LTCG) as Indian shares/asset in Schedule CG or in Schedule OS or Schedule FSI? It will be helpful if you can give the details.

    Thanks

  73. Anil says:

    Sir,
    I am a PSU employee with taxable income > 10 lakhs. I booked a flat in 2012 for which I have paid EMI from 2012. During filling of ITR for 2013-14 I couldn’t mention that. My question is
    1. which ITR has to fill this year to claim relief against Home Loan Interest paid from April-2013 to March-2014
    2. How can I get Income tax relief against my previous year’s home loan interest?

    • Hi Anil
      In both the cases file ITR1 only. Fill the home loan interest in negative in the ‘income from house property’ column.
      You can file revised return of FY 2012-13 using the ITR1. Do you have any other query? feel free to ask.

      Regards
      Chandrakant

  74. D.Singh says:

    Hi, I have earned interest 7000 INR on saving account & 24000 INR from auto sweep FD’s. My saving account interest is less than 10000 INR, So need to mention in other income by adding with 24000 INR or donot. Please reply.

  75. Ankit says:

    Hi Sir,
    I have some tax liability left after TDS, which form should I use to pay the self assesment tax and once I have paid it how to reflect it while filing returns so that my tax liability becomes zero while filing return.

  76. NataraJ says:

    While filling Tax for this year I mistakenly edited the tax deducted other than salary section, already I got the acknowledge number, how can we corrected again

  77. Aniket says:

    Hello

    I want to claim tax exemption under 80C for stamp duty charges (paid on 28th Mar 2013) , i understand there is no need to provide any supporting documents as an attachment while filing return.

    Regards
    Aniket

  78. Goyal M says:

    Hello Sir,
    I have a FD income of 70K and i am under 30% slab.
    Bank has deducted tax as per 10% tax calculation
    Now I have to pay remaining 20% tax.
    Ques:
    1. Should I declare “income from other source” as 70k or 60 k (70- 10k (10 k is free from tax ?))
    2. I am seeing that 234B and 234C interst is applied in return calculation? Do I liable to pay this extra interst amount?
    I want to understand what is the way to get rid of this from next time. Since bank will always deduct 10% and I always need to pay the extra amount late with interst panalty?
    How should i do from next time?

    • Devdatta says:

      I am not tax professional but based on my knowledge and experience I will try to answer this.
      1. FD interest income is not free from tax. Only thing is bank will deduct tax if it goes above 10K, that too 10% on whole amount. (e.g. if the interest is 11K, TDS will be 1100+ed.cess.) So you will have to show full 70K as income from other source. Show the TDS amount by Bank in TDS section and remaining amount you have to pay before filing the return.
      2. As I understand, tax if more than 10K should be paid as advance tax by 15th Mar of that FY, else interest penalty is applied. Hence, you can calculate approximate interest for the year (some banks provide that details too) and pay the tax before 15th Mar.

  79. Goyal M says:

    Hello sir,
    I have a query:
    I have 70k income from FD interest. Bank have deducted 10% tax. And I am in 30% slab.
    So now I have to pay remaining tax of 20% on this.
    So ques:
    1. Should i declare the income from other sources as 70k or 60k(70k – 10k (Up to 10K is free from tax))
    2. Also in calculation there is 234B and 234C interest is getting added automatically, Am I liable to pay interest on tax?

  80. Abhishek says:

    Dear Sir,
    Thanx for your kind step by step guidance….. I’ve a home loan and I’m not getting it what to put in deduction under section 24(b), do I’ve to put interest paid during financial year or full interest paid from the date of borrowing the loan?
    Do I need to consider tax on interest paid on my salary account or any other saving account?
    Grateful if u can guide on these doubts.

    Thanx,
    Abhishek

  81. prince says:

    Hey,

    I have income from home tutions and house rent income only. Can you please suggest which ITR form to use? Thanks.

  82. Poornima JM says:

    Hello Sir,

    My father is a state government employee and received gratuity amount and in his FORM 16, the gratuity amount is declared under the salary column and is income tax has been deducted from his Gratuity. Kindly let me know if we need to receive the revised form 16 or not. And how to file an income tax with gratuity received and request for refund of the income tax deducted.

