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Filing Procedure & Compliance

How to File Income Tax Return (ITR) Online

Detailed procedural guidance on submitting your annual tax returns on the official Income Tax portal. Choose the right ITR form, reconcile AIS and Form 26AS, compute deductions, and complete instant e-Verification.

Official Security Notice:

MyBankIFSCCode is an educational portal. We NEVER request, collect, or store your PAN, Aadhaar, password, or financial records. File returns only on official government domains ending in incometax.gov.in.

Income Tax Department e-Filing Portal (Direct Access)

Access pre-filled returns, cross-verify TDS challans, and file online directly on the government e-filing server.

Verified Official Destination

https://eportal.incometax.gov.in

Open Official Income Tax e-Filing Portal

Opens the official Income Tax Department domain. MyBankIFSCCode is an independent information service and NEVER requests your password, OTP, UAN, or financial credentials.

Which ITR Form Should You File?

ITR-1 (SAHAJ)

Salaried Individuals & Pensioners

For residents having total income up to ₹50 Lakh from Salaries, one house property, other sources (interest etc.), and agricultural income up to ₹5,000.

ITR-2

Capital Gains & Multiple Properties

For individuals and HUFs not having income from profits and gains of business or profession. Ideal for stock market investors and property sellers.

ITR-3

Business & Professional Income

For individuals and HUFs having income from profits and gains of business or profession (proprietorships, audit cases, freelance consultants).

ITR-4 (SUGAM)

Presumptive Taxation Scheme

For resident individuals, HUFs, and firms having total income up to ₹50 Lakh and declaring income under presumptive tax schemes (Section 44AD, 44ADA, or 44AE).

5 Steps to Complete Your Online Tax Filing

1
Log in to e-Filing PortalAuthenticate at eportal.incometax.gov.in using your PAN as User ID and your secure password.
2
Select Assessment Year & Filing ModeNavigate to e-File > Income Tax Returns > File Income Tax Return. Choose Assessment Year 2026-27 and select "Online" mode.
3
Verify Pre-filled Data vs AIS & 26ASReview auto-populated salary TDS, bank savings interest, dividend payouts, and tax advance payments against your Annual Information Statement.
4
Confirm Tax Computation & Pay DeficitThe portal will compute your final liability under the chosen regime. If additional tax is payable, settle via e-Pay Tax.
5
Submit & e-Verify InstantlyChoose "e-Verify Now" using Aadhaar OTP to complete submission instantly. Download your ITR-V acknowledgement slip for records.

Frequently Asked Questions on ITR Filing

Which ITR form should I file for salary income?

Salaried individuals having total income up to ₹50 lakh from salary, one house property, and other sources (such as interest) should file ITR-1 (Sahaj). If you hold capital gains or multiple properties, file ITR-2.

How do I e-Verify my ITR without sending physical documents?

You can e-Verify instantly using Aadhaar OTP (mobile must be linked with Aadhaar), NetBanking login, Demat account EVC, or Bank Account EVC. Instant e-verification eliminates the need to courier physical ITR-V to Bengaluru.

What happens if I do not e-Verify my ITR within 30 days?

If an ITR is not verified within 30 days of filing, the return is treated as invalid (defective), as if it was never filed. You may face late filing fees under Section 234F.