How to fill up Income Tax Return form Online

Filing income tax returns in Bangladesh has become much easier with the introduction of the National Board of Revenue’s (NBR) online e-Return system. Whether you’re a salaried employee, a business owner, or someone with multiple sources of income, understanding how to file your income tax return accurately is crucial. This guide will take you through the process of filling up your income tax return form online for the fiscal year 2024-25.

1. Taxpayer Identification Number (TIN): This 12-digit number is mandatory for all taxpayers. If you don’t have a TIN, you need to apply for it through the NBR’s website.

2. National ID (NID): You’ll need your NID number, which should be linked to your biometric mobile number.

3. Mobile Number: Your mobile number must be verified with your NID to proceed.

4. Income Documents: Keep your salary certificates, bank statements, and other sources of income ready for input.

5. Investment Details: Information about your investments that qualify for tax rebates.

6. Previous Year’s Tax Return: If applicable, your previous tax return can serve as a reference.

Step-by-Step Process to Fill Up the Income Tax Return Form Online

Step 1: Register on the e-Return System

1. Visit the Official Portal: Go to the official e-Return system website: etaxnbr.gov.bd.

2. Click on Registration: If you haven’t registered already, click the “Registration” option.

3. Provide Required Details: Enter your TIN, biometrically verified mobile number, and captcha code.

4. Verify OTP: You’ll receive a One-Time Password (OTP) on your mobile. Enter this to complete the verification process.

5. Set Password: After verifying your OTP, create a password to access your account in the future.

Step 2: Log in to Your Account

1. Go to the e-Return Portal: Visit the e-Return portal.

2. Enter Your Details: Log in by entering your TIN, password, and captcha code.

3. Click Sign In: After entering the details, click the “Sign In” button to access your dashboard.

Step 3: Select the Tax Year

Once logged in, the next step is to choose the tax year for which you’re filing. For example, if you are filing for income earned in the 2023-2024 fiscal year, select 2024-2025 as the assessment year.

Step 4: Fill Out the Return Form

1. Tax Assessment Information: Begin by filling in general details such as the return scheme, income year, and income source.

2. Income Details: Enter your income sources, including salary, business income, dividends, etc.

3. Investment Information: If you have made any qualifying investments, such as contributions to retirement funds or tax-saving schemes, include those here.

4. Expenditures: Include your annual expenditure details, if applicable, as some expenses may qualify for deductions.

Step 5: Review and Submit the Form

1. Review the Information: Once you have filled out all the sections, thoroughly review the information for accuracy.

2. Submit the Form: After double-checking, click on “Submit Return Online” to submit your form.

Upon successful submission, a confirmation message will appear, indicating that your tax return has been successfully filed.

Step 6: Download Acknowledgment Receipt

After submitting your return, download the Acknowledgment Receipt and Reference ID. These documents serve as proof that your return has been successfully submitted. Keep them safe for future reference.

Offline Filing Option

If you prefer to file your tax return offline, you can still do so by following these steps:

1. Download the Form: Visit the NBR website and download the income tax return form.

2. Fill Out the Form: Manually complete the form with accurate details.

3. Submit to Tax Office: After filling out the form, submit it along with the necessary documents to your local tax office.

While online filing is the recommended method, the offline option is still available for those who prefer a more traditional approach.

Additional Tips for Filing Your Tax Return

• File on Time: The deadline for filing income tax returns is typically November 30 each year. Make sure to file your return before the due date to avoid penalties.

• Zero Return: If your income is below the taxable limit, you can file a ‘Zero Return’ to comply with tax regulations.

• Tax Credits and Deductions: Be aware of tax-saving opportunities, such as deductions for investments and expenses. Ensure you claim these where applicable.

• Consult a Professional: If your tax situation is complicated, consider consulting a tax professional to ensure accurate tax filing and avoid errors.

Conclusion

Filing your income tax return online in Bangladesh is a simple and efficient process, thanks to the NBR’s e-Return system. By following the step-by-step instructions above, you can easily complete your tax return for the fiscal year 2024-25. Remember to keep track of your income documents, investments, and deductions to ensure accurate filing. Always file your returns on time and, if in doubt, seek professional assistance to avoid penalties and ensure compliance.

For more detailed guidance, you can always refer to the NBR’s official resources or get in touch with a tax advisor to ensure everything is done correctly. Happy filing!