    Thanks & Regards,
    Poornima JM

  83. Krishna Patil says:

    Hello,

    I received form 16 A for TDS for interest on fixed deposit. The interest amount is Rs. 3500 but the tax deducted is Rs. 1400. I fail to understand why so much tax was cut even when interest doesn’t exceed Rs.10000.

    1> Can I claim a refund through ITR 1 ?

    2> If yes, then how should I fill ITR 1 so that I get the refund?

    3> Should I fill the amount of Rs.3500 in the column of income from other sources( Column B3)?

    Regards

  84. Selvamani says:

    Hi Chandrakanth,

    Thanks for your service. Actually I have a tax payable amount of Rs.2630 ; but i efiled it already thinking that i can make the payment later. now what should i do?. Thanks in advance for your reply

  85. Su Bha says:

    Hi,

    while filing returns, the Tax Details tab automatically shows the pf income from my previous employer as 30k and TDS for that as 4500. Should i add 30k also as 'Income from slary' along with income from my current emplyer, while declaring income?

  86. Saurav Jain says:

    One more question sir , when i saw my Form 16 ,it also didn't include HRA exemption ,actually i forgot to provide that also.

    Is it possible while filing returns I can mention those and deduct the amount from taxable income?

    If yes do i need to send those rent receipts to IT department ?

    please advise.

  87. Umesh Gupta says:

    Hi Chandrakant Mishra Sir,
    Thanx for your detailed reply.
    I have already subscribed to the Newsletter.
    I will definately share the procedure at your site.
    U. K. Gupta

  88. Atul Bhegade says:

    Hello Chandrakant Sir,

    I entered wrong Assessement year i.e 2013-2014 and now my form is in draft mode. can i delete this draft. or can i change Assessement year to 2014-2015?

    Thanks,
    Atul.

    • Hi Atul
      You don’t need to delete it. If you don’t submit the form, it will not be counted. After some days it gets deleted automatically. File fresh ITR form with correct AY and submit that.
      Regards

  89. Chandrashekara Kanakapura Venkatasubbaiah says:

    Sir,
    Is it mandatory to file Income Tax Return through a CA or TRP if the Taxable income exceeds a certain limit (say, 10 lakh rupees or 20 lakh rupees)?
    Dr Shekar

  90. Hi Saurav you can add LIC premium amount in 80C column. You will get the refund. Cheers!

  91. HI Umesh
    1. You need not to pay interest if you pay it before the 31st July.
    2. Please give me some time to tell the step by step procedure. Do subscribe the planmoneytax newsletter you will know whenever I write. In the meantime you can submit your tax through this link. https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp

    P.S. – If you learns tax deposit online. I would be happy if you can contribute in my site. Many people will benefit.

    regards

  92. Hi Kar

    File revised return. The procedure is same. Only you have to choose revised option in column A23. Send revised ITR-V to CPC.
    Regards

  93. Hi Ajay pass
    You can go ahead.

  94. venkatesh says:

    chandrakanth Sir,
    Wrongly without entering amounts i filed ITR I FORM and got ITRV document also.
    Now how to enter the amount and refile it pl help me in this matter,ASAP

    • Hi venkatesh
      There is nothing to worry. Take a deep breath and smile. You should again file the revised return by going through the same procedure. Only you need to choose revised in the column A23. Send the ITRV of revised return only.

      Regards
      Chandrakant

  95. Meenu Goyal says:

    Gangadharan Karan yes sir i agree.. but should i pay tax on that accrued interest or let the system deduct it…

  96. Nidhi says:

    I am unable to find form 26 AS. Please suggest a workaround

  97. GEORGE says:

    Details for TDS2 are picked up from Form 26 AS which is still more useful for those who use this efiling page. Do we have to fill the few blanks columns of TDS2 like ‘unique TDS Certificate no. deducted year.

