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Income Tax Return ITR-1 (SAHAJ)


ITR 1

Every individual or HUF whose total income exceeds the maximum amount which is not chargeable to income-tax is obligated to furnish his return of income, The maximum amount not chargeable to income tax in case of different categories of individuals is as follows:-

Category Amount
Resident Individuals whose age is below 60 years Rs. 2,50,000
Resident Individuals whose age is 60 years or more but less than 80 Years Rs. 3,00,000
Resident Individuals whose age is 80 years or more Rs. 5,00,000
Non-Resident Individual* Rs. 2,50,000

*For Non-Resident Individual the benefits of  Senior citizen and super senior citizen does not apply

ITR-1 :- For Salaried Individuals

Individual who has income only from the following sources can file ITR-1

  • Income from Salary/ Pension or
  • Income from One House Property (excluding cases where loss is brought forward from previous years) or
  • Income from Other Sources (excluding winning from lottery and income from Race Horses)

Note:-Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used only if the income being clubbed falls into the above income categories.



Individuals who has any income from the following sources cannot use ITR-1

  • Income from more than one house property or
  • Income from winnings from lottery or income from Race horses or
  • Income from short-term capital gains or long-term capital gains from sale of house, plot, shares etc. or
  • Agricultural income in excess of  Rs. 5,000 or
  • Income from Business or Profession or
  • Loss under the head other sources or
  • Any Person claiming relief under section 90 and/or 91(double taxation relief)
  • If any Resident Individual who has any Income from any source outside India or has any asset outside India or has signing authority in any account located outside India cannot file ITR-1.

No documents needed to be attached while filing the ITR-1 Including from 16, Form 16A, Form 26AS or any other sheets.

ITR-1 can be downloaded by using the following links

Download ITR-1 in Paper form for the Year 2017




Download ITR-1 in Java Utility for the Year 2017

Download ITR-1 in Excel Utility for the Year 2017

Steps to File ITR-1

The ITR-1 Can be filed by any of the following three different ways

  • By furnishing the return in a paper form
  • By furnishing the return electronically through online E-Filing
  • By furnishing the return through Utility
    • Filing by using Excel Utilty.
    • Filing by using Java Utility

Filing by paper mode

ITR- 1 PDF

Step 1:- Download ITR-1 From the above Link or From Incometaxindiaefiling website

Step 2 :- The ITR is divided in to four parts(Part A, Part B, Part C and Part D). Fill the Downloaded ITR form as Follows

Part A

  • First You have fill the Basic Details such as Name, Pan, DOB, Income tax ward/circle etc.. and
  • Select the status of Tax available from the Part D below i.e., Tax Payable or Tax Refundable or  Nil Tax balance and
  • Select the Residential Status of Individual as Resident or Non-Resident or RBNOR
  • Select the Type of Return Original or Revised Return etc…..

Part B

  • Enter the Total income From Salary/Pension (Recommended Reading : Calculation of Total Income From Salary)
  • Enter Income from House Property if Loss is there enter the value in negative Figure (Income from House Property)
  • Enter Income From Other Sources
  • Enter Gross Total Income by adding the Total of above 3  Items

Part C

  • Calculate deductions under Section 80C to 80U under Income Tax Act  (Recommended Reading : Deduction Under Section 80C to 80U Calculation)
  • Enter the value of deduction under each section in the space provided opposite to each section.

Part D

  • Enter the Tax Computation by using the Calculator ( Download the Income Tax Calculator )
  • The tax status available  i.e., Tax Payable or Tax Refundable or  Nil Tax balance is to be entered in the part A Tax Status

Step 3:- Enter the details of the bank account (i.e., IFS Code of the bank, Bank Name , Account Number and Account Type) only if any refund is due.

Step 4:- The Assessee has to Self declare that All the Above particulars are True for the best of his knowledge and sign.

Step 5 :- Enter the details of the Taxes Paid

  • Enter the details of tax paid as Self assessment tax and Advance Tax paid In the Schedule IT
  • In the Schedule TDS1 enter the details of TDS deducted from the Salary from Form 16/Form 26AS
  • In the Schedule TDS2 enter the details of TDS deducted from other than Salary from Form 16A/Form 26AS
  • Enter the details of TCS if any Tax has collected at source.

Note:-Use additional Supplementary Schedule for TDS deducted on Salary and TDS deducted on other sources if the TDS is deducted from more than 3 deductors.

Step 6 :- If the total Assets and Liabilities at the end of the year is more than 50 Lakhs then the Assessee has to declare the Particulars of the Following Assets

  • Immovable Property
    • Land
    • Building
  • Movable Property
    • Cash In Hand
    • Jewellery, Bullion etc.,
    • Vehicles etc.,

Step 7:- The assessee is also Required to file the ITR-V Acknowledgement also which can be downloaded from the Incometaxindia website

After entering all the above details the assessee can Submit the Income Tax Return (ITR-1) Form along with the filled ITR-V  in the Income Tax Office by Physical mode.

