{"id":3072,"date":"2022-03-29T10:30:21","date_gmt":"2022-03-29T10:30:21","guid":{"rendered":"https:\/\/cms.lxme.in\/how-to-file-your-income-tax-returns\/"},"modified":"2025-05-15T10:53:43","modified_gmt":"2025-05-15T10:53:43","slug":"how-to-file-your-income-tax-returns","status":"publish","type":"post","link":"https:\/\/lxme.in\/v1\/how-to-file-your-income-tax-returns\/","title":{"rendered":"HOW TO FILE YOUR INCOME TAX RETURNS?"},"content":{"rendered":"\n<p>Unlock the secrets of seamless<strong><a href=\"https:\/\/lxme.in\/how-to-file-your-income-tax-returns\/\" target=\"_blank\" rel=\"noreferrer noopener\"> <\/a>income tax return filing<\/strong> with our expert guide at LXME. Navigating through the complexities of tax season is now simpler than ever. In this blog, we demystify the process, providing clear steps and valuable tips on how to file your income tax returns effortlessly. Whether you&#8217;re a seasoned taxpayer or filing for the first time, our comprehensive insights ensure a smooth journey through the tax-filing process.<\/p>\n\n\n\n<p><em>Have you filed your income tax return yet? If you answered no or are curious to know about it, we\u2019ve got you covered the same in this article.<\/em><\/p>\n\n\n\n<p>To begin with, there are two ways for filing your income tax returns: online and offline. We&#8217;ll guide you how to e\u2013File your returns in this article.<\/p>\n\n\n\n<p>e-Filing is the process of filing Income Tax Returns (ITR) using the internet. The process of e-Filing an ITR is simple and may be done from the convenience of one&#8217;s own home or office. With that, there are several reasons why one must file their returns &amp; they are &#8211;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Easy Loan Approval<\/li>\n\n\n\n<li>Claim Tax Refund<\/li>\n\n\n\n<li>Income &amp; Address proof<\/li>\n\n\n\n<li>Avoid Penalty<\/li>\n\n\n\n<li>Carry forward of losses<\/li>\n<\/ul>\n\n\n\n<p>Not just that, e-Filing ITR can also help you save money because you won&#8217;t have to hire someone (i.e., a consultant or a professional) to file your ITR. Additionally, you can now file your taxes using the new income tax portal, which includes features such as access to a mobile app, several payment options, a single dashboard, and query support to ease the process.<\/p>\n\n\n\n<p>So before you file the returns, you\u2019ll need to register on the e-filing portal.&nbsp;Let\u2019s look at the step-by-step instructions for registering on an e-Filing portal \u2013<\/p>\n\n\n\n<p><strong>Step 1:<\/strong> Visit the <strong><a href=\"https:\/\/www.incometax.gov.in\/iec\/foportal\/\" target=\"_blank\" rel=\"noopener\">e &#8211; Filing website<\/a><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"538\" src=\"https:\/\/lxme.in\/wp-content\/uploads\/2022\/03\/income-tax-1-1024x538.jpg\" alt=\"Income tax return registration\" class=\"wp-image-8124\" srcset=\"https:\/\/lxme.in\/v1\/wp-content\/uploads\/2022\/03\/income-tax-1-1024x538.jpg 1024w, https:\/\/lxme.in\/v1\/wp-content\/uploads\/2022\/03\/income-tax-1-300x158.jpg 300w, https:\/\/lxme.in\/v1\/wp-content\/uploads\/2022\/03\/income-tax-1-150x79.jpg 150w, https:\/\/lxme.in\/v1\/wp-content\/uploads\/2022\/03\/income-tax-1.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Step 2:<\/strong> Register or Login (if you have already registered before) to e-File your returns.<\/p>\n\n\n\n<p><strong>Step 3:<\/strong> Click on \u2018Taxpayer\u2019 and then enter the details of your PAN and click on \u2018validate\u2019. Next, click on \u2018Continue\u2019. Further, you need to enter your personal details such as \u2013 name, address, gender, residential status, DOB &amp; etc.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1200\" height=\"630\" src=\"https:\/\/lxme.in\/wp-content\/uploads\/2022\/03\/income-tax-returns-image-1.jpg\" alt=\"income tax returns image\" class=\"wp-image-7155\"\/><\/figure>\n\n\n\n<p><strong>Step 4:<\/strong> Once done, you can provide your email address &amp; mobile number &amp; then verify the same by entering the OTP (One Time Password) that you have received over your registered email address &amp; mobile number.