How to File Your ITR in 3 Minutes Using TaxBuddy’s DIY Platform

Bhavika Rajput
11 hours ago
9 min read

Filing your Income Tax Return (ITR) can be a daunting task, but with the right tools, it doesn’t have to be. The TaxBuddy DIY platform simplifies the entire process, allowing you to file your ITR in just a few minutes. Whether you're filing your taxes for the first time or are a seasoned filer, this platform streamlines the experience with its user-friendly interface and step-by-step guidance. Let us understand how to file your ITR in just three minutes using TaxBuddy’s DIY platform, covering everything from the basics of the platform to common mistakes you should avoid.

Steps to File Your ITR in 3 Minutes
Step-by-Step Guide to Using TaxBuddy’s DIY Platform
Advantages of Using TaxBuddy’s DIY Platform
Who Should Use TaxBuddy’s DIY Platform?
Common Mistakes to Avoid While Filing DIY
Conclusion
FAQs

Steps to File Your ITR in 3 Minutes

Filing your ITR doesn't need to be a long process. With TaxBuddy’s DIY platform, you can file your return in as little as three minutes by following these simple steps:

Sign In: Log in to your TaxBuddy account using your registered email or mobile number. If you're a new user, creating an account is quick and easy.
Upload Form 16: Upload your Form 16, the most critical document for salaried individuals. TaxBuddy automatically extracts your income details and TDS information from the form.
Review Your Details: TaxBuddy will auto-populate most of your information, including your income and tax deductions. You simply need to review the details, verify them, and make any necessary adjustments.
Submit Your Return: Once you've reviewed and confirmed your details, submit your ITR. TaxBuddy will file it directly with the Income Tax Department, ensuring all necessary steps are followed.

With just these four simple steps, you can file your taxes quickly and efficiently using TaxBuddy’s DIY platform.

Step-by-Step Guide to Using TaxBuddy’s DIY Platform

TaxBuddy's DIY platform is designed to make the ITR filing process as smooth as possible. Here’s a detailed guide on how to use the platform:

Create an Account: Begin by registering with TaxBuddy. Enter your basic details like name, email, and mobile number to create your account.
Upload Your Documents: The platform allows you to upload essential documents like Form 16, bank statements, and other income-related documents. For salaried individuals, Form 16 is the key document, but for freelancers and business owners, other documents may be required.
Auto-Population of Details: Once your documents are uploaded, TaxBuddy uses advanced algorithms to auto-fill your personal details, income information, and TDS data. This significantly reduces the time you would normally spend filling out forms manually.
Review and Edit: The next step is to review the populated details. You can easily add any additional income, deductions, or exemptions that might apply to you.
Verify and Submit: Once you’re satisfied with the details, you can submit your return. The platform ensures that all calculations are correct before filing. You’ll receive an acknowledgment receipt once your ITR is successfully filed.

TaxBuddy’s DIY platform guides you through the entire process, making tax filing accessible and hassle-free.

Advantages of Using TaxBuddy’s DIY Platform

Ease of Use: The platform’s intuitive interface makes it easy for anyone to file their taxes, even without prior tax knowledge. With step-by-step guidance, it simplifies the entire process.
Time Efficiency: Filing your ITR is quicker than ever. What typically takes hours or even days can now be completed in just minutes, saving you both time and effort.
Accuracy: The platform auto-populates your data from reliable documents like Form 16, reducing the chances of errors. It also performs automatic calculations, ensuring that everything is accurate.
Cost-Effective: TaxBuddy’s DIY platform allows you to file your ITR without needing to pay for expert assistance, making it a budget-friendly option for those who want to file independently.
Security: TaxBuddy uses high-grade encryption and security protocols to protect your personal and financial data, ensuring your information is safe and confidential.
Instant Filing: Once your return is complete, TaxBuddy instantly files it with the Income Tax Department, which means you don’t have to worry about post-filing delays.

Who Should Use TaxBuddy’s DIY Platform?

