How to file ITR for Salaried Employees

Is ITR Filing Compulsory for Salaried Persons?

Answer

If Employee’s Gross Total Income upto 250000 ITR Filing is Compulsory.

If Employee’s Gross Total Income upto 250000

No need to file ITR

(Gross Total Income=Income from Salaries+ All other Incomes)

However Deductions(Section 80C) etc are not reduced while calculating GTI

(Although ITR Filing is not compulsory If GTI upto 250000,some employees do file it as it is easier to apply for Foreign VISA and Bank loan if ITR is filed)

If Employee’s Gross Total Income > 250000

1. Income Tax Return is compulsory even if no tax payable if GTI >250000
2. ITR Form Normally filled is ITR 1 and in some cases ITR 2
3. If TDS deducted by company, then TDS Certificate in Form 16 to be taken from company to file ITR
4. It is compulsory for Company has to give this TDS Certificate by 31 May of next year
5. (For Financial Year 2017-18,it is to be given by 31 May 2018)
6. ITR is to be filled by taking help from Form 16,Other Income and Savings not disclosed to employer also to be filled in ITR
7. In case tax is payable, first tax is paid through Challan 280 and then Return is filed

What Documents are required for ITR Filing?

Answer

1. Income tax login ID Password OR  Pancard, Aadhar Card 
2. Form 16 (If Salary is Deducted)
3. Bank statement
4. Previous Year ITR (If any)

How to Fill ITR for Salaried Persons?

Answer

There are 2 methods

1. Offline then Upload
   In this we need to Download and Fill Java or Excel Utility
   We can download it from here
   
   
   
   
   
   Click income tax preparation utilities
   
   
   
   
   
   ITR Shows
   
   
   
   
2. Direct Online
   In this we can Login at income tax website and fill by using options
   
   Fill details then click login button
   
   
   
   Click Filling of Income tax return
   
   
   Fill Online ITR