If you earn above Rs 5 lakh, you have to file returns electronically but even if you earn less try to fill income tax return online
as it's easy and also give you clear picture of all your previous tax details through various option like Form 26AS
File your Income Tax Return Online without download any Excel Based Utility for the Assessment Year 2015-16
Income Tax Department has come up with a New user friendly online Income Tax Return filing tool. Unlike the tools provided earlier in which we have to fill up an offline Excel sheet, the new Income Tax tool has a neat online interface for filling up and saving data at once. Undoubtedly, the new online Income Tax Return filing facility is user friendly and professional.
We could see that presently this online tool is applicable only for ITR-1 and ITR-4S. We hope to Income Tax Department would extend this online tool to ITR-2 also in the near future.
While many of the salaried employees finished ITR filing as the deadline for the same is round the corner, some of the employees who have taxable income not more than Rs 5 lakh were waiting for income tax notification for exempting them from filing income tax return like previous years.
But income tax department has clarified that there will not be any exemption this year for salaried employees from filing income tax return. The main reason putforth by income tax department for for not extending exemption from filing income tax return is enhanced and user friendly e-filing features have been provided in the official income tax website which would facilitate all salaried employees to file their IT return online