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Form at a Glance. ITR-1 has five pre-filed sections that need to be validated/ edited before submitting it, and one summary section which is required to be reviewed for tax computation. The sections are as follows: Personal Information. Gross Total Income. Total Deductions. Tax Paid. Total Tax Liability.
Common Offline Utility for filing Income-tax Returns ITR 1, ITR 2, ITR 3 and ITR 4 for the AY 2024-25.
ITR-1 can be filed by a Resident Individual whose: Total income does not exceed ₹ 50 lakh during the FY. Income is from salary, one house property, family pension income, agricultural income (up to ₹5000/-), and other sources, which include: Interest from Savings Accounts. Interest from Deposits (Bank / Post Office / Cooperative Society)
Jul 11, 2024 · Income Tax Return (ITR) is a form in which the taxpayers file information about their income earned and tax applicable, to the income tax department. The department has notified 7 forms i.e. ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6 & ITR-7 to date. Every taxpayer should file his ITR on or before the specified due date.
Jun 5, 2024 · Salaried resident individuals having a maximum income of Rs 50 lakh within a financial year need to choose the ITR 1 form while filing their returns. Here are the criteria that determine their applicability: The income source should be salary or pension. Income should be from a single property.
6 days ago · ITR-1 is a simplified one-page form for individuals receiving income of up to Rs 50 lakh from the following sources : Income from salary/pension (from one or multiple employers) Income from one house property (excluding cases where loss is brought forward from previous years)
May 23, 2024 · File ITR-1 (Sahaj) - Explore ITR-1, the income tax return form for salaried individuals, and understand its applicability, components, and filing procedure.
