How to file income tax return online for individual

How to efile income tax return individual online - Income that may be part of your gross income but is not identified as “taxable income” would include: child support, proceeds from life insurance policies, inheritances, workers compensation payments, welfare benefits, compensation awarded as a result of physical injury, education scholarships or grants, and income paid to your retirement account (either a 401k or ira, up to a certain amount). However, keep in mind that you will be charged interest and also possibly a late payment penalty on the tax not paid by the date your return is due, even if your request to pay in installments is granted. Installment agreement -- if you cannot pay the full amount due with your income tax return, you can ask the irs if they will allow you to make monthly installment payments for the full amount or a partial amount. Note that whenever se tax is mentioned, it generally only refers to social security and medicare taxes, and does not include any other taxes that self-employed individuals may be subject to.

1 (Filing returns online) How to file ITR 1 Return in case of Salary income

This tutorial will help you to understand the completed process of filing ITR-1 for Salary & Saving bank interest income.Hope you ...