Income Tax e-Filing Made Simple

Filing your Income Tax Return (ITR) is a critical responsibility for every taxpayer in India, ensuring compliance with the nation’s tax regulations. Income tax filing involves reporting all sources of income, deductions, and tax liabilities to the Income Tax Department accurately. Timely ITR e-filing not only avoids last-minute technical issues but also helps prevent errors and potential penalties.

Taxation Point India simplifies the entire ITR filing process, making it quick, accurate, and hassle-free. Our platform provides step-by-step guidance, from auto-fetching pre-filled data to helping you select the most suitable tax regime. Whether you are an individual or a business owner, our user-friendly system ensures your taxes are filed correctly and on time.

Experience a seamless e-filing process with Taxation Point India and eliminate the stress of tax season.

5 Simple Steps to File Your ITR Online

• Quick Login/Signup: Create or log in to your account in seconds.
• Select Income Source: Salary, business income, capital gains, and more.
• Auto-Filled Data: Pre-filled details from the IT Department for faster filing.
• Compare Tax Computation: Choose between the old and new tax regimes.
• File ITR & Confirm: Submit your return and receive confirmation from the IT Department.

What is an Income Tax Return (ITR)?

An Income Tax Return (ITR) is a form used by taxpayers to report income details, tax payments, and deductions to the Income Tax Department. There are seven ITR forms—ITR 1 to ITR 7—each applicable to different taxpayer categories, income sources, and financial situations. Filing your ITR accurately and within the prescribed deadlines is essential to remain compliant under Indian tax laws.

Who Must e-File an ITR in India?

• Salaried Individuals: Income above the basic exemption limit.
• Self-Employed Professionals: Freelancers, consultants, doctors, lawyers, and independent professionals.
• Business Owners (SMEs & MSMEs): All business entities, irrespective of profit or loss.
• Directors & Partners: Individuals with directorship or partnership roles.
• Dividend, Interest & Capital Gains Earners: Income from investments or capital transactions.
• NRIs & RNORs: Non-resident Indians and residents not ordinarily resident with income or foreign assets in India.
• Foreign Asset Holders: Indian residents with foreign assets or income.
• High-Value Transaction Individuals: Large bank deposits, foreign travel expenses, or high electricity bills.
• Tax Refund Claims: Filing required to claim excess tax refunds.
• Charitable & Religious Trusts: Required to file annually for financial transparency.

Income Tax Filing Eligibility in India

You must e-file your ITR if your gross total income exceeds the basic exemption limits, which vary by age and tax regime.

Old Tax Regime

• Below 60 years: Rs. 2,50,000
• 60–80 years: Rs. 3,00,000
• Above 80 years: Rs. 5,00,000

Income Tax Slabs (Old Regime)

• Up to Rs. 2,50,000 – Nil
• Rs. 2,50,001 – 5,00,000 – 5%
• Rs. 5,00,001 – 10,00,000 – 20%
• Above Rs. 10,00,000 – 30%

New Tax Regime (Budget 2025)

• Up to Rs. 4,00,000 – Nil
• Rs. 4,00,001 – 8,00,000 – 5%
• Rs. 8,00,001 – 12,00,000 – 10%
• Rs. 12,00,001 – 16,00,000 – 15%
• Rs. 16,00,001 – 20,00,000 – 20%
• Rs. 20,00,001 – 24,00,000 – 25%
• Above Rs. 24,00,000 – 30%

Other Circumstances Requiring ITR Filing

• High-value transactions (bank deposits, foreign travel, electricity bills)
• Business turnover exceeding Rs. 60 lakh or professional gross receipts above Rs. 10 lakh
• TDS/TCS exceeding prescribed limits

ITR Filing Deadlines for FY 2024-25

• Individuals & Entities (Not under Tax Audit) – September 15, 2025
• Tax Audit (excluding Transfer Pricing) – October 31, 2025
• Taxpayers under Transfer Pricing – November 30, 2025
• Revised/Belated Return – December 31, 2025

Documents Required for ITR Filing

• General Documents: PAN, Aadhaar, bank account details
• Income Documents: Salary slips, Form 16/16A/B/C, rent receipts, Form 26AS
• Deductions & Exemptions: LIC premiums, PPF, NSC, ELSS, home loan details
• Capital Gains & Other Income: Sale statements, rental agreements, foreign income proofs

How to e-File ITR in India

Offline to Online Method:

• Download the correct ITR form from the IT portal.
• Fill the form offline using Excel/Java utility.
• Save the form in XML format.
• Upload XML to the e-filing portal.

Online Filing Method:

• Log in to the e-filing portal.
• Select the assessment year and filing mode.
• Choose the taxpayer category and appropriate ITR form.
• Review pre-filled data and edit if needed.
• Confirm details and make tax payment, if applicable.
• Submit the return and e-verify using EVC, Aadhaar OTP, or signed ITR-V.

Revised, Belated, and Updated Returns

• Revised Return: Correct errors or omissions; file by December 31 of the relevant assessment year.
• Belated Return: File after the original due date but before December 31; late fees may apply.
• Updated Return (ITR-U): File missed income or corrections within four years; cannot claim refunds but helps regularize tax liability.

Track Your ITR Filing Status

• Log in to the Income Tax e-filing portal.
• Navigate to ‘View Filed Returns’ under e-File > Income Tax Returns.
• Check the status: e-verified, processed, or under processing.

Effortless ITR Filing with Taxation Point India

Taxation Point India makes ITR filing simple and stress-free. With pre-filled data, expert guidance, and step-by-step support, we ensure accurate and timely submission. Compare tax regimes, choose income sources, and file your return in just a few clicks. Let us handle the complexities of tax filing, while you focus on your business and personal priorities.

✅ Start your ITR e-filing today with Taxation Point India—your trusted partner in tax compliance!