ITR 1 form is most important form for income tax returns because it is applied to salaried employees mostly.We are providing steps to file ITR 1 on income tax efiling website.Filing returns on income tax website is free and easy.
Steps for ITR 1 form submission are as follows:
Click e-file ITR 1 online
You will get Login form and enter login details using PAN or else register yourself.
Once you get logged in,you will see the ITR1 form.
Click on personal details and fill them.
Click and enter your income details from salaries,house property etc after entering personal details
Enter section 80C deduction amount.
Salary income as per form 16 in B1
Other income entered in B3.
Click tax details
Click Taxes paid and validation,here you can see refund amount or balance amount.
Enter bank details in D20.
Final step is click submit to file return.
The tax filing process is invalid unless your ITR V is verified.You can electronically verify or mail the signed ITR V to the processing centre in Bangalore within 120 days of filing the return.
Eligibility for ITR 1 form
All individuals cannot use ITR 1 form for income tax filing.
Income from salary or pension.
Income from one house property.
Income from other sources like interest income.
Who cannot use ITR 1 form are
Income from more than 1 house property.
Income from lottery or races.
Capital gains income.
Asset having outside india.
ITR 1 Form due date
31st July of next financial year is due date for ITR 1 form submission.
Follow these easy steps and e-file your income tax return.Last date of filing ITR 1 form is generally July 31 of every year.