Filing by Using Utility

Step 1:- Download ITR-1 From either Java or Excel Utility and extract the Zip file. Enable macros if the macros are disabled by pressing windows Icon on the top left corner and Excel options-> Trust Center-> Trust Center Settings ->Macro Settings select enable all macros.

Step 2 :-  The ITR is divided in to six Sheets. Fill the Downloaded ITR form as Follows

Sheet 1 Income Details

  • First You have fill the Basic Details such as Name, Pan, DOB, Income tax ward/circle etc.. and
  • Select the status of Tax available from the Step 3 below i.e., Tax Payable or Tax Refundable or  Nil Tax balance; and
  • Select the Residential Status of Individual as Resident or Non-Resident or RBNOR
  • Select the Type of Return Original or Revised Return etc….
  • Enter the Total income From Salary/Pension (Recommended Reading : Calculation of Total Income From Salary)
  • Enter Income from House Property if Loss is there enter the value in negative Figure (Income from House Property)
  • Enter Income From Other Sources
  • Calculate deductions under Section 80C to 80U under Income Tax Act  (Recommended Reading : Deduction Under Section 80C to 80U Calculation)
  • Enter the value of deduction under each section in the space provided opposite to each section.

Sheet 2 Enter the details of the Taxes Paid

  • Enter the details of tax paid as Self assessment tax and Advance Tax paid In the Schedule IT
  • In the Schedule TDS1 enter the details of TDS deducted from the Salary from Form 16/Form 26AS
  • In the Schedule TDS2 enter the details of TDS deducted from other than Salary from Form 16A/Form 26AS

Sheet 3 Enter the details of TCS if any Tax has collected at source.

Sheet 4 Summary of Taxes paid and Tax Status will be taken Automatically from the entered details.

Sheet 5 Schedule applies If the total Assets and Liabilities at the end of the year is more than 50 Lakhs then the Assessee has to declare the Particulars of the Following Assets

  • Immovable Property
    • Land
    • Building
  • Movable Property
    • Cash In Hand
    • Jewellery, Bullion etc.,
    • Vehicles etc.,

Sheet 6 Details of donations entitled for deduction under section 80G.

Notes :- After completing the data entering in each sheet Press Validate available on the top right corner of each Sheet it will show if any errors present in each sheet.

Step 3 :- After entering data in each sheet and validating each sheet, Go to Sheet 1 (Income Details) and press calculate Tax button available on the to Right corner of the Sheet. It will Automatically calculate Tax Liability and Tax Status (Tax Payable or Tax Refundable or  Nil Tax balance)

Step 4 :- After Step 3 You will get you tax status enter the status in the Sheet 1, If any tax is refundable Enter the details of the bank account (i.e., IFS Code of the bank, Bank Name , Account Number and Account Type) in the sheet 4 (Taxes Paid and Verification) for Refund Initiation.

Step 5:- After Step 4 go to sheet 1 and press generate XML the Utility will generate XML in the place where the Utility is saved.

Step 6:- After XML is generated go to efiling website and login with the details and menu bar under e-file -> select Upload Return in the upload return page select ITR-1 and Year of Assessment and chose your XML and Select DSC as Yes if You have digital signature if No select No and press Submit.

Step 7:- After Uploading the Return go to Dashbord->View Returns/Forms and select the ITR you have filed and download ITR and ITR-V

Step 8 :- If DSC is not used at the time of uploading return signed ITR-V has to be sent to the address specified on the top of this article with in 120 days of filing of return.

Note:- Procedure of filing Return by Java Utility is also the same as Filing by Excel Utility.

Filing Return Electronically

Income Tax Return ITR-1 internet

Step 1 : – Login to efiling website and in the menu bar under e-file-> Select Prepare and Submit online ITR.

Step 2 :- Select Year and Return as ITR-1 and Select DSC as yes if you have digital signature and No if you don’t have DSC and submit

Step 3:- The details of Personal information will be already entered in the ITR you need to enter only other details(Same as entering in the Excel Utility)

Step 4 :- After entering all the Details click submit button available on the top of the return.

Step 5:-After Submitting the Return go to Dashbord->View Returns/Forms and select the ITR you have filed and download ITR and ITR-V

Step 6 :- If DSC is not used at the time of uploading return signed ITR-V has to be sent to the address specified on the top of this article with in 120 days of filing of return.

 

The ITR-V  has to be sent to the following Address for Processing.

Post Bag No. 1,

Electronic City Office,

Bengaluru— 560100, Karnataka.