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All you need to know How to file ITR-1 Sahaj form online for AY 2021-22
May, 07th 2021

ITR-1 is also known as Sahaj Form, it is for people with an income up to Rs. 50 lakhs. Check here the step-by-step guide to file the ITR-1 Sahaj form online.

To make tax compliance easier, the income tax department has categorized taxpayers into many groups based on income and its source. So, you need to file your returns accordingly. ITR-1 is also known as Sahaj Form, it is for people with an income up to Rs. 50 lak

Sahaj stands for “Easy” in Hindi and any salaried person including pensioners, family pension holder and person earn income by interest can use this form to file ITR.

All the documents enclosed with this Return Form will be detached and returned to the person filing the return. In ITR-1, you are required to provide general information such as name, PAN, and so on.

 

Who is Eligible to File ITR-1 Form:

  • A person who has, income from Salary/Pension.
  • A person who has, income from One House Property (excluding cases where loss is brought forward from previous years).
  • A person who has, income from Other Sources (excluding winning from the Lottery and Income from Race Horses).
  • In the case of clubbed Income Tax Returns, where a spouse or a minor is included, this can be done only if their income is limited to the above specifications.

 

Structure of ITR-1 Form:

  • Part A: Personal Details.
  • Part B: Gross Total Income.
  • Part C: Deductions and Taxable Total Income.
  • Part D: Tax Computation and Tax Status.
  • Schedule IT: Details of Advance Tax and Self-Assessment Tax Payments.
  • Schedule TDS1: Details of Tax Deducted at Source from Salary (As per Form 16 issued by employer).
  • Schedule TDS2: Details of Tax Deducted at Source from Income other than Salary (As per Form 16A, issued by Deductor(s)).
  • Supplementary Schedules TDS1, TDS2, and IT.

 

 

You can submit your ITR-1 Form either online or offline. From the Financial Year 2013-14, all taxpayers earning more than Rs. 5 lakhs must furnish their Income Tax Returns electronically.

 

Offline:

  • By furnishing a return in a physical paper form.
  • By furnishing a bar-coded return.
  • The Income Tax Department will issue you an acknowledgment at the time of submission of your physical paper return.

 

Online/Electronically:

  • By furnishing the return electronically under digital signature.
  • By transmitting the data electronically and then submitting the verification of the return in Return Form ITR-V.

If you submit your ITR-1 Form electronically under digital signature, the acknowledgment will be sent to your registered email ID. You can also choose to download it manually from the income tax website. You are then required to sign it and send it to the Income Tax Department's CPC office in Bangalore within 120 days of e-filing.

 

Documents required for filling ITR-1 Form:

  • Form 16s, issued by all your employers for the given Financial Year.
  • Form 26AS - remember to verify that the TDS mentioned in Form 16 matches the TDS in Part A of your Form 26AS.
  • If you have not been able to submit proof of certain exemptions or deductions (such as HRA allowance or Section 80C or 80D deductions) to your employer on time, keep these receipts handy to claim them on your income tax return directly.
  • PAN card.
  • Interest from bank account details - bank passbook or FD certificate.
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