Last Date to File an Income Tax Return 2023. For taxpayers whose total income does not exceed Rs 5 lakhs, this payment is lowered to Rs 1,000.

December 31, 2023, is the last day to file an Income Tax Return (ITR) for the fiscal year 2022–2023. This is your last chance, but Filing late can cost you money in penalties and interest. In accordance with Section 234F of the Income Tax Act, taxpayers who neglect to file their tax returns by the regular deadline would be assessed a late filing penalty of Rs 5,000.

For taxpayers whose total income is less than Rs 5 lakhs, this payment is lowered to Rs 1,000.

How to file ITR online  

Step 1: Visit the Income Tax e-Filing portal – https://www.incometax.gov.in/iec/foportal/

Step 2: Log in to the e-Filing portal by entering your user ID (PAN), Password, Captcha code and click ‘Login’.

Step 3: Click on the ‘e-File’ menu and click the ‘Income Tax Return’ link.

Step 4: Click on ‘Continue’

Step 5: Fill in all the applicable and mandatory fields of the Online ITR Form.

Step 6: Choose the appropriate Verification option in the ‘Taxes Paid and Verification’ tab.

Step 5: I would like to E-Verify

Step 6: I would like to E-Verify later within 120 days from the date of filing.

Step 7: I don’t want to E-Verify and would like to send a signed ITR-V through normal or speed post to “Centralized Processing Center, Income Tax Department, Bengaluru – 560 500” within 120 days from the date of filing.

Step 7: Click on the ‘Preview and Submit’ button, Verify all the data entered in the ITR.

Step 8: ‘Submit’ the ITR.

Step 9: On Choosing ‘I would like to E-Verify’ option, e-Verification can be done through any of the following methods by entering the EVC/OTP when asked for.

Read More: CBDT Releases ITR Forms 1 and 4 for the Assessment Year 2024-25.

Step 10: The EVC/OTP should be entered within 60 seconds else, the Income Tax Return (ITR) will be auto-submitted. The submitted ITR should be verified later by using ‘My Account > E-Verify Return’ option or by sending a signed ITR-V to CPC.

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