  98. Tax applies to amount exceeding 10K. Same is true for FD interest too. the maount in excess will attract TDS @ 10% if PAN is registered with account. else 20%

  99. Vikash Kumar says:

    Dear Chandrakant,

    I am a salaried employee and have self assessment tax of around 21000 for Assessment year 2014-15. I have also paid it through challan 280 via my ICICI Bank. I was wondering how can we make a reference to this challan while filling up ITR1 as there is a section to fill self assessment tax, but no place to write the details of the challan I paid.

    Please help…

    Kind Regards,
    VIkash Kumar

  100. Saurav Jain says:

    Hello Sir,

    Actually I have a question regarding tax filing , earlier this year I forgot to provide the LIC policy details to my employer ,so they were not included in the Form 16.

    Now is it possible i can furnish those policy details under 80C while filing the tax ? Or do i have to take any other step ?

    Please advise.

    Thanks

  101. Kar Kuzhali V N says:

    Hello Sir,
    Wrongly without entering amounts i filed it and got ITRV document also.
    Now how to enter the amount and refile it pl help me..

  102. Ajay Pass says:

    Dear Sir,

    Can I include both PF withdrawal & Gratuity amount received from my ex-employer ( I quit the job) in ITR2 under 'schedule EI' in the section 5.

    Thanks in Advance
    Ajay

  103. Umesh Kumar Gupta says:

    Hi Sir,
    Thanx for your quick reply to my query raised yesterday regarding non-deposit of tax before e-filing ITR.
    There is a few more questions on the same subject.
    1. My ITR shows that a tax of Rs 30,000/- is yet to be paid by me. My question is as to whether any interest is also required to be paid by me on and along with this amount. If yes, how to calculate the amount of interest due, to be added?
    2. How should I deposit the amount so arrived at through internet banking? Please tell me the step by step procedure.
    Kindly guide.
    Umesh Kumar Gupta

  104. Surya Chandra says:

    Thanks Chandrakant. The article was very handy while filing my returns

  105. Umesh Gupta says:

    Hi Sir,
    Thanx for your quick reply to my query raised yesterday regarding non-deposit of tax before e-filing ITR.
    There is a few more questions on the same subject.
    1. My ITR shows that a tax of Rs 30,000/- is yet to be paid by me. My question is as to whether any interest is also required to be paid by me on and along with this amount. If yes, how to calculate the amount of interest due, to be added?
    2. How should I deposit the amount so arrived at through internet banking? Please tell me the step by step procedure.
    Kindly guide.
    Umesh Kumar Gupta

  106. VARA PRASAD says:

    Hi Sir,

    I have made some charitable donations during last year which was not being considered in Form-16. Also, I have a house loan which is being jointly owned by me and my father. But, total EMI payments is being done by me only. Because of this, only half of the Interest is being considered for deduction. Would like to know whether I can claim full deduction.
    So, now while filing IT-Return, do i need to attach any documents for claiming Tax refunds.

    Regards,

    Vara Prasad

  107. Umesh Kumar Gupta says:

    Hi Sir,
    I have just submitted my ITR online and have received my ITR-V.
    I have made a mistake that there is some Tax yet to be paid/deposited by me, which according to your advice should have been paid first before filing the ITR online. What should I do now? Kindly guide.

  108. Meenu Goyal says:

    hello
    i m a bank employee… i have receiived my form 16. my interest on my fixed deposits is not over 10k.. hence no tax has been automatically deducted from it from bank' system… but my interest certificate is showing some accrued interest.. nw my question is.. do i have to include such interest also in my earning and pay tax on it??? it yes then what will happen when my fixed deposit matures and at dat time tax wil be deducted automatically by bank's system. so will be able to get refund of this tax deducted???

  109. Hi Kiran

    In the quick file method there is only two options for everyone.
    Regards
    Chandrakant Mishra

  110. Hi Gautam
    I can empathize with your wish. We should get some refund as we give our time to filing the return. Some people gets.
    But unfortunately in your case you will get anything except email of income tax return intimation.
    Regards
    Chandrakant

  111. Ankit says:

    Hi Sir,
    I have worked for 2 employers in this financial year, hence have 2 form 16 details to fill. Can you please let me know how to go about it. Thanx in advance

    • Hi Ankit

      This is not a problem. In the income from salary column you should fill the total from both the form16. For 80C value you should take the value from both the form16 and fill the total value.

