The Government of India levies an income tax, a form of direct duty, on every residential and non-residential personal of Indian origin. It is filed within 31st August of every assessment year, on the official website of the Income Tax Department of India.
Every Indian taxpayer is required to be a registered user of the official portal of the IT department. One can access their previous year’s returns, refund status, as well as various other important information by completing income tax login.
How to Log in to the Income Tax Portal?
A taxpayer has to register him or herself in the income tax portal before proceeding with Indian income tax login. There are certain prerequisites one have to follow, including submitting some essential details to validate one’s account number with the IT department.
These include –
- Valid contact details, including mobile number, email address, etc.
- PAN details.
- Current address.
Next, one can proceed with the income tax department login process by completing the registration process. Here’s a step-by-step procedure –
- Navigate to the official IT portal – The home page of Income Tax Department portal will have an option to register on the right side of the page. After selecting the preference, that individual will have to select a particular user type from a provided list, which includes –
- Hindu Undivided Family (HUF)
- Anyone other than individual HUF
- External agencies
- Chartered accountants
- Tax deductor and collector
- Third-party software utility developer
- Fill the registration form – The option to fill in the registration form will be available post selecting a particular user type. It will ask for some basic details, like name, residential status, PAN details, date of birth, etc. The option to submit the details and proceed with income tax online login will be available after filling up the registration form with all the necessary details.
- Verification – A 6-digit One Time Password will be sent to the registered mobile number and email address after successfully submitting the registration form for verification purpose (this process is only for Indian residents; for persons of Indian origin, OTP will be sent to the email address only).
The OTP will expire after 24 hours. If an individual fails to complete income tax portal login within that time frame, he or she will have to initiate the process from the beginning.
After completing the registration process, a taxpayer can proceed with income tax online login.
The steps are here as follows –
- Click on the login option on the upper right-hand side of the official webpage of the Income Tax Department.
- It will navigate to the verification page where a taxpayer can enter their login ID and password to access their details (users are not allocated unique IDs, their Permanent Account Number, or PAN, acts as their unique ID.
Taxpayers will have access to all their relevant information as well as provision to file IT returns, determine input tax credits, and past taxation records after income tax portal login.
Who are Liable to Pay Income Tax?
The Income Tax Department levies taxes depending on an individual’s annual income. The tax liability varies depending on one’s profession, as well as the type of user mentioned in the income tax portal login page.
For example, a salaried individual will have to pay taxes once his or her income crosses a threshold of Rs. 2.5 Lakh/annum.
|Income range||Tax rate||Payable tax|
|Rs. 2.5 Lakh/annum to Rs. 5 Lakh/annum||5%||5% of one’s total taxable income|
|Rs. 5 Lakh/annum to Rs. 10 Lakh/annum||20%||Rs. 12,500 with 20% of the total earning above Rs. 5 Lakh.|
|More than Rs. 10 Lakh/annum||30%||Rs. 1,12,500, with 30% of the total earning above Rs. 10 Lakh.|
Similarly, the taxation rate of co-operative societies is the following –
|Income range||Tax rate||Payable tax|
|Less than Rs. 10,000||10%||10% of the total taxable income|
|Rs. 10,001 to Rs. 20,000||20%||20% of the taxable income|
|Greater than Rs. 20,000||30%||30% of the amount exceeding Rs. 20,000|
Partnership firms and local authorities also have to file IT returns after income tax online login. For domestic companies, it is limited to 30% of their annual revenue, provided its gross receipt is within Rs. 250 Crore in the last assessment year. If the income is lower than the above-mentioned threshold, the tax liability at 25% of the annual revenue.
All the taxes levied on an individual’s income are calculated on a progressive basis.
Income Tax Department of India also segregates taxpayers according to their profession, categorising five different types, or heads, for efficient tax filing. These are the following.
|Salaried||Individuals with a regular income originating from salary or pension.|
|Income from residential property||Income earned from the rent of a residential property.|
|Other sources||Income commencing of interest earned from savings accounts, fixed deposits, and similar savings instruments.|
|Capital gain||Profit earned after selling capital assets such as property, Mutual Funds, shares, etc.|
|Business or self-employed||Individuals earning from contractual works, freelancing, chartered accountants doctors, lawyers, etc.|
Successful income tax online login is also necessary to check various other aspects, like TDS credit. Taxpayers have to log in to the official website to check whether tax deducted at source has been calculated and whether it is reflecting against his or her name. These details will be available under the ‘My Account’ tab on ‘Form 26AS (Tax Credit)’.
For income earned on transfer of certain assets, like Mutual Funds, a taxpayer has the option to lower their taxable income to gain benefits on income tax. Under Section 80C of the Income Tax Act 1961, funds like Equity-Linked Savings Scheme allow an investor to qualify for tax deductions of up to Rs. 1.5 Lakh every year.
Thanks to the simple application and registration process of income tax department login, a taxpayer can easily monitor their tax liability and access the records of the duties paid. Such a convenient system also helps the Income Tax Department follow-up with their tax collection and credit system.