SBI customers can file ITR for free from their homes

Filing income tax returns (ITR) is always a complicated and daunting task for the common man. Almost everybody takes the help of a professional to file income tax. Probably for the first time the largest lender of the country, State Bank of India (SBI) is offering a simple and free filing of ITR to its customers through the YONO app. With the help of only five documents one can file his/her income tax within a few minutes. This facility is available only in this app, said the bank.

What is the process

Taxpayers need to Login on YONO app from his/her registered mobile number. Then go to ‘Shop and Order’ section.

By clicking the option you will get ‘Tax and Investment’ option. There select ‘Tax2Win’ to file their ITR. It’s free service. After clicking the option, one has to submit all relevant documents and information to complete the process. It will take 15-20 minutes maximum to complete the filing.

Besides, taxpayers would receive e-CA assistance for just Rs 199 from the YONO app itself. SBI is the first bank to offer this service free of cost to its customers. This is a limited time offer and will be available till October 31, 2021.

Do you want to file an ITR? You can do it FREE with Tax2win on YONO. All you need is 5 documents. Download now: https://t.co/BwaxSb3HYQ#YONO #Tax2Win #ITR #Offer pic.twitter.com/NXB32NNB60

— State Bank of India (@TheOfficialSBI) October 5, 2021

The documents

To file an ITR from YONO app one need some basic documents. The documents are PAN card, tax deduction details, Aadhaar card, interest income certificates of the current fiscal year, Form-16 and Investment proofs for tax savings.

If you have all these documents and have YONO app then you can file your ITR very easily.

Date extended

In September the Central Board of Direct Taxes (CBDT) decided to extend the due dates for filing of IT returns and various reports of audit for the assessment year 2021-22.

The previous due date was July 31, 2021 which was extended to September 30, 2021 and again extended till December 31, 2021.

The due date of furnishing of report of audit for the fiscal year 2020-21, which was September 30, 2021, was also extended to January 15, 2022.

India’s tax picture

According to Income Tax Department data, only 5.95 crore ITRs for assessment year 2020-21 were filed till January 10, 2021, as compared to 5.67 crore ITRs filed for the previous assessment year.

In the assessment year 2021-22 tax department is aiming to raise it by 6%-7%. The total population is more than 135 crore, of which almost 50% population is aged between 20 years and 64 years.