      In case of TDS details you should fill the tax deduction from both the employer. In SCH TDS 1 you should fill the tax deduction detail from the first form 16. Then add another row and fill the tax deduction by the second employer. That’s it. You are done. Now you can enjoy a hot coffee in this wet weather. 

      Regards
      Chandrakat
      http://www.facebook.com/Planomoneytax

  112. Kiran Rao says:

    Hi Chandrakant,

    For me it is showing only 2 options "ITR Form Name:-> ITR-1 & ITR-4S", for everybody only these 2 options are available ?

  113. Gautam Raj says:

    Hi Chandrakant,

    Thanks for such a valuable information.

    I filled my ITR and the ITR-V I got, there my tax payable and refund is showing zero. Is it possible that tax payable and refund could be zero? Am i going to get any return if my tax payable and refund is zero?

    Thanks & Regards
    Gautam raj

  114. Gautam Raj says:

    Hi Chandrakant,

    Thanks for such a valuable information.

    I filled my ITR and the ITR-V I got, there my tax payable and refund is showing zero. Is it possible that tax payable and refund could be zero? Am i going to get any return if my tax payable and refund is zero?

    Thanks & Regards
    Gautam raj

  115. Sushil Kumar says:

    HI Chandrakant

    I am filling e-fill for 2014-15, want to know in the second page, how to calculate , B1(Taxable salary in head salaries)

  116. Ashutosh says:

    Dear Sir,
    I have to fill IT return for AY 2014-2015, but i got confused which form should i fill ITR1 or ITR2?
    My bank interest+ FD interest is approx. 1, 20, 000. Should I fill this value in ITR1 under “Income from other sources” and claimed the benefit of Rs. 10000 under the 80TTA. It means 1,20,000-10,000 = 1,10,000 will be net interest on which I have to pay tax? Is my approach correct?
    Please advice/

    thanks and regards
    Ashutosh

    • Hi Ashutosh

      You are absolutely right. Please Go ahead. Do you find online filing process easy?

      Regards
      Chandrakant

    • Ashutosh says:

      Dear Sir,
      The step by step process illustrated by you is very easy and clears every doubt.
      Thank you for your advice.
      One more thing i would like to known is is the meaning of Column D22: Exempt income only for reporting purposes (if exempt income is more than 5000 use ITR2). Here what is the meaning of exempt income more than 5000. Is it include bank interest more than 5000?
      Please clarify?
      thanks and regards
      Ashutosh

      • Hi Ashutosh
        The exempted income is dividend and agriculture income. These are taxfree income. But you should report.

        Regards

        • Nav says:

          Dear Chandrakant Mishra sir,
          Thank you for your help..
          I also have similar question.. I want to file tax return online for financial year 13-14…
          I have earned interest from bank — around 1 lac and
          tax deducted is around 10,000 Rupees..

          I want to file tax return only for this — I have nothing else.. no employment in india — no other income in india..

          In this case, which one should I use?
          1) Quick e-File ITR — online
          2) ITR 1
          3) ITR 2

          Thank you in advance…

  117. Brar says:

    I have some confusion in filling SCH TDS1 field – “Income from Salary (3)”.

    Online utility takes the value automatically from Form 26AS in this field and it is not same as “Income Chargeable under head salary” amount from Form 16 which is

    entered in B1.
    Automatically taken figure is net taxable income.

    What value SCH TDS1 should contain?

    Explanation:

    Item no. 6 in Form 16 i.e. Income chargeable under Head Salaries(3-5) is the amount entered in B1 field of return form.
    This amount is before Housing loan interest deductions and before deductions under chapter VIA.
    While automatically populated Salary Income in SCH TDS1 from form 26AS is net taxable income after Housing loan interest and chapter VIA deductions are subtracted.
    e.g.
    Income Chargeable under Head Salaries – Rs. 5,80,000 /-. This is filled in B1.

    Deductions under chapter VIA Rs. 1,00,000 / -
    Net Taxable income Rs. 4,74,000 /-

    Now B1 value is Rs. 5,80,000/-
    I see that automatic value picked from Form 26AS is Rs. 4,74,000 /- in SCH TDS1 income column.