<\/p>\n\n\n\n<p><strong>Step 5:<\/strong> A new window will display when the OTP has been verified, inviting you to double-check the information you&#8217;ve provided. If any of your information is inaccurate, you can correct it, and a new OTP will be given to validate the same.<\/p>\n\n\n\n<p><strong>Step 6:<\/strong> The final step is to create a password and a secure login message, after which you will receive an acknowledgement message confirming that the registration procedure was successful.<\/p>\n\n\n\n<p>The next step after registering on an e-Filing portal is to login &amp; e-file your income tax returns \u2013<\/p>\n\n\n\n<p><strong>Step 1:<\/strong> Go to the official <strong>e &#8211; Filing website\u00a0 <\/strong>and click the &#8216;Login&#8217; button.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"538\" src=\"https:\/\/lxme.in\/wp-content\/uploads\/2022\/03\/income-tax-3-1-1024x538.jpg\" alt=\"Income Tax\" class=\"wp-image-8125\" srcset=\"https:\/\/lxme.in\/v1\/wp-content\/uploads\/2022\/03\/income-tax-3-1-1024x538.jpg 1024w, https:\/\/lxme.in\/v1\/wp-content\/uploads\/2022\/03\/income-tax-3-1-300x158.jpg 300w, https:\/\/lxme.in\/v1\/wp-content\/uploads\/2022\/03\/income-tax-3-1-150x79.jpg 150w, https:\/\/lxme.in\/v1\/wp-content\/uploads\/2022\/03\/income-tax-3-1.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Step 2:<\/strong> Thereafter, enter your Username, click on Continue, and then your Password.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"630\" src=\"https:\/\/lxme.in\/wp-content\/uploads\/2022\/07\/income-tax-4.png\" alt=\"income tax returns\" class=\"wp-image-3556\"\/><\/figure>\n\n\n\n<p><strong>Step 3:<\/strong> After logging into the portal, go to the &#8216;e-File&#8217; tab and then to &#8216;File Income Tax Return.&#8217;<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"630\" src=\"https:\/\/lxme.in\/wp-content\/uploads\/2022\/03\/income-tax-returns-image.jpg\" alt=\"income tax returns image\" class=\"wp-image-7152\"\/><\/figure>\n\n\n\n<p><strong>Step 4:<\/strong> Select the Assessment Year for which you wish to file your Income Tax Returns and click on \u2018Continue\u2019.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"538\" src=\"https:\/\/lxme.in\/wp-content\/uploads\/2022\/03\/income-tax-6-1024x538.jpg\" alt=\"Income tax return\" class=\"wp-image-8122\" srcset=\"https:\/\/lxme.in\/v1\/wp-content\/uploads\/2022\/03\/income-tax-6-1024x538.jpg 1024w, https:\/\/lxme.in\/v1\/wp-content\/uploads\/2022\/03\/income-tax-6-300x158.jpg 300w, https:\/\/lxme.in\/v1\/wp-content\/uploads\/2022\/03\/income-tax-6-150x79.jpg 150w, https:\/\/lxme.in\/v1\/wp-content\/uploads\/2022\/03\/income-tax-6.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Step 5:<\/strong> You&#8217;ll be asked whether you want to file your taxes offline or online. We have selected online, as the former takes a little more time than the latter.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1200\" height=\"630\" src=\"https:\/\/lxme.in\/wp-content\/uploads\/2022\/03\/income-tax-returns-image-1.jpg\" alt=\"income tax returns image\" class=\"wp-image-7155\"\/><\/figure>\n\n\n\n<p><strong>Step 6:<\/strong> Choose if you want to file your taxes as an Individual, a Hindu Undivided Family (HUF), or others. Here, we have selected &#8216;Individual&#8217; as an option.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"630\" src=\"https:\/\/lxme.in\/wp-content\/uploads\/2022\/03\/income-tax-returns-image-.jpg\" alt=\"income tax returns image \" class=\"wp-image-7153\"\/><\/figure>\n\n\n\n<p><strong>Step 7:<\/strong> Select the Income Tax Returns (ITR) that you want to submit. You can refer to the table given below to understand the ITR forms. Here, We have selected ITR Form 1. Once done, you need to fill in your details as per the form selected by you.