Wednesday, 29 July 2015

What information do I require to file my Income Tax Return on my own?

Basic information and documents you need to file your Income Tax Return:

1. PAN and User ID, Password for the e-Filing Home Page, Income Tax Department. In case you don't already have a password, please register on the website with your details first.
2. Bank Statements for the relevant financial year
2. TDS Certificates given by your employer in Form 16 or others in Form 16A
3. Details of other incomes that you may have earned during the year such as rental income from house property, capital gains on sale of property, etc.
4. Details of payments eligible for deduction such as life insurance premium paid, medical insurance premium paid, house tax receipt, donation receipts, etc.

You can download the template of the Excel utility of the relevant Income Tax Form from the Income Tax Department's website as linked above and fill in all the information in it.

This year, you are also required to fill in details of all bank accounts in your name and even your Aadhaar and Passport numbers.

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