Income Tax Filing: Eligibility for ITR-1 Sahaj and Online Filing Guide

Fulfilling your annual Income Tax Return (ITR) obligation is a crucial task for Indian citizens. The process can be overwhelming, particularly when faced with the decision of selecting the appropriate ITR form. Let’s demystify ITR-1 (Sahaj), the widely used form, and comprehend who should utilize it and the steps involved.

Who Should File ITR-1?

ITR-1 is a streamlined one-page form tailored for individuals with an annual income of up to Rs 50 lakh, who are residents but not ordinarily residents (ROR). This encompasses income from various sources such as salary, pension, one house property (excluding losses carried forward), and other sources (excluding winnings from lotteries and racehorses). In cases of clubbed Income Tax Returns, involving a spouse or a minor, it applies only if their income falls within the specified limits.

Step-by-Step Guide to Online ITR-1 (SAHAJ) Filing

1. Visit the Income Tax e-filing portal.
2. Register or log in to your account.
3. Navigate to e-file > Income Tax Returns > File Income Tax Return.
4. Select the Assessment Year (AY) as 2023-24 and choose the filing mode as ‘Online.’
5. Click on ‘Start New Filing.’
6. Choose your applicable status.
7. Select ITR-1 as the form type.
8. Click on ‘Let’s Get Started.’

ITR Verification: Step-by-Step Guide to Verify Income Tax Returns Online

9. Choose the appropriate reason and ‘continue.’
10. Fill up five sections:
    • Personal Information: Provide basic details such as full name, PAN, Aadhar number, contact information, and bank account details.
    • Gross Total Income: Enter and verify income from all sources and details of exempt income.
    • Total Deductions: Claim deductions under relevant sections like 80C, 80D, 80TTA, etc.
    • Tax Paid: Display tax payments made from various sources, including TDS, TCS, Advance Tax, and Self-Assessment Tax.
    • Total Tax Liability: Check the computed tax liability based on the information provided in the previous sections.
11. Double-check the summary of tax computation for accuracy.
12. Rectify errors, if any, and complete the validation.
13. E-verify the ITR.

Note: Before initiating the filing process, it’s essential to be aware that the income tax department mandates all taxpayers to link their Aadhaar card with their PAN on the income tax department website.

Also Read

Comprehensive Guide to Standard Deduction in the New Tax System