Step-by-Step Process to File Income Tax Online
Introduction
Filing your Income Tax Return (ITR) online has become simpler than ever. The Income Tax Department has made the process more user-friendly, allowing individuals to file their returns from anywhere. Whether you’re a salaried professional, business owner, or freelancer, knowing the online filing process helps you stay compliant and avoid penalties.
At Power of Factorial Business Solutions, we make tax filing effortless. Here’s a comprehensive step-by-step guide to help you file your income tax online smoothly.
Step 1: Gather All Necessary Documents
Before starting, keep these essential documents ready to ensure accuracy and avoid delays:
PAN Card and Aadhaar Card
Form 16 (for salaried employees)
Bank account details
Investment proofs for deductions (under Section 80C, 80D, etc.)
TDS certificates
Details of other income such as rent, interest, or dividends
Having everything prepared saves time during the online filing process.
Step 2: Register or Log in to the Income Tax e-Filing Portal
Visit the official Income Tax e-Filing Portal and log in using your PAN (as your user ID) and password.
If you’re filing for the first time, click “Register” and follow the simple steps to create your account.
Step 3: Choose the Correct ITR Form
Choosing the right ITR form is crucial for accurate filing.
Types of ITR Forms
ITR-1 (Sahaj) – For individuals with income up to ₹50 lakh (salary/pension/interest income)
ITR-2 – For individuals with income from salary, house property, or capital gains
ITR-3 – For professionals or business owners with income from business or profession
ITR-4 (Sugam) – For presumptive income under sections 44AD, 44ADA, or 44AE
If you’re unsure which form to select, our experts at Power of Factorial can guide you.
Step 4: Fill in Your Details Accurately
Once logged in, select “File Income Tax Return”, and choose:
Assessment Year
Filing Type (Original/Revised)
Submission Mode (Online/Offline)
Enter your details such as income, deductions, and taxes paid carefully. Double-check every entry before proceeding.
Step 5: Verify Your Tax Computation
After filling your return, the system automatically computes your tax liability. Review it thoroughly to ensure:
Deductions are correctly applied
TDS and Advance Tax are properly reflected
No discrepancy in your total income and tax calculation
Step 6: Submit and E-Verify Your Return
Once you confirm the details, click “Submit” and verify your ITR through one of the following methods:
Aadhaar OTP
Net Banking
Electronic Verification Code (EVC)
Physical ITR-V submission to CPC, Bengaluru
E-verification is the fastest way to complete your filing.
Step 7: Download and Save Your ITR-V Acknowledgment
After submission, download your ITR-V acknowledgment.
Why Keep a Copy?
Acts as proof of filing
Useful for loan or visa applications
Helps in future reference or rectifications
Why File Your Income Tax with Power of Factorial
At Power of Factorial Business Solutions, we ensure a smooth and compliant filing process for individuals and businesses.
Benefits of Filing with Us
✔️ Hassle-free filing handled by experienced professionals
✔️ Maximum deductions and accurate computation
✔️ Avoid penalties for late filing
✔️ 100% secure and confidential process
✔️ Personalized assistance for every taxpayer
📞 Call us today at +91 8105021287
🌐 Visit: www.poweroffactorial.in