The Income Tax return is a strong income proof not only in India but also abroad if you are planning to move abroad for higher studies or employment. It is compulsory to file an income tax return if your salary is more than Rs. 5 Lakh per annum. Income tax return filing in India can be done both manually and online. Here are seven perks of filing ITR online.
Advantages Of ITR Filing Online
Here are 7 benefits of Online ITR filing in India:
For filing an ITR manually you will have to visit Income Tax Office. Then, go from desk to desk in order to complete your ITR procedure. No doubt, it is time-consuming and exhaustive task. Comparatively, if you file your ITR online, you just need to go to the official website of Income Tax Department and follow some easy steps. You can do it by yourself or through some organization which provide such a service.
Accurate Calculation Of ITR
At the time of online return Filing, there is an option of calculation. Income Tax deducted from your salary can be calculated on the website. The self-based calculation of income tax is more prone to errors. The accuracy of the calculation done online cannot be doubted.
Paper-Less ITR Filing
Filing an ITR online is a paperless work and free from clutters. If you want to avoid lots of paperwork, e- filing of IT Return is a boon. Moreover, it is environment-friendly.
Faster ITR Filing Process
The acknowledgement of filing Income Tax Return online is fast and refunds are processed faster by the Income Tax Department.
No Time Or Place Limit
If you will file Income Tax Return manually, you will have to visit Income Tax office and every government office has specific fixed hours of working. But, e-filing of income tax can be done at any time, at any place. Even, when you are travelling, all you need is an internet enabled computer, laptop, mobile or any other electronic devices.
Your documents may fall in the wrong hand when ITR is filed manually. But, e-filing of ITR keeps your data confidential and protects it from being misused. You can also access your past data.
It is convenient for you to have a direct deposit of return and direct debit of tax payment. You can use your debit or credit card or pay ITR through internet banking. Moreover, you also have an option to pay later.