How to File ITR Online – Step by Step Guide to E-file Income Tax Return for FY 2024-25 (AY 2025-26)

Filing Income Tax Returns (ITR) is a mandatory requirement for individuals meeting specific income and financial criteria. The process has been simplified through online platforms, making it easier for taxpayers to fulfill their obligations efficiently. This guide provides a step-by-step approach to filing ITR online for the financial year 2024-25 (assessment year 2025-26).

What is E-Filing?

E-filing refers to the process of submitting an income tax return electronically through the official Income Tax portal. Taxpayers can log in using their Permanent Account Number (PAN) and access features that streamline the tax filing process.

Step-by-Step Process to File ITR Online

Step 1: Log in to the E-Filing Portal

1. Visit the official Income Tax e-filing website.
2. Enter your PAN as the User ID.
3. Input your password and captcha code to log in.

Step 2: Navigate to the ‘File Income Tax Return’ Section

1. Click on the ‘e-File’ tab.
2. Select ‘Income Tax Returns’ and then click on ‘File Income Tax Return.’

Step 3: Choose the Appropriate Assessment Year

1. Select ‘Assessment Year’ as AY 2025-26 for FY 2024-25.
2. Choose whether you are filing an original return or a revised return.

Step 4: Select Your Filing Status

1. Choose from the applicable options: Individual, Hindu Undivided Family (HUF), or Others.
2. Most individual taxpayers should select ‘Individual’ and proceed.

Step 5: Select the Correct ITR Form

1. The appropriate ITR form depends on your income sources.
2. Individuals and HUFs can use ITR-1, ITR-2, ITR-3, or ITR-4 based on their income type.
3. For instance, ITR-2 is suitable for those with capital gains but no business income.

Step 6: Provide the Reason for Filing ITR

Taxpayers must specify the reason for filing, which can include:

• Taxable income exceeding the exemption limit.
• Meeting specific criteria set by the tax authorities.
• Other applicable reasons.

Step 7: Validate Pre-Filled Information and Enter Additional Details

1. The system auto-fills details such as PAN, Aadhaar, bank details, salary income, and tax deductions.
2. Verify and update income details, exemptions, and deductions as required.
3. If any tax is due, proceed with payment before submission.

Step 8: E-Verify Your ITR

1. E-verification must be completed within 30 days of filing to validate the return.
2. Verification options include:
   • Aadhaar OTP
   • Electronic Verification Code (EVC)
   • Net Banking
   • Sending a signed physical copy of ITR-V to CPC, Bengaluru.

Why is Filing an ITR Important?

Even if your income is below the exemption limit, filing an ITR offers several benefits:

• Proof of income and net worth.
• Required for applying for loans and credit cards.
• Essential for visa applications.
• Necessary for obtaining term insurance and government tenders.

Documents Required for ITR Filing

To file an ITR seamlessly, keep the following documents handy:

• PAN and Aadhaar card.
• Bank statements.
• Form 16 (for salaried individuals).
• Investment proof (e.g., donation receipts, insurance policy receipts).
• Stock trading statements (if applicable).
• Interest certificates from banks.
• Aadhaar-linked mobile number for e-verification.

How to Download a Copy of Your Filed ITR

1. Log in to the e-filing portal.
2. Click on ‘View Returns/Forms.’
3. Select ‘Income Tax Returns’ and the assessment year.
4. Click on the acknowledgment number to download the ITR-V.

By following these steps, taxpayers can ensure a hassle-free e-filing experience and remain compliant with tax regulations.