Step 1: Collect Required Documents for ITR Filing: Start by gathering essential documents like Form 16, PAN card, Aadhaar, salary slips, Form 26AS, Annual Information Statement (AIS), and investment proofs under Section 80C, 80D, 80G, etc. These are crucial for accurate and hassle-free ITR filing for salaried employees in Maharashtra.
Step 2: Choose the Correct ITR Form (ITR-1 Sahaj): Most salaried taxpayers in Maharashtra should use ITR-1 (Sahaj) unless they have additional income from capital gains, house property, or foreign assets. Selecting the right Income Tax Return form ensures quick and smooth processing.
Step 3: Login to the Income Tax e-Filing Portal: Visit the official Income Tax Department website at incometax.gov.in. Use your PAN-based login ID to access the portal and begin the online ITR filing process in Maharashtra.
Step 4: Review Form 26AS and AIS Reports: Download and verify your Form 26AS and Annual Information Statement (AIS) to ensure accurate reporting of TDS, interest income, and high-value transactions.
Step 5: Fill in Income and Deduction Details: Enter details such as gross salary, HRA, standard deduction, LTA, bank interest, and tax-saving investments under Section 80C, 80D, and 80G to claim all eligible deductions.
Step 6: Calculate Tax Liability or Refund Amount: Use the built-in income tax calculator to compute your total tax payable or refund amount. This helps ensure that your ITR calculation is accurate based on your income tax slab.
Step 7: Submit Your Income Tax Return Online: After validating all entries, submit your ITR form electronically through the e-filing portal. Make sure there are no errors to avoid notice or delay.
Step 8: Complete e-Verification of ITR: E-verify your return using Aadhaar OTP, net banking, bank account EVC, or Demat account. This is a mandatory step to complete your ITR filing for salaried individuals in Maharashtra.
Step 9: Track ITR Filing Status & Tax Refund: After submission, regularly check the ‘ITR Status’ section on the e-filing portal to track the progress of your return and monitor income tax refund status.
