New Income Tax E-Filing 2.0 Portal Benefits

Posted on: Jan 23, 2025 | 3 mins | Written by: HDFC ERGO Team

New Income Tax E-Filing 2.0 Portal Benefits

As taxpayers, we all contribute significantly to the growth and development of our nation. But imagine, if you land on a website where you encounter multiple technical glitches, slow processing times, and a lack of user-friendly features. You might drop the idea of filing your tax believing it is too much of a hassle. Therefore, the process of filing income tax returns needed to be made simpler and faster to encourage others to become responsible taxpayers. The Income Tax e-Filing 2.0 was introduced to address the shortcomings. Let’s learn more about its features.

Features & Benefits of E Filing 2.0 Portal

• Single dashboard

A single dashboard enables taxpayers to access all their interactions, such as their profile, filed returns, refunds, e-verification, and other pending actions.

• Quick processing of ITR

As the new portal is integrated with the ITR processing unit, the returns and refunds are processed faster.

• User-friendly

The new e-filing portal is simple and user-friendly, helping taxpayers easily file their returns.

• Pre-filled forms

When details like salary, capital gains, interest income, etc., are pre-filled based on TDS and other statements, it helps save time during filing and reduces manual errors. If you have claimed a tax deduction on premiums paid towards health insurance or a Mediclaim policy, it will be shown.

• Several payment options

The new portal has various payment options like NEFT/RTGS, UPI, and credit/debit card.

• Mobile-friendly

It is mobile-responsive, helping taxpayers access the portal on smartphones and other devices.

• Secure

With advanced security features like two-factor authentication and encrypted data transmission, you can safely use the new portal.

• Customer support

There’s a dedicated customer support team to help taxpayers with their queries and grievances. You will also find tutorials and step-by-step guides on how to use the portal and file ITR.

How to Register on the e-Filing Services Portal (Individual Taxpayers)

Here is a detailed guide to registering as an individual taxpayer on the e-filing Services portal –

Step 1: Visit the official website of the e-filing portal https://www.incometax.gov.in

Step 2: Select Register on the top right corner of the homepage.

Step 3: Select Taxpayer, enter your PAN, and click Validate.

Step 4: Provide basic details like name, date of birth, contact details like mobile number, email ID, etc., and click Continue.

Step 5: Two OTPs will be sent — one to your registered mobile number and one to the email ID. Enter both the OTPs to complete the verification process.

Step 6: Set a username and password for your account. The username is usually the PAN by default. Click Register.

Step 7: Upon successful registration, you will receive a confirmation message.

Filing Income Tax Returns Online Using the e-Filing 2.0 Portal

The process to file ITR online using the e-filing 2.0 portal is quite simple –

• Visit https://www.incometax.gov.in and log in to your account.

• Select an e-File option and click on Income Tax Return from the drop-down menu.

• Select the Assessment Year, ITR form, and ITR submission mode. Choose online as the submission mode. ITR-1 (Sahaj) is for salaried individuals with income up to Rs 50 lakh. ITR-2 is for individuals with income from salary, property, and capital gains.

• Click on Start Filing. Enter all the required details in the relevant sections. Some fields will have pre-filled data that you must review and confirm.

• The portal will calculate the tax payable or refund due. Validate the Return details.

• Click on Preview and Submit.

• After the return is submitted, you have to e-Verify your ITR using any of the methods – Aadhaar OTP, Net banking, or digital signature.

• After successful verification, you will receive an acknowledgement via email.

How to Check the Status of e-Filing of Income Tax Online?

The below steps will help to check the status of your e-filing of income tax –

• Go to the official website of Income Tax e-filing: https://www.incometax.gov.in

• Log in with your username and password. The username will be your PAN.

• On the dashboard, under the e-filing section, click on View Filed Returns. You will get the list of all the returns you have filed.

• Select the relevant assessment year and click on submit. The status of the e-filing income tax will be displayed.

• If your ITR has been verified but not yet processed, it will show as Successfully Verified. If it has been successfully processed, it will show as Processed. If your ITR has been filed but not yet verified by you, the status will show as Pending for e-Verification. If there’s any problem with the filing, the status will be Defective Return.

Conclusion

The improved and easy-to-use features in the new portal are a breather. With a simplified ITR filing process and pre-filled forms, taxpayers can now file their returns within minutes. For any issues in using the portal or if you have any queries/grievances, customer support will help you with that.

Disclaimer: The above information is for illustrative purposes only. For more details, please refer to the policy wordings and prospectus before concluding the sales.

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