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This Article is From Aug 18, 2016

Step by Step Guide to File Income Tax Return Online

Step by Step Guide to File Income Tax Return Online
If your income is above Rs 5 lakh, you have to e-file the income tax return.

E-filing or electronic filing of return is the process of filing income tax return through internet. E-filing of return is easy, convenient and time-saving. If your taxable income for the year is above the exempted limit of Rs 2,50,000 in a year, you are required to file an income tax return in India. And if your income for the year is above Rs 5 lakh, you have to e-file your return. The last date of filing income tax return is generally July 31 every year. You still have a lot of time so why keep it for the last moment. Follow these easy steps and e-file your income tax return.

Here is a 10-point guide:

1) To e-file your income tax return, you will have to register yourself on the Income Tax Department's website using your personal details. Your permanent account number (PAN) will be your user ID.

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