8 Benefits of the Income Tax Filing Portal

Introduction

In a time where digitalization is inevitable for economic recovery, the new Income Tax portal (www.incometax.gov.in) makes its mark in the virtual world with a taxpayer-friendly design. The Government of India recently rolled out the Income Tax e-filing portal to provide single window access to income tax-related services and enhance taxpayer experience. A seamless experience for taxpayers is the aim of the Central Board of Direct Taxes.

Additional Read: All about Income Tax in India: Basics, tax slabs and e-filing process

What is the Income Tax filing portal?

It is a webpage that you can use to complete any tax-related tasks. Apart from e-filing Income Tax Returns(ITR), this portal is a modern convenience built for speed, accuracy, comfort and usability. It regards all communication, including penalties, refunds, exemption, complaints and appeals. Take a look at some of the advantages that the income tax filing portal has to offer:

Quick Returns

The new taxpayer-friendly portal processes Income Tax Returns immediately. Since the administering of returns is speedy, you, as a taxpayer, will receive the refunds quickly. Make sure you pre-validate your bank account to receive your refunds.

Plan of Action

The portal consists of a role-based single user-friendly dashboard that holds all interactions, uploads, and pending actions. This hassle-free benefit adds usefulness for prompt follow-up action by you.

Application

The new-age interactive interface, a mobile application, one of the main functions of the portal, is available to all taxpayers on Android and iOS. It is so for you to easily use and perform any tax-related tasks at any given time.     

Payment options

The portal offers several payment options such as net banking, credit card, NEFT, RTGS, and UPI to enable effortless tax payments. You can now make easy payments with just a few clicks.

Additional Read: How to save taxes for salaried individuals

Assistance

If you want to enquire about something, you can access the portal’s wizard-based assistance in ITR selection and pre-filled ITRs. You can also chat with TaxGenie, the chatbot, which will answer all your doubts in real-time. The enhanced help section with user manuals and videos is a bonus. You can also call for assistance via ASK (Aaykar Sampark Kendra - 1800 180 1961).

Pre-filing

You can securely log in and take charge of updating your profile. You can provide income details, including salary, house property, business/profession, which will be used in pre-filling your ITR. And detailed enablement of pre-filling with salary income, interest, dividend. All capital gains will reflect after tax deducted at source (TDS) and statement of financial transaction (SFT) are uploaded.

Software

The Income Tax Return Preparation software is available online and offline. It is free of cost too. If you would like to learn more about pre-filing or how to file your taxes, the software is available with interactive questions to help you.

Vernacular languages

Accessibility to file income tax returns just took a new leap. There is an option to access the portal in various regional languages.

Conclusion

Don’t you think the tax payment system just got a little simpler? If you are eager to file your taxes, you can choose a tax regime that suits you best and file your Income Tax Returns online, offline, or through the software. Although there are a few glitches in the system that are being rectified, you have all the necessary tools for a hassle-free tax filing. Hurry now; the deadline to file your taxes is fast approaching.

Additional Read: What are the benefits of filing income tax return on time

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