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The increase in e-filing is really being driven by people using their home computers. E-file is the safe, accurate way for taxpayers to quickly finish their taxes and get a refund

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About e-Filing

An income tax return is a form where taxpayers declare their taxable income, deductions, and tax payments. This procedure of filing income tax returns is referred to as income tax filing. While filing the actuals, the total amount that should go to the government as income tax is calculated. If you've paid more tax than needed for the financial year, you'll be refunded by the income tax department. Sometimes, you may also see that you have underpaid taxes for the year. In such cases, you must pay the remainder of the tax, and file your income tax returns.

Income tax return form ranges from ITR 1 to ITR 7, used for different types of income. Some income tax return forms are longer than the others, and they may need additional disclosures such balance sheet and a profit and loss statement information.

What are the details you need when you're e filing your income tax returns? - You'll need to produce basic information such as PAN, Aadhar card number, and current address. - Details about all the bank accounts you've held in the given financial year. This is a mandatory disclosure you must make for e filing your income tax returns. - Details about your income from salary, fixed deposits, savings bank account, etc. - Information of all the deductions you've claimed under Section 80. - You'll also need to produce tax payment information such as TDS and advance tax payments.

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