    What value SCH TDS1 should contain? I have spoken to an executive at TPRS helpline 1800-10-23738 and he suggested me not to change to automatically picked up value. I am confused now.

    What value SCH TDS1 should contain?

    Thanks and Regards

    • Hi Brar

      Indeed this is small thing. The value it picks automatically is the ‘income from salaries’ of the previous return. You have to change it with increased salary (Yes, Salary must have increased :-) ). Similarly the forth column also takes the value from the previous return. Change it with the latest total TDS. Now you will see everything goes right.You can check it with previous return.

      Cheers
      Chandrakant Mishra

      • Brar says:

        Sir, I have checked my previous return. This value does not match with the value in same column of previous return. This value is from 26AS of AY-2014-15 (i.e. Value after subtracting ‘Deductions under chapter VI-A’ from ‘Income under head salaries’)

        • Ok Brar Sahab

          This section is to be filled by you. Take your form 16 or TDS challan. search for the taxes paid and the taxable income. Fill them in column. That is it.
          Regards
          Chandrakant

  118. amit says:

    hello

    I am filing return of this year, where should i put rent amount in investment

    • Hi Amit
      Let me explain the rent exemption in detail.

      Your expense on the rent is because of the job. If you don’t have the job you might live in your own house. Therefore you can deduct rent portion from the salary before producing it for taxation.
      But this deduction can’t be arbitrary. Your employer earmarks some portion of the salary for rent payment. This portion of the salary is called HRA (house rent allowance).

      Again, you can’t claim whole of the HRA for the deduction. There is a formula for considering rent deduction from the salary. This would be minimum of the following three options:
      Actual house rent allowance received from your employer
      Actual house rent paid by you minus 10% of your basic salary
      50% of your basic salary if you live in a metro or 40% of your basic salary if you live in a non-metro
      Now what you have to do?
      If you are salaried person and have the form 16, forget about the rent exemption. In the form 16 the company puts taxable income after deducting all the exemptions. you have to fill the taxable income in the ITR 1.

      Regards
      Chandrakant

      • By calculations, It seams that there is some amount of rent I can ask for tax exemption. I am salaried person and have form 16. Why I cant ask of rent exemption ? Is there no way to file it.

  119. simple methad and easy thanks for you

  120. Poo says:

    Hi i would like to know whether saving bank
    account interest under section 80 TTA is applicable to salaried tax slab above 5 Lakhs?

  121. Rajvir Bains says:

    Dear Chandrakant
    Thanks for such a detailed explanation. I have filed the IT return for A.Y. 2013-14 on 05-08-2013.
    I am working with govt. sector. All my TDS were deducted and deposited on time. But after filing the IT return I got a demand for Rs 2160 under 234B Interest as Interest payable. I talked to CA and he told that demand under 234B Interest is for advance payment of tax which is not applicable in my case as I am in govt job and my TDS is deducted and deposited on time. I have called CPC no. of time but they say call after 7 days but after 7 days they again say call after 7 days.
    Due to this I am stuck and my ITR is incomplete till this day.
    I will be very thankful if you take me out of this quagmire.

    Regards
    Rajvir Bains
    Chandigarh

    • Hi Rajbir
      Don’t worry, If you have paid all taxes fairly then you should remain tension free. Write a registered letter to your assessment officer giving all the details and tell him about your employment.
      Also Do you have any other income in any previous year. It may happen that you have paid tax late in any previous year.
      Thanks

  122. Hi Rakesh

    You have got the gratuity amount and I assume that the amount would be according to the rules. This amount is exempted for tax purpose. Therefore you have to only mention this amount while filing tax return. You should use ITR2 and fill this amount under 'schedule EI' in the section 5.

