File Your Salary Income Tax for FY 2019-20

#LittleSavings

From the recent changes(2019) in the filing of income tax format, one can now easily file IT returns, with the help of Form 16. Now both has been made look similar and easy to fill in the columns of the income tax portal. 

Deadline for filing Tax - Nov 30th

Although the deadline is far away, file your income tax as early as possible. If you miss the deadline, there will be penalty levying from INR 5,000 - 10,000.


The following are the steps to be followed to file income tax with the portal.

Step 1 - Open the following website link - https://www.incometaxindiaefiling.gov.in/
Login with your corresponding credentials. Hope you are already registered.

Step 2 - Find the Dashboard and Select on the “Filing of Income Tax Return” tab after login.

Step 3 - Select the appropriate fields if you are filing tax for this Financial Year.
Note: ITR -1 should be selected if you are salaried employee. 

You need to fill the six tabs to complete the income tax filing. Please have your Form 16 before filing the income tax in portal.

Step 4 - First, Refer to the section 3 - Total amount of salary received from current employer in Form 16, and fill the same in the B1(a) Gross Salary section under Computation of Income Tax

 Step 5 - Enter Deductions of Tax on employment under section 16(iii) into Professional tax u/s 16(iii).

Note that Standard Deduction is auto-filled by the system.

Step 6 : If you have any house property under mortgage and is self-occupied, please enter the Interest payable on borrowed capital under B2(Type of house property) with the 8th row - Total amount of other income reported by the employee(in Form 16).

Step 7 -  The total deductions under 80C can be filled in this Part C column.

80C covers your PPF, EPF, Home Loan Principle etc.,

Step 8 - The Tax on Total Income will be auto-calculated and should tally with your Form 16.