E-filing ITR-1: All you need to know

NEW DELHI: As the monetary year starts, you want to gather proofs of source of revenue, investments, bank statements and bills to dossier your source of revenue tax return. If you are a salaried or pension-earning individual, practice the simple steps indexed under to dossier form ITR-1.

Conditions: ITR-1 will also be filed simplest through resident people who have source of revenue of as much as ₹50 lakh. The source of revenue will also be from either of the next sources simplest:

• Salary or pension

• One assets

• Other sources reminiscent of interest source of revenue

Documents required: To dossier ITR-1, the next paperwork are needed:

• PAN

• Aadhaar

• Form 16 issued through the employer

• Form 26AS from TRACES

Where to dossier:

To e-file a tax return, you should seek advice from the website online www.incometaxindiaefiling.gov.in and register with an user identity (PAN) and password. If you are already registered, simply click on the registered user tab and upload your login credentials to access the dashboard.

Process: Click on the ‘source of revenue tax return’ web page. Select evaluate year, ITR form and submission mode. You can select the ‘Prepare and publish online’ option and select the pre-filled fields. Click on an appropriate e-verification option. General knowledge like personal details need to be crammed.

Income computation:

Next, you're going to be taken to the computation web page. After adding data in the tax computation details, the tax payable shall be generated.

Submission of return: You pays tax due the usage of Netbanking or your debit card. Once all details are crammed and verified, a preview of the ITR shall be proven for verification and adjustments, if any. If you are glad with the main points entered, publish the return and complete the process.