Online ITR 2014-15 (A.Year 2015-16) launched by Govt

Online ITR 2014-15 (A.Year 2015-16) launched by Govt – ITR-1 – Sahaj, ITR-2 and ITR-2A are meant for Salaried Employees

After Paper forms of Income Tax Returns (Manual filing of ITR) on 23rd June 2015, Income Tax Department has launched online ITR 2014-15 (Assessment Year 2015-16). Among many types of income tax returns ITR-1, ITR-2, and ITR-2A are applicable to Salaried Employees including all Cental Government Employees and Pensioners.

Though an individual or an entity who have Taxable Income exceeding Rs. 2.5 lakh but not Rs. 5 lakh lin the year 2014-15 have the option of filing Inocme Tax Return either online or manually, filing of Income Tax Return online is mandatory for Income Tax Payers with total income (taxable income) exceeding Rs. 5 lakh.

Check the following link for more details on rule position regarding mandatory filing of ITR online

Who should file ITR online this year on the basis of Total Income ?

Check the following link to know the type of ITR, a Salaried Emplyee should choose among ITR-1, ITR-2, and ITR-2A.

Which Income Tax Return (ITR) should I Choose ?

Also check the following link to get the step by step procedure to filing ITR online

Check this previous article of GConnect to get step by step procedure to file ITR-1 online

Full Text of Income Tax Department’s press release for launch of online ITR software

Electronic Filing of Income Tax Returns for 2015-16 Commences; ITR 1-Sahaj, 2 and 2A can be Used by Individuals or HUF Whose Income Does not Include Income from Business;

ITR 4S – SUGAM can be Used by an Individual or an HUF Whose Income Includes Business Income Assessable on Presumptive Basis; Taxpayers Requested to E-File Their Returns Early to Avoid the Rush Closer to the Last Date of Filing. 

The Income Tax Department has released the software for preparing the Income Tax Return forms 1- SAHAJ, 2, 2A and 4S- SUGAM for AY 2015-16. The e-filing of these return forms has been enabled on the e-filing website-https://incometaxindiaefiling.gov.in.

ITR 1-SAHAJ, 2 and 2A can be used by individual or HUF whose income does not include income from business. ITR 4S – SUGAM can be used by an individual or HUF whose income includes business income assessable on presumptive basis. The elaborate details of the persons who can use these forms are available in the instructions for filling the forms.

The facility for pre-filling of information for these return forms is available in the software for preparing the return forms. When the taxpayer exercises this option and just fills in his PAN, then personal information and information on taxes paid and TDS will be auto-filled in the form. Taxpayers are requested to use the return preparation software available free of cost under the ‘Downloads’ section on the home page of the Income Tax Department’s e-filing website-https://incometaxindiaefiling.gov.in. The use of Departmental software will ensure preparation of error-free returns thereby avoiding any need for future rectification due to data validation mistakes.

Taxpayers are requested to e-file their returns early to avoid the rush closer to the last date of filing.
Source: PIB