Filing income tax returns (ITR) is an essential responsibility for salaried individuals in India. The ITR-1 form is specifically designed for individuals with income from salary, pension, or interest. This article aims to provide a step-by-step guide to help salaried individuals file their ITR-1 accurately and efficiently.
Ensure that you meet the eligibility criteria for filing ITR-1. This form is applicable to individuals with the following income sources:
Collect the necessary documents and information to file your ITR-1, including:
Visit the official Income Tax e-Filing portal ( https://www.incometax.gov.in/iec/foportal/) and register if you haven’t done so already. Provide your PAN, name, date of birth, and other required details to create an account.
Fill in the required details accurately. Enter your personal information, income details, deductions, exemptions, and tax computation as applicable. Ensure that you provide accurate information and double-check for any errors.
Once you have filled in all the details, validate the form to ensure it meets the required format and contains all the necessary information. The validation process will highlight any errors or missing entries that need to be corrected.
After Validation choose one of the available methods for verification, such as Aadhaar OTP, net banking, or sending a signed physical copy (ITR-V) to the Centralized Processing Center (CPC) within 30 days. Follow the specific instructions for the chosen verification method.
Once the verification process is complete, you will receive an acknowledgment on the e-Filing portal. The acknowledgment serves as proof of filing your ITR-1. Save it for future reference.
That’s it! You have successfully filed your ITR-1 online. Remember to keep a copy of the filed ITR and other relevant documents for your records.
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