    Regards
    Chandrakant Mishra

  123. Dear Chandrakant! Thank u very much for detailed and stet-by-step explanation by you… it is indeed very helpful for us….
    I have 1 question…. I resigned from prev com on 15th May 2013 and got 1.1 lac as gratuity …. where shuld I show this amount in above ITR and how exemption gratuity can I have. OR do i have to submit some other ITR ? Pl. explain…
    Regards
    Rakesh Sharma | Manager (IT) | Dalmia group

  124. Pankaj Hotwani says:

    Hi,

    While filing the returns online, I went in “Quick e-File ITR” and selected “ITR-1″ as the form name but when I tried to fill the income details under “Income Details” tab, I found that there are no fields available online to enter deduction fields related to Section 10 like Allowance, Medical Reimbursement, LTA, etc. I am stuck because of this since last 2 days and even tried to get help from the customer care of https://incometaxindiaefiling.gov.in but got no help. Can you help me on how can I put the information related to Section 10 allowances? May be I am missing something here.

    Looking to get your views on this.

    Regards,
    Pankaj H.

    • Hi Pankaj
      Do you have Form 16 with you. If not you should get that. In the form 16 go the head ” income chargeable under the head of salaries’. It should be section 6. In this section the specified amount is after the considering those exemptions. Hence you have not to worry for that.
      If you have any further query please feel free to ask.

      Regards
      Chandrakant
      Like planmoneytax facebook page

  125. Nanthakumar says:

    I am a govt. employee.I did not pay advance tax for 2013-2014 i.e up to 15th Sep. and 15th Dec2013. But paid advance tax Rs.10300 in Jan2014. My TDS was Rs.20009. While efile my return, in prepare and submit online return, I entered all details. The Total tax payable is shown correctly as 20009 as in form 16. After that it populated amounts in interest payable U/S 234B and 234C as 600 and 730 respectively. But I have corrected to zero as it is editable. Is my action correct or not?. if I submit efile, will it be correct at this stage? or will it attract the sections U/C 234B and 234C and get notified by ITD. What should i do? whether I have to pay Int.payable u/s 234b and 234c before e filing? then How to calculate them ? and How to Pay online?

  126. Nehal says:

    My annual salary is 3.5lakh and i got my form 16 from my company. Other than income i got 2000Rs from dividend of mutual fund and other stocks.
    I have to file my ITR 1, but i am not sure in which section should i put dividend amount in ITR-1 form.

  127. Mohsin Imam says:

    Hi chandrakant,
    i have Rs 7000 in PF deduction which is mentioned in FORM 16 but my LIC premium of 100000 is not mentioned there as i did not inform to my Finance.So plz tell me how to fill ITR.?
    Can i show Rs. 107000 as 80C deduction and send the xerox of LIC premium receipt along with ITR receipt?

  128. Rohit says:

    Hi Chandrakant,

    I Filled ITR for AY 2014-2015. After filling ITR i come to know that amount of medical exmption (Rs 5036) is not considered in form 16 for exemption under section 10. 16. Please let me know what i should do.
    Thanks,
    Rohit

    • Hi Rohit
      You can file revised return including medical exemption. Fill again the return as i have told.After column 21 there is column where you have to choose the revised instead of orginal. In column 23 give details of your previous faulty return. also You have to fill the medical exemption. All other process remais remain same.

      Regards
      Chandrakant

  129. M Jason says:

    I filled in the Income details as per the Form 16 that I received from my employer. But D9 to D11 (Total Interest u/s 234A, 234B, 234C) were automatically populated with values hence Total Tax & Interest differs from what I have in Form 16 to what the system generated. I have the option to change the values for D9 to D11. Should I make them as Zero and proceed? Request you to let me know how to proceed further. Thanks in advance.

    • Sujoy says:

      Hi Jason,
      Once you have filled in your TDS part, these fields will be automatically adjusted and set to zero

  130. Anonymous says:

    Hi Chandrakant

    I have a couple of questions.

    1. Does money received from freelancing work come under Other as well? This is apart from the Salary received from Employer.
    If yes, then how does that affect the filling up of the form.

    2. If investments are not declared to the employer early on then how to go about claiming the refund?

  131. ChandraKant Upadhyay says:

    I filed my ITR for FY-13-14 online. I got some interest( more than 10,000) on SB account which I declared under 80TTA and under other source income. While pay self assessment tax, I just chose a wrong Challan,instead of INCOME-TAX (OTHER THAN COMPANIES) challan no. 280, I paid it through 282( Interest tax). Now, after 10 months, I have received a notice for IT department under section 143 saying your ITR is not matching please pay the deficient amount(my self paid tax is not considered, instead, the same is demanded). However, the notice does say that amount X is miss matching under 300 major head and 24 minor head.
    Please advice me what should I do to change the minor and major heads rectified to 300 and 21( non-companies).