TaxBuddy's DIY (Do-It-Yourself) platform is designed for individuals who prefer to handle their own Income Tax Return (ITR) filing in a straightforward and cost-effective manner. The platform provides all the necessary tools, templates, and guidance to help you file your taxes independently. Below are some key reasons why certain individuals would benefit from using TaxBuddy’s DIY platform:

1. Have Simple Income Structures

If your income sources are limited to a salary, pension, or any other straightforward income stream, and you receive a Form 16 from your employer, TaxBuddy’s DIY platform is a great option for you. Individuals with basic income structures that do not involve complex deductions, multiple income sources, or capital gains will find the platform particularly user-friendly. For example, salaried individuals who only need to claim standard deductions, HRA, or deductions under Section 80C will be able to complete their filing quickly and accurately with minimal effort.

In these cases, the DIY platform allows users to easily upload their Form 16, auto-populate relevant data, and complete the filing process in a matter of minutes. There is no need to worry about complex tax planning or navigating through intricate sections of the Income Tax Act.

2. Want to File Independently

TaxBuddy’s DIY platform is ideal for individuals who feel confident in managing their own taxes. If you are comfortable understanding your income tax requirements and do not wish to rely on tax professionals, this platform provides you with all the necessary resources to complete your ITR filing independently.

The platform guides you step-by-step through the filing process, from entering personal details and income information to selecting applicable deductions. You will also be able to track your progress at every stage, ensuring you complete all the required sections without missing any important details. The process is intuitive and easy to follow, making it suitable for those who prefer a hands-on approach.

3. Need a Quick Solution

Tax filing can often feel like a time-consuming process, but for individuals who are short on time, TaxBuddy’s DIY platform offers a fast and efficient solution. If you're facing a tight deadline, such as the end of the financial year or an impending due date for filing, the platform enables you to file your ITR in just a few minutes.

The auto-population of data from your Form 16 and other tax documents significantly reduces the time you need to spend on manual data entry. Additionally, TaxBuddy’s intuitive interface ensures that you can quickly navigate through the steps, making it an excellent choice for individuals who need to file their returns swiftly without any unnecessary delays.

4. Prefer a Cost-Effective Option

For individuals who prefer not to incur the costs of hiring a tax professional or tax consultant, TaxBuddy’s DIY platform offers an affordable alternative. Filing your ITR independently using the platform allows you to save on professional service fees while still ensuring that your return is filed accurately and on time.

The platform offers a range of pricing options depending on the services you require, with many basic features available at a low cost or even free of charge. This makes it an ideal choice for individuals who want to keep their tax filing costs minimal but still benefit from a simple and reliable filing solution.

Common Mistakes to Avoid While Filing DIY

Missing or Incorrect Data: Always double-check your Form 16 and other documents for accuracy before submitting them. Missing or incorrect information can delay your filing and trigger scrutiny from the tax authorities.
Overlooking Deductions: Many taxpayers overlook deductions under sections like 80C (investments in PF, life insurance) or 80D (health insurance premiums). Be sure to review all possible deductions to reduce your taxable income.
Not Verifying TDS Credits: Ensure that the TDS credits reflected in your return match the details in Form 26AS. Any discrepancies can cause delays in your refund.
Filing Under the Wrong Tax Regime: Taxpayers should carefully choose between the old and new tax regimes, as the choice can impact their tax liability. TaxBuddy helps you make this decision based on your financial profile.
Filing Late: While the due date is extended, filing late can still lead to penalties and delayed refunds. Always aim to file as soon as you have all the necessary information.

Conclusion

TaxBuddy’s DIY platform is designed to make tax filing quick, simple, and accurate. Whether you're a salaried individual, freelancer, or small business owner, this platform streamlines the process, allowing you to file your return in just a few minutes. With its user-friendly interface, automated calculations, and robust security, TaxBuddy is the perfect solution for those looking to file independently without stress or mistakes.

For anyone looking to simplify their tax filing process and avoid the hassle of manual calculations, TaxBuddy’s DIY platform is the way to go. Download the TaxBuddy mobile app for a seamless, secure, and hassle-free experience.

