5 Major Points to consider during Income Tax Return Filing online


If you are a salaried person, you must have got your Form 16 from your company if the whole income is more than Rs 5 lakh one has to compulsorily go for e-filing. Additionally, payment of taxes becomes much quicker when you choose for e- filing.

These days one has several opportunities through which they can file returns. One can either just opt for the tax department’s portal or can take the guidance of many other online platforms with more useful interfaces. 

However, whichever choice you prefer, here are 5 things that are to keep in mind while registering returns online.

  • Form 16

Usually while filing the returns online, one has to manually enter the numbers, although there are situations which enable the user to upload the Form 16 and quickly choose the figures from it. In both instances, one should double-check the figures and make sure they are right.

There is normally a miscalculation within “net income” and “gross income”

Gross Income – Deductions = Net Income

Although the tax is added on the net income, you still require to report the Gross Income in your ITR form. If you are registering ITR-1, you can quickly show the gross salary bifurcated into salary under section 17(1), 17(2) and 17(3) and give the allowances spare under section 10 individually. However, if you are registering ITR-2/3, it is compulsory to give bifurcated salary components i.e. basic, HRA, DA, etc from the annual year.

Taxpayers usually get involved between exempt and nonexempt wages and skip deductions. They should indicate whether the PF and HRA results have been reported accurately. In case of a job switch, they should present the proof of investments to their company. They should also double-check that their Form 16 has the right company name, address and TAN.

  • Which ITR form to fill

In most of the online platforms, the applications get automatically chosen based on the data provided by the user. But, on some platforms, you may need to understand which particular form is for you. Choosing the incorrect form may indicate an error in registering returns and expect you to register again.

You may have benefits or income from payroll or salary only but you can’t file ITR 1 if you possess more than one house or possess capital gains or losses ITR 2 will be filed in this situation.

If you hold income from profession or business and opt for possible taxation i.e. 44AD, 44ADA/44AE then you can register ITR-4. But along with it, if you possess capital gains or losses or income from more than one house property, ITR-3 will be appropriate.

  • TDS and Form 26AS

Your TDS (Tax Deducted at Source) will be expected to get deducted by multiple sources- your company or bank or a business. If they all declared Form 16 (employer) or TDS records, you will do well to guarantee that they tally with the Form 26AS. Form 26AS can be availed and downloaded from the official site. The income tax department’s e-filing site also implements a link. It can be observed in the Text/HTML/PDF format.

  • Representing Income from Other Sources and Capital Gains

The main task was deciding out Form 16. After that, it’s just simply copying figures on the ITR Form. But in fact, you have income from different sources you want to be extra careful. Recently, the department has become careful and you may finish up with a notice. Further, income from other causes is a residuary head of income. All income other than income from payroll, home property, company and profession or property gains is included under ‘income from other sources’. Typical incomes below this title incorporate interest on the bank or other securities, taxable profits, income from securities by way of interest, income from subletting, family pension, etc.

One should not jump recording income from another house, even if it is not paid out as you have to pay tax based on “Deemed Income”. Taxpayers also make errors in head capital losses or gain capital gains or losses have to be listed in Schedule CG of form ITR 2.

  • How to e-verify

There is no case in filing the returns timely if you choose for confirmation through sending a physical representation of ITR and the ITR-V doesn’t reach the department within the specified time that is, within 120 days of registering the returns. You won’t make your payments and your returns won’t be deemed legitimate if the department does not get an approved copy of the ITR-V in the provided time.
Instead of sending the physical proof of the ITR V to the CPC(Central Processing Centre) in Bengaluru, a person can e-verify by connecting the Aadhaar or through net banking. For Aadhaar-linked confirmation, one has to be filed on the e-filing site and connect his Aadhaar number. One must also hold the Aadhar number while filing the income tax return as the most current government report has received out that the taxpayers must connect their Aadhar number at the time of filing the income tax returns online and also request it while applying for a new PAN card. Once the validation is done, an OTP will be created, which will be posted on your Aadhaar enrolled mobile number, which will be confirmed for the next 10 minutes. This will be expected while e-verifying your ITR-V.


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