1. Go to any website that aids e-filing of your Income Tax Return eg: http://www.cleartax.in/
2. Create an account by typing in your email address and choosing a password
3. Fill in Permanent Information such as your Name, PAN number, Date of Birth and Father's Name.
4. If you earn Income from Salary, then specify the Income charge-able under the head ‘Salary’. Also specify the name of your employer. Here is detailed guide to understanding your Form 16
5. If your employer has deducted TDS, specify the amount they deducted. Also specify their TAN number and Address. You should find this in your Form 16 Click on "Save" to continue. If you have multiple Form-16s (In case you have you changed jobs during the year), then click on the bottom right where it says "I want to add another Form-16".
6. If you earn Income from Bank Interest, Fixed Deposits, etc - you can declare this income here. Specify the total Interest earned by you during the Financial Year 2011-12.
7. For those who pay an EMI on housing loan, you can claim the Interest paid on the loan as a tax deduction. The upper limit is Rs. 1,50,000 on Self Occupied House Property (House that is your residence). You can skip ahead if you don't own a House Property.
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