ITR Filing Online - File Your Income Tax Return with Tax2win
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E-filing of income tax returns refers to the process of filing ITR (Income Tax Return) online. In other words, it is the process of submitting your tax returns electronically. E-filing of the income tax return can be done in a smooth and simple manner with Tax2win’s Self filing AI-powered software.

Any individual whose total income exceeds the basic exemption limit is required to file an ITR. Additionally, filing is mandatory in cases like:

• Holding foreign assets
• Claiming a tax refund
• Depositing over ₹1 crore in a bank account
• Paying electricity bills over ₹1 lakh, etc.

Following are the documents required for filing ITR:

• Form 16 (Upload Multiple Form 16s)
• Aadhar and PAN Card
• Salary Slips
• Bank interest certificates
• TDS certificate issued by banks and others
• Annual Information Statement
• Proofs of tax-saving investment
• Capital gains statement
• Details of foreign assets and investments
• Form 26AS

Apart from staying compliant, there are various other benefits of filing income tax return online.

Some of them are listed below:

• Easy loan approval
• Income and Address Proof
• Quick Visa Processing
• ITR filing online ensures speedy income tax refund
• Acts as proof of income and address
• Losses can be Carried Forward
• For buying term insurance
• Avoid penalty on non-filing of income tax returns

There are 7 ITR forms in India; each served to different taxpayer profiles:

• ITR 1 (Sahaj): Form ITR-1 is for resident individuals with total income up to ₹50 lakh from salary or pension, one house property (without carry-forward loss), other sources (excluding lottery or racehorse winnings), long-term capital gains under section 112A up to ₹1.25 lakh, and agricultural income up to ₹5,000.
• ITR 2: Form ITR-2 is for individuals and HUFs with income from salary, house property, capital gains, or other sources (including lottery or racehorse winnings), where total income can exceed ₹50 lakh. It applies to directors, those with foreign income or assets, RNORs or non-residents, agricultural income over ₹5,000, unlisted shares, ESOP tax deferral, Section 194N deductions, or loss carry-forwards. It can also be used if clubbing income of a spouse or child falling under these categories.
• ITR 3: Form ITR-3 is for individuals and HUFs having income from a proprietary business or profession. It applies to those not opting for presumptive taxation, required to maintain or audit books, or holding unlisted equity shares. It can also include income from salary, house property, other sources, and income as a partner in a firm. Those not eligible to file ITR-1, ITR-2, or ITR-4 should use ITR-3.
• ITR 4: (Sugam): Form ITR-4 is for resident individuals, HUFs, and partnership firms (except LLPs) with total income up to ₹50 lakh under the presumptive taxation scheme (Sections 44AD, 44ADA, or 44AE). It includes business or professional income on a presumptive basis, salary, one house property (without carry-forward loss), other sources (excluding lottery/racehorse winnings), and long-term capital gains under Section 112A up to ₹1.25 lakh. Freelancers with receipts up to ₹50 lakh can also use it. If turnover exceeds ₹2 crore, ITR-3 must be filed.
• ITR 5: For entities like Investment Funds, Business Trusts, Cooperative societies, LLPs, AOPs, BOIs, etc. to declare profits and other sources of income.
• ITR 6: For companies, except those seeking Section 11 exemption. Requires disclosure of housing property rental revenue, business income, and multiple sources of income.
• ITR 7: For individuals or entities required to furnish returns under Sections 139(4A) to 139(4F), which include trusts, political parties, scientific research associations, medical institutions, universities, business trusts, and investment funds.

Yes, taxpayers can file their ITR themselves either through the income tax department’s website or through Tax2win’s website. Filing your Income Tax Return (ITR) with Tax2win offers a convenient and user-friendly experience. All you have to do is enter some basic information about your salary and personal details, and the AI-powered DIY ITR filing software automatically extracts your personal details and employment details, selects the appropriate ITR form, computes the tax liability, and files your ITR. You can also upload multiple Form 16s from all the employers during the year.

If you missed the income tax filing due date, don’t worry. You still have a chance to file a late return but with penalty. The last date to file a belated return is 31 December of the relevant assessment year.

Section 234F of Income Tax Act deals with penalties on taxpayers who fails to file their income tax return before the due date. This due date to file ITR is generally 31st July. However, if the taxpayer miss to file by the deadline, they have the option to file late return with the penalty of up to Rs. 5000. This penalty can be increased depending on the delay in filing ITR. Section 234F mandates taxpayers who miss the 31st deadline for filing returns face penalties.

For the Assessment Year 2026-27 (Financial Year 2025-26), the deadline for filing ITR-1 (salaried/individuals) is July 31, 2026, while for non-audit ITR-3/ITR-4 cases, the deadline is extended to August 31, 2026. Audit cases must file by October 31, 2026. The deadline to file a revised return has been extended to March 31, 2027 (12 months from the end of the tax year).

Yes, you can file your ITR without Form 16. Salaried employees can file their tax return even if they have not received Form 16 from their employer. In such cases, the TDS details can be found using Form 26AS, and income details can be found using AIS/TIS. Alternatively, you can ask your employer to issue Form-16, as it serves as a statement of TDS deducted.

In India, the basic exemption limit for filing an Income Tax Return (ITR) varies depending on the chosen tax regime (old or new) and the taxpayer's age.

The new time limit for e-verification of ITR is 30 days from the date of filing the return of income. However, where the return is filed on or before 31.07.2022, the earlier time limit of 120 days will continue to apply. e-Verify your ITR.

Tax2win has simplified the complex task of filing income tax returns. It is fast, safe, and easy to use. With its user-friendly platform, you can easily file your ITR in just 4 minutes. A small platform usage fee is applicable to deliver smooth services.

Under Section 87A of the Income Tax Act, an individual who is a resident in India and has a total income not exceeding Rs. 5,00,000 is eligible to claim a rebate from their tax liability under the old tax regime. The rebate is granted as a deduction from the tax liability, and it is the lower of:

• 100% of the income-tax liability, or
• Rs. 12,500.

Further, a maximum rebate of Rs. 25,000 is allowed under section 87A from the amount of income tax on total income, which is chargeable to tax under new tax regime. However, this rebate is allowed if the total income of assessee chargeable to tax under section 115BAC(1A) is up to Rs. 7,00,000.

Budget 2025 Update:

For salaried individuals opting for the new tax regime, income up to Rs. 12,75,000 will be tax-free. Additionally, the Section 87A rebate has been increased to Rs. 60,000, up from the previous threshold of Rs. 25,000 under the new tax regime. This provides significant tax relief to individuals with taxable income up to Rs. 12,75,000 under the new regime.

The changes announced in Budget 2025 will be applicable from FY 2025-26 onwards.

Yes, with Tax2win’s AI-powered portal, you can upload multiple Form 16s (from all employers during the relevant F.Y.) while filing your ITR. This feature helps avoid manual data entry and speeds up the process.

Yes, if you want expert support while filing your ITR, you can always switch to our CA-assisted plans. Our experts are highly experienced and can help file your ITR seamlessly.