FAQs

Q1: How long does it take to file ITR using TaxBuddy’s DIY platform?

TaxBuddy’s DIY platform is designed for speed and efficiency. Once you have uploaded all the required documents (like Form 16, bank statements, etc.), filing your ITR can take as little as 3 minutes. The platform guides you through each step, ensuring that even complex filings are handled swiftly and accurately.

Q2: Is TaxBuddy’s DIY platform safe to use?

Yes, TaxBuddy prioritizes the security of your personal and financial data. The platform uses advanced security protocols, including encryption and secure servers, to protect your information. Your sensitive data, such as PAN and bank details, is stored securely and handled with the utmost care, ensuring a safe filing process.

Q3: Can I file my ITR using TaxBuddy if I am not tech-savvy?

Absolutely! TaxBuddy’s DIY platform is designed to be user-friendly and intuitive. With simple prompts, clear instructions, and easy navigation, even users with minimal technical knowledge can file their taxes with confidence. The platform walks you through the process step by step, making tax filing easy for everyone.

Q4: Does TaxBuddy offer assistance for complex tax filings?

Yes, TaxBuddy provides expert-assisted filing services for individuals with more complex tax situations. If your tax scenario involves multiple income sources, investments, or deductions, TaxBuddy’s tax professionals can guide you through the filing process, ensuring accuracy and compliance.

Q5: How do I track my refund status after filing through TaxBuddy?

After filing your ITR through TaxBuddy, you can track the status of your refund through the official Income Tax Department’s e-filing portal. You can also reach out to TaxBuddy’s support team for assistance in tracking the status or if you need guidance on any issues related to your refund.

Q6: Can I revise my ITR filed through TaxBuddy’s DIY platform?

Yes, if you realize that there are mistakes or omissions in your ITR after filing, TaxBuddy allows you to file a revised return. The process is straightforward, and TaxBuddy provides guidance on how to correct errors and ensure that your filing is accurate.

Q7: What documents do I need to upload to use TaxBuddy’s DIY platform?

To get started with TaxBuddy’s DIY platform, you’ll typically need your Form 16 (if you are a salaried employee), bank statements, and any other income-related documents such as receipts for investments, tax-saving instruments, or business income details. TaxBuddy’s platform will guide you through the specific documents required for your filing based on your situation.

Q8: Does TaxBuddy provide support for tax-related questions?

Yes, TaxBuddy offers customer support for any questions you may have during the tax filing process. Whether you're unsure about specific deductions, how to categorize income, or need help with technical aspects of the filing, TaxBuddy’s support team is available to provide assistance and resolve any issues.

Q9: How much does it cost to file using TaxBuddy’s DIY platform?

TaxBuddy offers an affordable pricing structure for its DIY platform, making it an accessible option for most taxpayers. The platform provides cost-effective filing without compromising on quality or support. The pricing is transparent, and there are no hidden fees—just a straightforward fee for the service you need.

Q10: Is there any help available if I encounter errors while filing?

Yes, TaxBuddy’s DIY platform includes built-in error-checking features and helpful prompts to guide you through the filing process. If any issues arise or if you make an error during the filing, the platform provides suggestions and corrections to help you fix them before submission, minimizing the chance of mistakes.

Q11: What should I do if I miss the ITR filing deadline?

If you miss the ITR filing deadline, you can still file a belated return until December 31, 2025, for the Financial Year 2024-25. However, be aware that penalties and interest will apply for late filings. TaxBuddy can help you file a belated return smoothly, ensuring that you remain compliant and minimize any penalties.

Q12: Can I use TaxBuddy’s DIY platform if I’m filing under the new tax regime?

Yes, TaxBuddy’s DIY platform supports both the old and new tax regimes. The platform helps you evaluate both options and choose the one that provides the most benefit based on your income, deductions, and financial situation. It guides you through the necessary steps, whether you opt for the old regime with exemptions or the new regime with reduced tax rates.