Top Features of the Income Tax E-Filing Portal You Need to Know
The Income Tax E-Filing Portal has revolutionised the way we file our tax returns and manage our finances. It’s a user-friendly platform offering various features designed to simplify the tax filing process. This informative guide will explore the top features of the Income Tax E-Filing Portal that every taxpayer should know. Whether you’re a seasoned taxpayer or a newbie trying to figure out how to pay advance tax online, these features will make your life easier and help you confidently navigate the world of income tax.
Top Features of the Income Tax E-Filing Portal
- User-Friendly Interface: The E-Filing Portal boasts an intuitive user interface, making it accessible to taxpayers of all backgrounds. You don’t need to be a tax expert to use it effectively. The simple layout and clear instructions guide you through the entire process.
- Multiple Forms Supported: The portal supports various tax forms whether you’re a salaried employee or a business owner. You can choose the relevant form and file your returns hassle-free.
- E-Verification: The portal offers an E-Verification option, allowing you to verify your tax return electronically. This eliminates the need to send physical copies of ITR-V to the Centralised Processing Centre (CPC) in Bangalore.
- 24/7 Accessibility: The E-Filing Portal is accessible round the clock, seven days a week. You can file your returns, check your refund status, or make tax payments at your convenience, even during non-business hours.
- Pre-filled ITR Forms: To simplify the process further, the portal offers pre-filled ITR forms. Your income, tax deductions and other details are auto-populated based on the data available from your PAN card and Form 26AS.
- Income Tax Calculator: The portal provides an income tax calculator that helps you estimate your tax liability. It considers various factors, including income sources, deductions, and exemptions, to calculate your tax dues accurately.
- e-Payment of Taxes: You can make advance tax payments, self-assessment tax payments, and other tax dues directly through the portal using various payment modes such as net banking, debit card, or credit card.
- Track Refund Status: Wondering when you’ll receive your tax refund? The portal allows you to track the status of your refund application in real-time, ensuring you stay informed about your tax refund progress.
- Linking Aadhaar: You can link your Aadhaar card to your PAN card through the portal, making it easier for the government to verify your identity and prevent tax evasion.
- Multiple Language Options: The portal supports various languages, ensuring taxpayers from diverse linguistic backgrounds can comfortably navigate and use its features.
- Online Tax Payment Receipt: You receive an instant online receipt for your tax payments, making it easier to keep records and for future reference.
- Filing of Revised Returns: If you realise that you’ve made errors or need to update your tax return, you can file a revised return through the portal. This feature allows you to correct mistakes and ensure accurate tax records.
How to Pay Advance Tax Online?
Paying advance tax online is a convenient way to meet your tax obligations. Here’s a simple guide:
- Calculate Your Income: Estimate your annual income, including salary, business income, or other sources.
- Determine Advance Tax Due: Calculate the advance tax due using the income tax calculator available on the E-Filing Portal.
- Log In to the Portal: Visit the Income Tax E-Filing Portal and log in using your PAN number.
- Select Challan 280: Choose Challan 280, which is meant for the payment of income tax.
- Fill in Details: Enter your personal details, including PAN, assessment year, and payment type (advance tax).
- Verify Payment: Double-check the information provided and proceed to the payment gateway.
- Choose Payment Mode: Select your preferred payment mode – net banking, debit card, or credit card – and make the payment.
- Receive Confirmation: After successful payment, you’ll receive an online tax payment receipt as confirmation.
The Income Tax E-Filing Portal offers many features designed to simplify the tax filing process. Whether exploring the portal for the first time or learning how to pay advance tax online, these features make managing your taxes more accessible and efficient. With its user-friendly interface, 24/7 accessibility, and a range of tools like pre-filled ITR forms and income tax calculators, taxpayers can easily file their returns and fulfil their tax obligations. It’s time to stay informed and use these features to streamline your tax-related activities.