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ITR filing FY 2020-21: ITR-1 Sahaj for salaried individuals comes with a minor change this time, all you must know
December, 08th 2021

The last date to file Income Tax Return (ITR) is December 31. In order to avoid last minute hassle, it is advised that you file your ITR before time.

This year's income tax return will be filed for the Assessment Year 2021-22 or FY 2020-21. The ITR this year is applicable for income earned between April 1, 2020 and March 31, 2021. (Also read: Know your Income Tax slab, check detailed table here)

 

This year, tax filers, filing ITR FY 2020-21 can choose the New Tax Regime which has caused minor changes in all the ITR forms except ITR form 7. Whether or not a tax filer is opting for the new tax regime must be clearly mentioned. The simple declaration is for filing ITR-1 (Sahaj) while others will have to file a separate form 10IE or 10IF.

Meanwhile, salaried individuals must keep these 9 Checklist of documents or information for filing ITR-1 SAHAJ

 

1. General Information

PAN

 

 

Aadhaar card number

2. Salary/Pension: Form 16 from Employer(s)

3. Income from house property

Rent receipt

Housing loan account statement for deduction of interest
 

4. Other sources

Bank Statement/passbook for interest on saving account and on fixed deposits

 

5. Claim of deduction under chapter VI-A

Your contribution to PF/NPS

Your Children's school tuition fees

Life insurance premium reciept

Stamp duty and registration charges

Principal repayment on your home loan

Equity Linked Saving Scheme/Mutual funds investments

Reciept with details of donations eligible for 80G

The aggregate amount of deduction admissible u/s 80C, 80CCC AND 80CCD(1) and shall be restricted to maximum limit of Rs 1.5 lakh.

 

6. Fill up Schedule Dl if you have made any investment/deposit/payments between April 1, 2020 to July 31, 3030 for the purpose of claiming any deduction under Part B of Chapter VIA

 

7. Tax Payment Details

Verify the tax payment details as available in your form 26AS.

 

8. TDS Details

Verify the TAN details and the amount of credit available in your form 16 (For salary), 16A (non Salary) and 16C (Rent)

PAN/Aadhaar of Tenant

 

9. Other information

Exempt income like agricultural income, dividend (only for reporting purpose)

Details of all active bank accounts held in India (Minimum one account should be selected for refund credit)

Form 10E in case relief u/s 89 is claimed

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