A Comprehensive Guide to Checking Your Tax Return Online

Checking your tax return online has become increasingly convenient, allowing taxpayers to verify their financial status with the Income Tax Department quickly and efficiently. This guide will walk you through the process and provide tips on how to ensure your information is accurate.

Step-by-Step Guide to Verify Your Income Tax Return Online

To verify your Income Tax Return (ITR) online, start by visiting the official website of the Income Tax Department. The homepage often welcomes you with a clear interface, where you'll find the option to verify your ITR.

Visit the Official Website: Go to the official website of the Income Tax Department. Locate the Verification Option: On the homepage, you should see a section or button that allows you to verify your ITR. Enter Required Details: Fill in the necessary details such as your Permanent Account Number (PAN) and the assessment year. You may also need to enter a captcha code for security purposes. Submit and Receive Status: After submitting the details, you will receive the status of your ITR. This information will confirm whether your return has been processed successfully.

Example of a Recent Income Tax Return Filing

A taxpayer recently filed their Income Tax Return (AY: 2024-25) using a Tax Return Preparer. They had a Form 16A from their employer, Himachal Pradesh University Shimla, interest statements from their bank accounts, and Form 16A from the bank. Additionally, they had a Tax Information Sheet (TIS) which replaced Form AS-26. The TIS contained comprehensive information about pension payments and other sources of income, including bank deposits and savings accounts.

Upon uploading the data, the taxpayer received a One-Time Password (OTP) sent to the phone number linked to the filing process. Typing in the OTP verified the return, and the TRP (Tax Return Preparation) provided a hard copy for the taxpayer's perusal and record.

For the new tax regime in AY 2024-25, although no exemptions are allowed, the overall tax rates are relatively low: 0% for the first 3 lac, 5% for the next 3 lac, 10% for the next 3 lac, 15% for the next 3 lac, and 20% for the next 3 lac.

Using an Income Tax Calculator for Accurate Information

For an accurate understanding of your tax liability, you can use an income tax calculator available on the income tax portal. Alternatively, consulting a professional is always a good idea. These tools and experts can help you navigate the complexities of tax laws and ensure you meet all your tax obligations.

Viewing Your Tax Return Information

While you cannot view the actual return, you can request a transcript to be sent to your email or by mail. This service is available by signing up for an online account on the IRS website.

Note: You cannot view or order information for someone else unless you have a valid Power of Attorney (POA) on file.