Income Tax E Filing 2.0

What is Income Tax E-Filing?

E-Filing of Income Tax is an upgraded version of the previous e-filing portal with several improvements.

Some of these upgraded features are as follows:

• Enhanced security features

• More user-friendly interface

• Faster processing times

E-filing 2.0 has become increasingly popular due to its convenience and efficiency, allowing individuals and organizations to submit their paperwork easily from anywhere.

Features of E Filing 2.0 Portal

Some features of the Income Tax E Filing portal are mentioned in the table below:

• Simplified registration process: The new portal offers a streamlined registration process, making it easier for taxpayers to create an account.  

• User-friendly dashboard: The dashboard provides a clear and concise overview of all your tax-related activities, including pending actions, documents, and interactions with the Income Tax Department.  

• Pre-filled forms: The portal pre-fills information based on the data available with the Income Tax Department, reducing the time and effort required to file your returns. 

• Offline utility: You can now prepare your ITR offline using the provided utility and then upload it to the portal.  

• Enhanced security measures: The portal has implemented robust security measures to protect your personal and financial information.  

• Aadhaar linking: You can link your Aadhaar card with your PAN card on the portal, adding an extra layer of security.  

• Pre-validation of bank accounts: The portal allows you to pre-validate your bank account details, ensuring that your refunds are processed accurately and efficiently.  

• Quick processing of returns: The portal is designed to process your income tax returns faster, leading to quicker refunds.  

• Integrated ITR processing unit: The portal is integrated with the ITR processing unit, ensuring seamless and efficient processing of returns.  

• Free ITR preparation software: The portal provides free access to ITR preparation software, making it easier for taxpayers to file their returns.  

• Multiple payment options: You can pay your taxes online using various payment methods, including credit card, debit card, net banking, UPI, and RTGS/NEFT.  

• Call center services: The portal offers dedicated call center services to assist taxpayers with their queries and grievances.  

• Grievance redressal: You can submit grievances and track their status on the portal.  

• Communication with Income Tax Department: You can communicate with the Income Tax Department directly through the portal.

Registration Process on E Filing Services Portal (Individual Taxpayers)

Here are the steps for registration on the E Filing Income Tax Department portal:

Step 1: Visit the Income Tax eFiling website - https://www.incometaxindiaefiling.gov.in/.

Step 2: Press the “Register” tab available on the right-hand side of the screen

Step 3: Select your user type as applicable among the following:

• Individual

• Other than Individual'

Click on the “Continue” button to proceed.

Step 4: Fill in the required details such as:

• PAN

• Name

• Date of Birth

• Contact Information: Phone Number and Email ID

• Click 'Continue'

Step 5: An OTP will be sent to the registered mobile number and email ID. Enter the OTP to verify your contact information.

Step 6: Set a password for your account and select a security question and answer

Step 7: Fill in your profile information such as your address, bank account details, and Aadhaar number (if applicable)

Step 8: Complete the registration process by clicking the 'Submit' button.

Procedure for Income Tax E Filing Online 2023-24

Keep these points in mind for E Filing of Income Tax for FY 2023-24:

• Individual taxpayers must calculate their tax from the income from all the sources as per their income tax slab rates.

• Consider your Tax Deduction at Source (TDS Online Payment) or Form 26AS and tax deductions under the sections like Section 80C, Section 10(10D), and Section 80EE of the Income Tax Act, 1961.

• Select the right ITR form for Salaried Individual Taxpayers.

• Only ITR 1 and ITR 2 forms are available to file online; other forms are uploaded from offline XML file.

• If you are a new user, register yourself on the website by following the registration process mentioned in the next section.

Filing Income Tax Returns Online Using E Filing 2.0 Portal

Step 1: Go to the Income Tax e-filing website at https://www.incometaxindiaefiling.gov.in/

Step 2: If you are an existing user, log in to your account using your user ID (PAN) and password

Step 3: Select the 'e-File' option and click on 'Income Tax Return' from the drop-down menu

Step 4: Select the following relevant details: 

• Assessment Year 2024-25 (for the Financial Year 2023-24)

• ITR form name

• ITR Form Submission Mode (Online/ Upload XML)

Step 5: Fill in the following required information in the relevant sections of the form:

• Personal details

• Income details

• Deductions

• Income Tax Payments

Step 6: Verify the information and make sure there are no errors or discrepancies

Step 7: Click on the 'Preview and Submit' button to review

Step 8: If everything is in order, click on the 'Submit' button to file your Income Tax Return

Step 9: Once the return is submitted, an acknowledgement number will be generated, which can be used for future reference

Step 10: You can also verify your return using any of the following available e-verification options to complete the filing process: 

• Aadhaar OTP

• Net banking

• Bank account

• Demat account

Eligibility Criteria for E Filing Return 

The eligibility criteria for E Filing Income Tax Department ITR portal are listed below:

Important Dates for E Filing 2023-24 (AY 2024-25)

The important dates for E Filing Income Tax for the Financial Year 2023-2024 and Assessment Year 2024-25 are listed in the table below:

How to Check E Filing of Income Tax Status Online?

You can check your Income Tax Return (ITR) filing status online through the Income Tax Department's official website:

• Go to the Income Tax e-Filing website and register yourself: https://www.incometaxindiaefiling.gov.in/home

• Login using your user ID (PAN) and password

• Once logged in, click the 'View Returns/ Forms' option under the 'Dashboard' menu.

• Select the relevant Assessment Year and ITR form number.

• Click on the 'Submit' button.

• The ITR status of your ITR filing will be displayed on the screen. 

If your income tax returns have been processed, you can see your ITR refund status, if any.

Benefits of Using E Filing 2.0 Portal

Some benefits of using the income tax E Filing 2.0 Portal are listed as follows:

• User-friendly interface: The new portal of E Filing of income tax has a modern and easy-to-use interface that makes it easier for taxpayers to file their returns.

• Mobile-responsive design: The portal is mobile-friendly, meaning taxpayers can access and file their returns from their smartphones and tablets.

• Faster ITR processing: The E Filing services portal is expected to process returns much faster than the previous portal, meaning taxpayers can expect quicker refunds.

• Pre-filled tax forms: The portal will now pre-fill the tax forms with details such as PAN, Aadhaar, and bank account information, making it faster and easier for taxpayers to file their returns.

• 24x7 Chabot assistance: The E Filing 2.0 portal has a Chabot available 24x7 to assist taxpayers with any queries they may have while filing their returns.

• Single dashboard for all services: The portal provides a single dashboard for all services related to Income Tax, including ITR filing, e-verification, and rectification.

In Brief

The E Filing Income Tax Department 2.0 Portal is a significant upgrade over the previous version. It offers faster processing, pre-filled tax forms, 24x7 Chabot assistance, and a single dashboard for all Income Tax-related services. The portal's mobile-responsive design and online tax payment facility make it easier for taxpayers to file their returns, leading to a more streamlined and efficient tax filing process.