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"630\" src=\"https:\/\/lxme.in\/wp-content\/uploads\/2022\/07\/income-tax-9.png\" alt=\"income tax returns ITR Form\" class=\"wp-image-3561\"\/><\/figure>\n\n\n\n<p><strong>Step 8:<\/strong> The following step will question you whether you filed your returns beyond the basic exemption limit (A basic exemption limit reduces the amount of income that is subject to Income Tax, for example &#8211; the basic exemption limit for individuals under the age of 60 is \u20b92,50,000 under the old tax regime) or because of&nbsp;Section 139&#8217;s seventh clause (1).The Seventh Proviso to Section 139(1) is all about the compulsory filing of return of income in case of high-value transactions or expenditure.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"630\" src=\"https:\/\/lxme.in\/wp-content\/uploads\/2022\/03\/income-tax-returns-e-filling.jpg\" alt=\"income tax returns e filling\" class=\"wp-image-7154\"\/><\/figure>\n\n\n\n<p><strong>Step 9: <\/strong>The last step is to fill in your bank details. And then, you will be directed to a new page to file your returns. There, you have to confirm the summary of your returns &amp; validate it. Once this process is done, you need to send the hardcopy of it to the IT Department.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"630\" src=\"https:\/\/lxme.in\/wp-content\/uploads\/2022\/03\/income-tax-returns-e-fillings-.jpg\" alt=\"income tax returns e fillings \" class=\"wp-image-7150\"\/><\/figure>\n\n\n\n<p>Yayy, and your Income Tax Return is filed!<\/p>\n\n\n\n<p><strong>Did you know?<\/strong><\/p>\n\n\n\n<p>If you are eligible to file your Income Tax Return &amp; you do not file the same, then a late fee upto \u20b9 10,000 or more will be charged.&nbsp;<\/p>\n\n\n\n<p><strong>*If you find difficulty in understanding any of the above-mentioned terms, you can drop a question on the BeingLXME community on the LXME App &amp; our Money Coaches will assist you further for your queries.<\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_75 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/lxme.in\/v1\/how-to-file-your-income-tax-returns\/#FAQs_%E2%80%93_Common_Questions_on_File_Your_Income_Tax_Returns\" >FAQs \u2013 Common Questions on File Your Income Tax Returns<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/lxme.in\/v1\/how-to-file-your-income-tax-returns\/#1_How_Can_I_File_My_Own_Income_Tax_Return\" >1. How Can I File My Own Income Tax Return?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/lxme.in\/v1\/how-to-file-your-income-tax-returns\/#2_When_Can_I_File_My_Income_Tax_Return\" >2. When Can I File My Income Tax Return?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/lxme.in\/v1\/how-to-file-your-income-tax-returns\/#3_How_to_File_Income_Tax_Return_for_2023-24\" >3. How to File Income Tax Return for 2023-24?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs_%E2%80%93_Common_Questions_on_File_Your_Income_Tax_Returns\"><\/span><strong>FAQs \u2013 Common Questions on File Your Income Tax Returns<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1695808763638\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"1_How_Can_I_File_My_Own_Income_Tax_Return\"><\/span>1. How Can I File My Own Income Tax Return?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>&#8211; Navigate the tax-filing process confidently with our step-by-step guide on LXME.<br \/>&#8211; Learn essential tips and procedures for a hassle-free experience.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1695808776152\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"2_When_Can_I_File_My_Income_Tax_Return\"><\/span>2. When Can I File My Income Tax Return?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>&#8211; Stay informed about the latest tax-filing timelines.<br \/>&#8211; Plan ahead and file at the optimal time to maximize benefits.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1695808788621\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"3_How_to_File_Income_Tax_Return_for_2023-24\"><\/span>3. How to File Income Tax Return for 2023-24?