ITR-1, also known as the Sahaj form, is an income tax return form designed for resident individuals with specific income sources. This form is suitable for salaried individuals, pensioners, and those with income from one house property, salary, pension, and other sources like interest income. To file ITR-1, taxpayers must have a PAN card and link it with their Aadhaar card, which is now mandatory for income tax return filing.
The filing process involves several key steps on the Income Tax e-Filing portal. Taxpayers need to log in, select the appropriate assessment year (currently 2024-25), choose the online filing mode, and select ITR-1 as their form type. The form consists of five pre-filled sections that require validation and editing personal During filing, individuals must provide details about their income sources, claim eligible deductions under sections like 80C and 80D, and review their tax computation.
After completing the form, taxpayers must review their tax summary, which displays gross income, taxable income, tax liability, and potential refunds. The filing can be done under either the old or new tax regime, with many platforms helping taxpayers choose the most tax-efficient option. The final steps involve submitting a self-declaration and e-verifying the return using an OTP sent to the registered mobile number, completing the ITR-1 filing process.
Go to the official Income Tax e-filing website at www.incometax.gov.in. If you are a new user, you will need to register for an account using your Permanent Account Number (PAN). If you already have an account, simply log in with your credentials.
Once logged in, navigate to the "e-File" menu on the dashboard and select "Income Tax Returns" followed by "File Income Tax Return." Choose the relevant assessment year for which you are filing the return.
Select the correct ITR form based on your income sources and category. For example, individuals with income from salary and one house property can use ITR-1 (Sahaj). Ensure that you select the mode of filing as "Online."
Complete the online form by entering all necessary details, including personal information, income details, deductions, and tax payments. Review all pre-filled information carefully. Ensure that you disclose all relevant income and claim eligible deductions.
After filling in all details, proceed to submit your return. You will need to verify your return after submission using one of the available methods: Aadhaar OTP, Electronic Verification Code (EVC), or by sending a signed physical copy of ITR-V to CPC, Bengaluru within 30 days. Failure to verify will result in your return being considered invalid.
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