ITR filing Last Date AY 2023-24: When and where to file Income Tax Returns - Complete guide

ITR filing Last Date AY 2023-24: The last date to file the Income Tax Returns (ITR) for income earned in FY 2022-2023 will be July 31, 2023. Usually, the ITR filing deadline is July 31 and it is expected to be the same this year.  As the ITR filing season is about to start, there are certain things that taxpayers should know, from when to file ITR to how to file an ITR. Here are all the details for the same:

When can taxpayers file ITR? 

With the new assessment year starting from April 1, filing of ITR will also initiate. Taxpayers can file their ITR for their income earned in FY 2022-23 from April 1 to July 31. Post July 31, the individual will have to file a belated ITR which will come with a certain cost. 

Where to file ITR?

ITR can be filed both offline and online. The online mode is called e-filing which can be done through Income Tax Department’s website (incometax.gov.in). Any taxpayer choosing offline mode (rather than online mode) to file Income Tax Returns needs to use the Offline Utility for ITRs. 

How to calculate income tax? 

While using an online calculator, taxpayers should keep in mind to use the latest version of the calculator.

Also Read: Income Tax: How will AI, Machine learning, and data analytics simplify the tax process in India? 

Income Tax Calculator

Income Tax Calculator 2020: Zee Business provides an online free income tax calculator tool that tells you how much Income Tax is to be paid as per the Indian Annual Salary. A Comprehensive Quick Tax Calculator tool that helps you to find out the tax liability. 

Who should file an ITR? 

All individuals having taxable income or those who satisfy other prescribed conditions are required to file an annual ITR within the specified due date.

Also Read: Income Tax Return 2023: Check ITR Filling Last Date, How to e-File Income Tax Returns Online - all you need to know detail process 

How to pick ITR form? 

ITR-1 can be filed by an individual having income up to Rs 50 lakh and who receives income from salary, one house property, and other sources (interest, etc). 

While ITR-2 is filed by people having income from residential property and having income above Rs 50 lakh, ITR-3 is filed by professionals. 

ITR-4 can be filed by individuals, Hindu Undivided Families (HUFs), and firms with total income up to Rs 50 lakh and having income from business and profession.

ITR-5 and ITR-6 are filed by LLPs and businesses.

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