This is one of the final steps in ITR1 form that you need to fill. Under the 'Taxes Paid & Verification' tab of ITR1, you are required to enter details of tax exempt income, details of your bank account and fill the verification sub-section.

Here's how to fill in details of exempt income, bank details and declaration in ITR1.

Tax exempt income
Even though you are not required to pay any tax on exempt incomes, you have to report them in your income tax return. All the incomes are to be reported in 'Exempt Income (For reporting purpose)'under the fifth tab.

The first row of this section in ITR1 asks you to provide details of the long-term capital gains (LTCG) exempted under section 10(38). These LTCG arise from the sale of equity shares, equity-oriented mutual funds, and units of business trust after holding them for more than 12 months.

Therefore, if you have sold any equity shares and/or equity-oriented mutual funds and/or units of business trust, held for more than 12 months, between 1, April, 2017 and 31 March, 2018, then you are required to report LTCG, if any, in this row.

The next row asks you to provide the dividend received by you on shares held in domestic companies. Total dividend received by you must be reported in the cell corresponding to this row. Make sure that your total dividend income does not exceed Rs 10 lakh in a year. If it does, you will not be able to file your return using ITR1.

If you have earned agricultural income below Rs 5,000 during the financial year, you will have to report it in ITR1. Naveen Wadhwa, DGM, taxmann.com says, "If the agriculture income exceeds Rs 5,000, then you are not eligible to file ITR-1. You are required to file your tax return in other ITR forms."

Allowances received by you can be fully or partially taxable. In case you have received allowances that are partially taxable, you are required to report the exempt portion from these allowances in the 'Others' cell.

You are required to select type of allowance such as house rent allowance, leave travel allowance etc. for which you have claimed tax-exemption and enter the exempt amount.

Apart from allowances, there are various other payments received which are tax-exempt in nature such as maturity amount from Public Provident Fund (PPF), Employees' Provident Fund (EPF), life insurance policies etc. If you have received any of the tax-exempt incomes as mentioned in the drop down menu, select the type of payment received and enter the amount received by you.

Once you have filled all the exempt income details, you have to fill in your bank details. According to income tax laws, you are required to provide details of all the bank accounts that are currently held by you, excluding the dormant accounts.

According to the Reserve Bank of India (RBI), dormant accounts are those where no transactions have taken place for two years. Transaction here means both, debit and credit transactions.

If you have more than one bank account, then you are required to select the primary account in which you wish to receive the tax refund due, if any.
Once you have entered your bank details, you will have to fill the up the verification field. Under this you, are required to give a declaration that all the details provided by you in your ITR is correct and in accordance with the Income-tax Act.

You are required to mention the status as an assessee. If taxpayer is filing his return, then 'INDIVIDUAL' shall be filed in the cell. However, if return is filed as representative assessee due to death of taxpayer, then tax return cannot be filed in ITR-1. This is because ITR-1 does not provide option to file tax return on behalf of a taxpayer.

If you have claimed deduction under section 80G, ensure that you have entered information as required in the sixth tab '80G'. Once information in all the required tabs have been filled by you, click on 'Preview and submit'.

Once you click on this, your computer screen will show you the details filled by you in the return. Check that correct information is reflecting before making a final submission.

'Submit' to make final submission. Once submitted, you will be required to verify your return. Click here to know 6 ways to verify your income tax returns.