Determine Your Income Sources:

Identify all sources of income such as salary, house property, capital gains, business or profession, and other sources like interest or dividends.

Collect and Organize Documents:

Gather all the necessary documents mentioned above. Ensure that all TDS details are correct and match with Form 26AS.

Choose the Right ITR Form:

Depending on your income sources and residential status, select the appropriate Income Tax Return (ITR) form. For example:

ITR-1 (Sahaj) for individuals with income up to ₹50 lakh from salary, one house property, and other sources.

ITR-2 for individuals with income from salary, more than one house property, capital gains, etc.

ITR-3 for individuals with income from business or profession.

Compute Your Taxable Income:

Sum up all your income and subtract eligible deductions under various sections (e.g., 80C, 80D) to compute your taxable income.

Calculate Tax Liability:

Apply the applicable tax rates to your taxable income to determine your tax liability. Consider rebates like Section 87A if eligible.

Claim TDS Credits:

Claim credit for the taxes already deducted and paid by your employer or financial institutions as reflected in Form 26AS.

Pay Any Balance Tax:

If the tax deducted at source is less than your tax liability, pay the balance as self-assessment tax using Challan 280 on the Income Tax Department’s portal.

File the Return Online:

Log in to the e-filing portal of the Income Tax Department, fill out the chosen ITR form, and submit it online. Ensure that all details are accurate and match your documents.

E-Verify the Return:

After filing, e-verify your return using methods like Aadhaar OTP, net banking, or EVC (Electronic Verification Code). Alternatively, you can send a signed physical copy of ITR-V to the Centralized Processing Center (CPC) in Bengaluru.

Keep Acknowledgment Safe:

After successful e-verification, you will receive an acknowledgment from the Income Tax Department. Keep it safe for future reference.