The last date for ITR filing is July 31, 2022.

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The last date for filing income tax for the last financial year is approaching.

For the financial year 2021-22, taxpayers have to file tax returns by July 31, 2022.

Right now it is more than a month, but to avoid any hustle and bustle, it is important that you complete the paperwork of your IT return in time.

Every salaried citizen should file a tax return.

All the people falling above a particular tax slab have to pay tax to the government annually. 

Taxpayers falling in different tax slabs have to file tax in different ranges.

As the income of the taxpayer increases, his taxable amount also increases accordingly.

The Income Tax Department divides individual taxpayers into three categories- 

- Resident and non-resident taxpayers (under 60 years of age)

- resident senior citizens (people aged 60 to 80 years)

- resident very senior citizens (people above 80 years of age)

Income Tax Slabs for FY22 and Assessment Year 23

In view of the crisis arising out of the epidemic in the year 2020, the government had decided not to make any changes in the income tax slab in the budget.

However, some exceptions were kept in the new slab.

According to this, such senior citizens of 75 years who depend on their pension and interest received on their income, were exempted from filing tax returns.

In this case, TDS will be deducted automatically by the bank.

How to file Income Tax?

The good thing is that filing income tax has become much easier than before.

Long queues and deadlines don't bother you anymore.

Now taxpayers have the facility of e-filing.

The Income Tax Department has launched a separate portal for this, where priority has been given to give a seamless experience to the taxpayers.

With the e-filing portal, you can file your return from your home or office in a very short time.

Here we are telling you some important steps related to filing return-

First of all go to the official website of Income Tax Department https://portal.incometaxindiaefiling.gov.in/e-Filing/UserLogin/LoginHome.html.

Here you have to log in with your PAN number (Permanent Account Number).

If you are registering for the first time then you have to register yourself first by going to New to e-filing.

If not, then you can log in by going to the option of Registered User.

- After New to e-filing, you have to click on User Type, where you will have to give details based on your PAN. 

After this, you have to verify it by filling your registration form.

After verification, you will be registered, then you can log in and file your return.

To file ITR, you must first select the correct form.

Form ITR-1 has to be filed in case of individuals having income from individual (salary), pension income, income from a house (a property) or income from other sources (other than lottery).

At the same time, in case of capital gain i.e. capital gain, ITR-2 will have to be selected.

Choose ITR-2A in case of having more than one house, but there should be no capital gain in this case.

ITR-3, ITR-4, ITR-4S form is for businessmen and professionals.

Then file your return, give correct details of your income and investments.

During this time you will have to give relevant documents etc.

If your income is more than 50 lakhs, then you will also have to fill column AL, where you will have to give information about your assets and liabilities.

After filling the form, you will have to submit your form.

Your return, income tax and interest will be automatically calculated.

After submitting the return, you have to verify the return.

For this, you can take the help of Electronic Verification Code or Aadhaar OTP or Digital Signature Certificate. 

How to Download Tax Verification Form

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After filing the tax, the IT department generates the Income Tax Verification Form, so that you can check the validity of the e-filing.

However, it is required when you file your return without a digital signature.

To download the form, you have to go to the website of the IT department at this address- https://portal.incometaxindiaefiling.gov.in/e-Filing/UserLogin/LoginHome.html

Now here you can see your form by clicking on 'View Returns/ Forms' option.

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