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Are you confused about how to file your ITR 1 when you have a salary income? Filing your income tax return (ITR) can be a daunting task, especially if you are new to the process. In this article, we will guide you through the steps involved in filing your ITR 1 when you have a salary income.
ITR 1 form, also known as Sahaj form, is used by salaried individuals who have income from salaries, one house property, and other sources like interest income, etc. It is one of the most commonly used forms for filing income tax returns for individuals.
ITR filing last date for Financial Year 2023-24 (AY 2024-25) is July 31, 2024. However, if you miss filing within the due date, you can still file a belated return before December 31, 2024.
Before you start filing your ITR 1, make sure you have all the necessary documents handy. This includes your Form 16 from your employer, bank statements, and details of any other income you may have earned during the financial year.
Visit the official Income Tax e-filing portal and log in using your user ID and password. If you are a new user, you will need to register on the portal first.
Once you are logged in, select the ITR 1 form for the relevant assessment year. Make sure to choose the correct form based on your income sources.
Enter your personal details, income details, deductions, and taxes paid in the respective sections of the form. Be sure to double-check the information you enter to avoid any errors.
After filling in all the details, validate the information and generate an XML file. Submit the form on the portal and verify it using Aadhar OTP, net banking, or by sending a signed physical copy to the Income Tax Department.
Yes, you can file ITR 1 if you have income from sources like one house property, interest income, or pension, in addition to your salary income.
No, you do not need to attach any documents while filing ITR 1 online. However, it is advisable to keep all your documents handy for verification purposes.
The due date for filing ITR 1 for salaried individuals is usually July 31st of the assessment year. However, the due date may vary depending on any extensions granted by the Income Tax Department.
