5. Once you successfully file your returns online, your ITR-Verification form will be sent to your registered e-mail ID (if you do not have a digital signature). Get a print out of the ITR-V, sign it and send it by ordinary/ speed post to the -

Income Tax Department-CPC,

Post Bag No 1,

Electronic City Post Office,

Bengaluru, Karnataka 560100.

You should do this within 120 days of filing your returns on-line. On the home page of the e-filing website mentioned earlier, do read the link on the "Dos and Don'ts for printing and submitting of ITR-Vs" - https://incometaxindiaefiling.gov.in/portal/Dos_Dnot_ITRV_printing.html

6. Websites like Taxspanner.com, Taxyogi.com, Taxsmile.com, taxshax.com, myITreturn.com, EasyITfiling and Etaxmentor offer e-filing of tax returns. The rates differ on whether you take a basic package or a more advanced one where services such as a professional going through the returns and other facilities are provided.

Tax terms you must know

Here are few tax terms with whom you must be familiar with, before going through the process of filing IT returns online.

1. Financial Year (FY)

Income earned in the 12 months from April 1 to March 31 is the FY.