Filing your income tax return (ITR) is an important task that every salaried individual and business person must do. In India, the Income Tax Department has made it easier than ever to file ITR online. In this article, we’ll walk you through the process of filing ITR online in 2023, including the new tax slab for India, and how to save money in the process.

Step 1: Know Your Income Tax Slab

Before you begin the process of filing your ITR online, it’s important to understand your income tax slab. The new tax slab for India was introduced in the Union Budget 2020 and is applicable for the financial year 2022-23. The new tax slab is as follows:

Income Tax Slab	Tax Rate
Up to Rs. 2.5 lakh	Nil
Rs. 2.5 lakh – Rs. 5 lakh	5%
Rs. 5 lakh – Rs. 7.5 lakh	10%
Rs. 7.5 lakh – Rs. 10 lakh	15%
Rs. 10 lakh – Rs. 12.5 lakh	20%
Rs. 12.5 lakh – Rs. 15 lakh	25%
Above Rs. 15 lakh	30%

If you have any doubts about your tax slab, you can refer to the official website of the Income Tax Department, https://www.incometax.gov.in/ for more information.

Step 2: Collect all Relevant Documents

Form 16: This form is issued by your employer and contains details of your salary, tax deducted at source (TDS), and other allowances.
Form 26AS: This form contains details of taxes deducted on your income by your employer, bank, or any other source. You can download it from the income tax e-filing website.
Bank statements: You may need to refer to your bank statements to enter details of your interest income and any other income earned from financial assets.
Rent receipts: If you’re claiming the deduction for rent paid, you may need to submit rent receipts or other supporting documents.
Investment proofs: If you have made investments in tax-saving instruments such as Public Provident Fund (PPF), National Savings Certificate (NSC), or equity-linked savings scheme (ELSS), you may need to submit proof of the same.
Aadhaar card: You may need your Aadhaar card to validate your return and complete the e-verification process.
PAN card: You will need your Permanent Account Number (PAN) to file your return.

Step 3: Choose the Correct ITR Form

Step 3 in the process of filing ITR online is to choose the correct ITR form that applies to your particular case. The Income Tax Department has several ITR forms that are designed to cater to different types of taxpayers based on their income, sources of income, and residential status.

Choosing the correct ITR form is important as it ensures that you file the right information with the tax department and also helps to avoid any complications or penalties.

Here is a brief overview of the different ITR forms available for individual taxpayers:

ITR Form	Applicable for	Description
ITR-1	Individuals with income up to Rs. 50 lakh and having income from salaries, one house property, and other sources	This form can also be used by individuals with agricultural income up to Rs. 5,000
ITR-2	Individuals and HUFs not carrying out business or profession	This form is applicable for taxpayers with income from salaries, multiple house properties, capital gains, and other sources
ITR-3	Individuals and HUFs having income from business or profession	This form is applicable for taxpayers with income from a proprietary business or profession
ITR-4	Individuals, HUFs, and firms (other than LLP) with a total income up to Rs. 50 lakh and income from business or profession	This form is also known as the ‘Sugam’ form
ITR-5	LLPs, AOPs, BOIs, and partnerships	This form is applicable for entities other than companies, LLPs, and individuals
ITR-6	Companies not claiming exemption under Section 11 of the Income Tax Act	This form is applicable for companies that are not eligible for exemption under Section 11 of the Income Tax Act
ITR-7	Trusts, political parties, institutions, and other entities	This form is applicable for entities that are required to furnish return under Section 139(4A), 139(4B), 139(4C), or 139(4D) of the Income Tax Act

Once you have identified the appropriate ITR form, you can download it from the Income Tax Department’s website and fill in the required information. It is important to ensure that you choose the correct form that applies to your situation to avoid any penalties or issues later on.

How To File ITR Online Self?

Here are the general steps for filing ITR online in India:

Step 1: Register on the income tax e-filing website: Go to the income tax e-filing website (incometaxindiaefiling.gov.in) and register as a new user if you haven’t done so already.
Step 2: Choose the appropriate ITR form: Select the appropriate ITR form based on your income and tax status. For example, if you’re an individual earning income from salary, you can file ITR-1.
Step 3: Download Form 26AS: Download Form 26AS, which contains details of taxes deducted on your income by your employer, bank, or any other source.
Step 4: Enter your details: Enter your personal and income details such as name, PAN, Aadhaar, salary, interest income, etc.
Step 5: Calculate your tax liability: Calculate your tax liability using the appropriate tax slab rates and deductions/exemptions applicable to you.
Step 6: Pay any tax due: If you have any tax due, pay it before filing your return.
Step 7: Validate your return: Validate your return to check for any errors or discrepancies.
Step 8: Submit your return: Once you have verified and validated your return, submit it electronically.
Step 9: Verify your return: Verify your return using your Aadhaar number or other methods.
It’s important to note that the Income Tax Department regularly updates its guidelines and requirements for filing ITR online. I recommend referring to the department’s official website for the most up-to-date information, forms, and instructions.