Home GLOBAL NEWS ITR 1 online filing: File ITR 1 Sahaj form for AY 2023-24 in less 15 minutes on incometax.gov.in; watch video – Times of India

ITR 1 online filing: File ITR 1 Sahaj form for AY 2023-24 in less 15 minutes on incometax.gov.in; watch video – Times of India

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ITR 1 online filing: File ITR 1 Sahaj form for AY 2023-24 in less 15 minutes on incometax.gov.in; watch video – Times of India

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ITR 1 online filing on incometax.gov.in: Are you a salaried taxpayer? Are you looking to file ITR 1? It is important to file your Income Tax Return or ITR for Assessment Year 2023-24 before the due date which is July 31, 2023. Most salaried individuals file their ITR through the ITR-1 or the Sahaj form.
Before you start filing your ITR 1 online on the Income Tax Portal, watch the TOI Wallet Talks video in this article which provides a step-by-step guide on the ITR 1 filing process.

ITR1 Filing Online AY 2023-24: File ITR1 Sahaj In Under 15 Mins Step-by-Step On incometax.gov.in

Watch the video above as Shalini Jain, Tax Partner at EY India takes you through the Income Tax Portal explaining each step in detail and showing various sections in the ITR-1 form such as Gross Total Income, Total Deductions, Tax Paid details etc. She also explains the importance of the e-verification of the tax return filing and ways to go about it.
By the end of the video, a salaried taxpayer with his documents handy should ideally be able to complete the process of filing the ITR 1 online in less than 15-20 minutes.
Shalini Jain also details the documents that a taxpayer should keep ready before starting the ITR 1 filing process online. These include; Form 16, Form 16A, Form 26AS, Annual Information Statement (AIS), bank statements, any housing loan certificate, rent receipts, donation receipts, premium payments etc.
Also, it is important to have an active PAN which is linked to your Aadhaar Card before filing the tax return online. You should have a valid User ID and password to log into the Income Tax e-filing portal.
ITR 1 is applicable for an individual who is an Ordinarily Resident of India for AY 2023-24. The individual should have a total income of up to Rs 50 lakh from any of the sources of income such as income from salary, family pension, dividend income, interest income from savings bank account, fixed deposits, post office etc, agricultural income of up to Rs 5,000.



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