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>&#8211; Prepare for the upcoming tax year with LXME&#8217;s detailed instructions.<br \/>&#8211; Stay up to date on changes and nuances for the 2023-24 tax season.<br \/>Start your tax journey confidently with LXME&#8217;s expert advice.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n<p>To stay connected with&nbsp;<a href=\"https:\/\/www.financialexpress.com\/market\/cafeinvest-great-time-to-invest-money-anand-rathi-backed-lxme-tells-two-most-crucial-things-to-remember-interview-1941716\/\" target=\"_blank\" rel=\"noreferrer noopener\">LXME<\/a>&nbsp;and access inspiring content, follow us on&nbsp;<a href=\"https:\/\/www.instagram.com\/lxmeofficial\/\" target=\"_blank\" rel=\"noreferrer noopener\">Instagram&nbsp;<\/a>and subscribe to our&nbsp;<a href=\"https:\/\/www.youtube.com\/@LXMEofficial\" target=\"_blank\" rel=\"noreferrer noopener\">YouTube channel<\/a>.<\/p>\n\n\n\n<p><strong>If you found this helpful, share this blog with your friends and family!!<\/strong><\/p>\n\n\n\n<p><strong>Download the&nbsp;<a href=\"https:\/\/lxme.onelink.me\/95JV\/lxmewebsite\" target=\"_blank\" rel=\"noreferrer noopener\">LXME app<\/a>&nbsp;now to start investing!<\/strong><\/p>\n\n\n\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"FAQPage\",\n  \"mainEntity\": [{\n    \"@type\": \"Question\",\n    \"name\": \"How Can I File My Own Income Tax Return?\",\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"\u2013 Navigate the tax-filing process confidently with our step-by-step guide on LXME.\n\u2013 Learn essential tips and procedures for a hassle-free experience.\"\n    }\n  },{\n    \"@type\": \"Question\",\n    \"name\": \"When Can I File My Income Tax Return?\",\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"\u2013 Stay informed about the latest tax-filing timelines.\n\u2013 Plan ahead and file at the optimal time to maximize benefits.\"\n    }\n  },{\n    \"@type\": \"Question\",\n    \"name\": \"How to File Income Tax Return for 2023-24?\",\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"\u2013 Prepare for the upcoming tax year with LXME\u2019s detailed instructions.\n\u2013 Stay up to date on changes and nuances for the 2023-24 tax season.\nStart your tax journey confidently with LXME\u2019s expert advice.\"\n    }\n  }]\n}\n<\/script>\n","protected":false},"excerpt":{"rendered":"<p>Unlock the secrets of seamless income tax return filing with our expert guide at LXME. Navigating through the complexities of tax season is now simpler than ever. In this blog, we demystify the process, providing clear steps and valuable tips on how to file your income tax returns effortlessly. Whether you&#8217;re a seasoned taxpayer or <a href=\"https:\/\/lxme.in\/v1\/how-to-file-your-income-tax-returns\/\" class=\"more-link\">&#8230;<span class=\"screen-reader-text\">  HOW TO FILE YOUR INCOME TAX RETURNS?<\/span><\/a><\/p>\n","protected":false},"author":10,"featured_media":7101,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[650],"tags":[195,196],"class_list":["post-3072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax","tag-itr","tag-tax-returns"],"acf":[],"_links":{"self":[{"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/posts\/3072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/comments?post=3072"}],"version-history":[{"count":15,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/posts\/3072\/revisions"}],"predecessor-version":[{"id":16289,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/posts\/3072\/revisions\/16289"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/media\/7101"}],"wp:attachment":[{"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/media?parent=3072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/categories?post=3072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/tags?post=3072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}