Guide to prepare and file income tax returns online

Guide to prepare and file income tax returns online

File and Prepare Income Tax Return (ITR) 

Everything you need to know about Income Tax Returns

An income tax return is the summary of your income earned in a financial year, on which you will pay tax due.

There are 8 different income tax return (ITR) forms a taxpayer can file, depending on the source of income

You can e-file income tax returns with ClearTax in a single click. It automatically chooses the right Income Tax Return Form for you, as you fill your income details

After filing your income tax returns, you can also check for income tax refund status 

What documents do I need?

To start e-filing, it will help to have all information ready, so you can e-file as quickly as possible. Use our checklist below to prep for e-filing your income tax return in the shortest time ever.

View your tax credit statement of Form 26AS to ensure that the TDS deposited by your employer matches the amount on your Form 16. In case it doesn’t match, you can get a notice from the IT department.

You can claim deductions even if you forgot to submit proof to your HR. Deductions under section 80C, 80G can be claimed while filing income tax returns.

Interest up to Rs. 10,000 on savings accounts and fixed deposits is exempt from tax.

Ready your profit and loss statement, balance sheets or audit reports before you begin e-filing, if applicable.