ITR filing last date: New income tax regime vs old; check calculator and steps to file Income Tax Return online

ITR filing Last Date: Indian citizens who have income above the basic exemption limit of Rs 2.5 lakh per annum are required to file Income Tax Return.

ITR filing Last Date: The new assessment year will start on April 1. (Representative image from Pixabay)

ITR filing Last Date: The last date to file an Income Tax Return (ITR) for FY 2022-23 is July 31. However, it has been a common practice by the government to extend the last date, at least once. Last year, the government extended the last date, which was July 31, to September 30.

The Central Board of Direct Taxes (CBDT) has notified the new ITR forms for assessment year 2023-24. The new assessment year will start on April 1. Indian citizens who have income above the basic exemption limit of Rs 2.5 lakh per annum are required to file ITR. However, citizens having taxable income up to Rs 5 lakh have to pay no tax.

ITR Last Day: Income Tax Rates For FY 2023-24 (New Regime)

Income tax slabs (Rs)	Income tax rates TRENDING NOW
0 to Rs 2.5 lakh	No tax
Rs 2.5 to Rs 5 lakh	5% above Rs 2.5 lakh
Rs 5 lakh to Rs 7.5 lakh	Rs 12,500 + 10% above Rs 5 lakh
Rs 7.5 lakh to Rs 10 lakh	Rs 37,500 + 15% above Rs 7.5 lakh
Rs 10 lakh to Rs 12.5 lakh	Rs 75,00- + 20% above Rs 10 lakh
Rs 12.5 lakh to Rs 15 lakh	Rs 1,25,000 + 25% above Rs 12.5 lakh
Above Rs 15 lakh	Rs 1,87,500 + 30% above Rs 15 lakh

ITR Last Day: Income Tax Slabs and Rates for FY 2023-24 (Old Regime)

Income tax slabs (Rs)	Income tax rates
Rs 2.5 lakh	NIL
Rs 2.5-5 lakh	5% above Rs 2.5 lakh
Rs 5-10 lakh	12,500 + 20% above Rs 5 lakh
Above 10 lakh	Rs 112,500 + 30% above Rs 10 lakh

ITR filing: Documents required

Salary slips
Aadhar Card, PAN card
Bank and post office savings account passbook, PPF account passbook
Form-16 or TDS certificate is issued by an employer. It provides details of the salary paid to an employee and TDS deducted on it, if any
Form-16A, if TDS is deducted on payments other than salaries such as interest received from fixed deposits, recurring deposits etc. over the specified limits as per the current tax laws
Form-16B from the buyer if you have sold a property, showing the TDS deducted on the amount paid to you
Form-16C from your tenant, for providing the details of TDS deducted on the rent received by you, if any
Form 26AS - your consolidated annual tax statement. It has all the information about the taxes deposited against your PAN
a) TDS deducted by your employer
b) TDS deducted by banks
c) TDS deducted by any other organisations from payments made to you
d) Advance taxes deposited by you
e) Self-assessment taxes paid by you
Tax-saving investment proofs
Proofs to claim deductions under section 80D to 80U (health insurance premium for self and family, interest on education loan)
Home loan statement from bank.

How to file ITR online

Step 1: Visit the Income Tax e-Filing portal - https://www.incometax.gov.in/iec/foportal/

Step 2: Log in to the e-Filing portal by entering your user ID (PAN), Password, Captcha code and click 'Login'.

Step 3: Click on the 'e-File' menu and click the 'Income Tax Return' link.

Step 4: Click on 'Continue'

Step 5: Fill all the applicable and mandatory fields of the Online ITR Form.

Step 6: Choose the appropriate Verification option in the 'Taxes Paid and Verification' tab.

Step 5: I would like to e-Verify

Step 6: I would like to e-Verify later within 120 days from date of filing.

Step 7: I don't want to e-Verify and would like to send signed ITR-V through normal or speed post to "Centralized Processing Center, Income Tax Department, Bengaluru - 560 500" within 120 days from date of filing.

Step 8: Click on 'Preview and Submit' button, Verify all the data entered in the ITR.

Step 9: 'Submit' the ITR.

Step 10: On Choosing 'I would like to e-Verify' option, e-Verification can be done through any of the following methods by entering the EVC/OTP when asked for.

Step 11: The EVC/OTP should be entered within 60 seconds else, the Income Tax Return (ITR) will be auto-submitted. The submitted ITR should be verified later by using 'My Account > e-Verify Return' option or by sending signed ITR-V to CPC.

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