Ways to make online tax payment are plenty and they can be used to great advantage. Both the tax payer and the government treasury can benefit immensely from the self assessment scheme which enables the tax payer to take control of things and file the return on his or her convenience. Following mentioned ways help in filling Itr online; A person i.e. individual, association of persons, partnership or an organization, business entity or company has to register with the website. This includes creation of the ID and the password, which is required to be remembered by the user for next log in. The individual may be required to enter name, father’s name, family name, national ID number, driving license number, passport number and other identification numbers, current residential address and phone numbers, email addresses and other important personal information may be required at this juncture. Itr online offers the tax payer to select the category of income to be taxed, which includes, salary income, income from house property, interest income, business income and others. A spread sheet is than offered for download. The spread sheet can be downloaded and filled up accordingly. The sheet contains personal information, family information, ids, numbers, addresses, area of residence, state of origin and current residential state etc. The national tax number is also allotted to the tax payer and he or she can use it process the application further. Upon entering the income details the tax payable by the tax payer is computed within the spread sheet. This is calculated according to the slab rates which are revised by the government from time to time. One should take account of the assessment year shown on the top right hand corner of the spread sheet. This is very important as a tax payer is required to file a return based on the current slab rates. Exemption column is also mentioned on the spread sheet and an income which is exempt from tax is accounted for in this column. The validation tab saves the spread sheet on your system and makes it ready for being presented to the tax authorities. Afterwards online portal can be used to submit the completed spread sheet. This can be performed by completing basic steps. Digital signature is obtained and this makes a binding upon the tax payer that the information entered in to the spread sheet is up to the mark and it is absolutely correct and accurate. After submitting the income tax return online, an acknowledgement message is displayed to make the tax payer know that his or her statement has been duly submitted in to the system. One has to take a print of the statement filed with the tax authorities, thoroughly read the information provided to the authorities, sign it and submit it to the tax authorities personally or via courier, an acknowledge will be sent by the tax authorities in this regard. Nobhila Sharma is a freelance writer and blogger, and in this article writes about Itr online. and income tax return online. For more information, Please visit http://www.makemyreturns.com/
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