Basic Help Guidelines For Income Tax Return Filing

Guidelines For Income Tax Return Filing

31st July is the yearly deadline for income tax Retrun filing and the calendar has already turned to March. This article is dedicated to the taxpayers as last minute tax filing guidelines so that you don’t miss out any important section. 31st July deadline is specified for salaried individuals and partners of the business firm with a turnover less than 1 Cr.

Basic Help Guidelines For Income Tax Return Filing

The first important thing to know before Income tax return filing is to choose the correct ITR form according to taxpayer category you are falling in. Here are the must know ITR Forms with category explanation so that you can decide the suitable one for you.

  • ITR1 Sahaj form: For individual who earn through salary/pension/one house property.
  • ITR2 form: Any individual who earns from other sources besides the ITR-1 earning category must use this form for tax return filing. The income source must not include any professional gain or profits.
  • ITR3 form: An individual who is a partner in firms and their taxable income is calculated on the basis of loss/profits of the business which excludes bonus/salary/commissions/other interests.
  • ITR4 form: Individuals who run a proprietary business.
  • ITR4S form: Individuals who do income tax return filing on the basis of Presumptive Taxation Scheme.

The next important thing to check is to mention the correct PAN details and make sure that you are entering the correct PAN number as quoted on your PAN Card. The next thing to do is to mention correct TAX Credit Information during tax return filing which you can get from the Form 26AS. This form can be obtained online from the income tax department’s official website. The Form 26AS has the information regarding TDS, TCS, self-assessment tax, Advance taxes / regular assessment tax, and refunds details if any issued. You can refer to the official website to get accurate guidelines for income tax filing.

Also, remember to check the bank details and income from other sources details. Bank details are very important as in case if you are eligible for receiving any refund, it will be credited directly to your primary bank account. The bank details you need to mention are Bank Account Number and the MICR Code and BSR Code during tax return filing. Also, must remember to mention details of income you earn from other sources such as capital gain, mutual funds, insurance policies, interests on savings deposits, or other business income, details of foreign income, foreign assets.

Now the reward part where you can claim deductions while income tax filing up to INR 2.5 lakhs on your taxable income by showing your tax saving investments as Tax Saving Funds Can Save Bigger on Income Tax Return. The deductions are provisioned under Section 80C, 80D, and much more. And the most important thing is to not miss the deadline of tax filing date as mentioned for various taxpayer category. Also, the final good thing is you can do tax return filing online by sitting at home in just a few minutes.

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All India ITR
All India ITR, one of India’s leading tax prep websites offering personal tax solutions focussing on income tax return filing through tech platforms, be it the web, Android or iOS, is dedicated to making tax returns as easy and convenient and yet as complete as possible. With value added services to help maximise tax savings and minimise tax outgo and tax investment advice the comparative advantage of specialization allows us to uniquely serve our clients. All India ITR is certified to conduct E-return intermediary services by the Income Tax Department of India.


  1. Interestingly enough, i saw this blog and though i read with much anxiety.This is the blog that i needed and i have been searching for such blog from a very long time now but today finally i found it and that to even in such an easy language which was really easy for me to understand and very easy to learn from it.Through this i came to know about Basic Help Guidelines For Income Tax Return Filing. Appreciable work
    And expecting more like this…

  2. Thanks this blog has really helped me alot. This really helps and tells a process that is required to fill up an Income tax return. This blog tell us step by step how we should fill taxes and yes it is also easy to understand. Each and every details have been mentioned in simple and clear language.
    i would prefer anyone to have a eye on it to clear all their doubts. The best thing about this blog is that we can get every information hear only. we shoud not go on different side to search about itr. Great work keep it up.It tell breifly and accurately about taxes. The blog is very detailed and the way it explains the things is very easy to understand and to retain it really helps a person on how to fill up the ITR and how to enquire about it. Great work from ALL INDIA ITR since it is a very well written and a very useful blog.

  3. This is very basic and information article that help me to know more about filing returns or at what ways it files that it will be done in effective and effecient manner, It very clear to understand and in very short time you will know all the basic thingd that required about the all ITR form 1 to ITR form 4, great work al;l india all india itr well appreciate yoyr work. keep it up


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