    Warm Regards
    Chandra Kant Upadhyay

    • Hi Chandrakant
      हवन करते हाथ जल गए!

      Now your redress authority is the assessing officer of income tax department. It is better to give a reply of your notice, apologizing for your inadvertent mistake. Attach proof of of your tax payment as well. The application will do the job, don’t worry.

      Regards
      Chandrakant
      Like Facebook page of planmoneytax

  132. Nishant says:

    Hi, I am working as full time employee with a company from feb-2013, I have some 4.2 Lac CTC.
    i also do some part time work for an indian client, i have received a total payment of around 1.5Lac from part time work directly in my account in 2013-14.
    I have also borrowed some money from friends (20 k approx) in my account.

    1) Do i need to pay tax for full time income + Part time work + borrowed money.

    2) There is no TDS for the part time work, how to mention the part time income while filling ITR?

  133. S Natraj says:

    I learnt today from IT website that my IT refund through SBI failed on 23.01.2014 and I discovered that this was owing to an error in bank IFSC code specified in my IT return that I e-filed. Please advise me whom to contact to rectify the error in IFSC code?

  134. Rajunanda says:

    Hi,

    I would like to thank you.
    I try it for the first time and its work.
    Your step by step snap shots really help.

  135. raman kumar says:

    i filing my income tax return . how we get e filing password if i not a register person .

  136. Girish says:

    Hi, I have 3 Queries. Would be greatful if you can help.
    1. I have 2 From-16 in the AY 13-14. the first company has considered a 80C deduction of Rs. 16164 and the 2nd company has considered a 80C of Rs.1 Lakh. Do I need to make any alteration in teh “income chargeable under the head salaries” section?
    2. I have done the quick e-return filing but have realized that i need to make a change in the total taxable income. I have not yet sent the ITR V by post. Should i file for a revised return?
    3. The TDS section of the Quick e-file is pre-filled & the although the Tax deductions (column 5) are matching with Form 26As, the column 4 (“income chargeable under the head salaries”) amounts do not match. Should I just fill from Form 16?

    Thanks again!
    GP

    • Chandrakant Mishra says:

      Hi Girish

      1 – You can’t claim 80C deduction more than one lakh rupees. Check if you have claimed same amount or different expense/investment in both the companies. Again when you fill the return. you have tile give your total income (from both the companies)in a financial year. Your investment deduction will be also the total amount.
      2- You should file the revised return and then send the revised ITR-V.
      3- TDS section shows your previous year details. Many times it remains same that is why it is filled. But you should go to your form 16 of both the companies and fill the details separately in two rows. As your both the companies must have different TAN and Name.

      Cheers

  137. Dinesh says:

    Hai sir,
    I have filed my returns online. I entered wrong account no my ITR status was processed .and Refund send out to banker then refund unpaid..Kindly help me please what should i do for get my Tax Returns..

    • Chandrakant Mishra says:

      Hello Dinesh
      You have landed yourself in some problem. I will advise if it is a small amount then don’t bother. Else you have to visit income tax office, submit an application with the affidavit after that wait for the refund. This process will take time as well as you have to spend some money also.

  138. Anonymous says:

    Got it. Thanks mate.

  139. Ashish Singhi says:

    Thanks. It really helped.
    One question : I did not take the print out of ITR-1 before submitting, is there any way I can take it now ? I did not fill ITR-V infact I did not get the get the option to select it. So what should I post now ?

    It will very helpful if you can reply the above question by tomorrow, since tomorrow is the last date to file ITR.

    Regards
    Ashish

    • Chandrakant Mishra says:

      There is no need to take print of ITR-1. ITR-V would have been mailed to you also. check your inbox. You can also download it from your efiling page. Don’t Worry, You have already submitted your return before deadline. Now you have 120 days to send signed ITR-V.

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