New Delhi :The last date for filing income-tax returns for the financial year 2018-19 is July 31. In the meantime, the job seekers are now beginning to fill up the Income Tax Return Form. Income Tax Return Form ‘Income Tax Return Form 1’ has to be filled. This  form is also available online. Different types of information have to be filled in different tabs in this form. 

Tax details in the fourth tab in this form Given. There are five steps in it. Tax details are automatically filled in the computerized mode using Form 26A. The software used for the e-filing website works for this. Form 26A is the full financial year passbook. Advance and Self-Assessment Taxes in Form 26A with Form 26 Employer and Taxes deducted by banks etc. Everyone knows about it. This form can be downloaded from Traces (TRACES) website. 

Although all the details of tax details from Form 26A are automatically filled, TDS certificates, Form 16, Form 16A, Tax invoice documents need to be ensured all the numbers. Below are the steps for how to verify the five steps of taxation details and its statistics. 

Step 1- TDS on salary (as of Form 16)

Tax deducted at source is information about TDS deducted from salary. This information can be checked using TDS certificate. If there is any difference in this information, then the Finance Department can change it and tell it. 

Step 2- TDS on other sources is deducted

from the income received from other sources except paid salary (as per Form 16A) . This includes interest on fixed deposits, taxable bonds, etc. TDS is deducted if you get interest of more than 10,000 rupees in FD in a financial year. For senior citizens this limit is up to 50 thousand. 

Step 3 – TDS Details (Form 26 QC Like)

TDS is deducted if you get 50 thousand rupees or more in a financial year from a rented house. His information is available in this third step. This information can be revised only after filling the 16C forms from the tenants. 

Step 4 – Details of TCS

if taxed for more than Rs. 10 lakhs is taxable at source (TCS). 1 percent of the vehicle cost goes to the seller as a tax. In the form 27D coming from the seller, its exact amount is written. This information can be found online in Form 26AS. 

Step 5 –

Details of Advance and Self Assessment Tax details are detailed in Form 26AS as it is. This particular details can be verified with the help of taxi currency. If there are any differences, then there is a change in the situation. 

The final tab is ‘Tax Payment and Verification’ after checking the tab and checking the check tab. If all the information about the details tab is accurate then here is the exact amount of tax payable for the return. It is very necessary to pay all kinds of tax before filing a return file to get all the process done properly.