Income Tax

How to File ITR-1 (SAHAJ) Online? | ITR Filing FY 2022-23 (AY 2023-24)

How to File ITR-1 (SAHAJ) Online ITR Filing FY 2022-23 (AY 2023-24)

ITR-1 is a form of filing Income Tax Returns, also popularly known as SAHAJ. ITR-1 is specifically for conveniently filing Income Tax returns by Salaried Individuals, as ITR-1 does not ask for any information. However, not every salaried individual can file the ITR-1 (SAHAJ). Only those who meet the requirements specified can file the ITR-1.

Who can file ITR-1 (SAHAJ)?

To file ITR-1, the taxpayer’s income should be less than INR 50,00,000 in the following category of sources:-

  • Salary
  • Family Pension
  • Agriculture Income
  • One Housing Property
  • Interest generated from savings Accounts, Deposits (Bank, Co-operative Society, Post Office), Tax Refund, Enhanced Compensation, or any other
  • Clubbed Income Tax Returns for the spouse or a minor’s income only if the income is restricted to the above specifications.

Who can file ITR-1 (SAHAJ)?

  • Individuals falling in the following category are not allowed to file ITR-:
  • Resident Not Ordinarily Resident (RNOR) and Non-Resident Indian (NRI)
  • Income higher than INR 50,00,000
  • Agricultural Income of more than INR 5,000
  • Income generated from Lottery, gambling, or any form of gambling
  • Capital gains
  • Investment in unlisted equity shares.
  • Business or profession
  • Director of a company
  • Tax Deduction as per Income Tax Act
  • more than one house property
  • falls in any non-eligibility criteria under ITR-1

Prerequisites for filing the ITR-1 (SAHAJ)

The following documents are required for filing ITR-1 (SAHAJ):-

  • ADHAAR Card
  • PAN Card (linked with ADHAAR Card)
  • Download AIS and Form 26AS1 [Form 26AS shows tax details such as TDS, advance Tax, or self-assessment Tax. This Tax paid by the taxpayers is recorded in the database of the Income Tax Department as “Tax Credit in the taxpayer’s account].
  • Form 16
  • Pre-validated bank account nominated for refund
  • house rent receipt (if applicable)
  • and investment payment premium receipts (if applicable).

If there is any discrepancy in the amount, verify it with the bank or employer.

READ  A Brief Overview of Section 2 Provisions of Income Tax Act, 1961

Precautions while filing the ITR-1 (SAHAJ)

  • In terms of any discrepancy with the Tax paid (TDS, TCS, advance tax), verify it with the bank or employer
  • Evaluate all the documents (passbook, deduction certificates, claim exemption receipts, interest certificates, Form 16, Form 26AS, investment proofs) to be attached or referred to while filing the ITR and compile them carefully.
  • Cross-verify your personal details [PAN, permanent address, contact details, bank account details].
  • Recheck and revert the chosen return form to fit your taxes [ITR-1 to ITR-7].
  • Make sure you file the return before the due date. Any error made can be rectified before the due date so that no late filing fee or any other form of penalty is not imposed.
  • Do not forget to verify your e-filing either manually or online.

How to File ITR-1 (SAHAJ)?

If you want to file your ITR-1 (SAHAJ), here is the step-by-step guide for you:-

Step 1: Visit the website for e-filing

Step 2: Log into your account using your PAN Details and Password

Step 3: Select the tab “e-file” and then select “Income Tax Return” to further select “File Income Tax Return.”

Step 4: Select the respective assessment year as well as the mode for filing (online)

Step 5: Proceed with filing by checking on “Start New Filing”

Step 6:  Select the relevant status

Step 7: Select “ITR-1(SAHAJ)” in form type

Step 8: continue with the form to fill in with the following details

  • Personal Information [full name, PAN, Aadhar number, contact information, and bank account details]
  • Gross Total Income [income from all sources such as salary, pension, house property, interest income, or any other]
  • Total Deductions [any applicable deduction made under section 80 of the Income Tax Act].
  • Tax Paid [Tax payments made from all sources such as TDS, TCS, Advance Tax, Self-Assessment Tax]
  • Total Tax Liability [(Income – deductions claimed – Tax paid till date) Negative TTI denotes the amount available for a Tax refund, and the positive TTI denotes the Tax to be paid.

Step 9: Rectify any error to complete the validation. At last, E-Verify the ITR.

Filed ITR-1 (Sahaj) by mistake?

Many times, taxpayers who are not eligible to file ITR-1 (SAHAJ) file ITR-1 out of misunderstanding or misinterpretation. If you are also a victim of such a mistake, then you can rectify your mistake. Generally, such filed ITR is labelled as a “defective ITR” by the Income Tax Department. To rectify the same, you may file a revised ITR by the timeline specified by the Income Tax Department, which is usually 31st December.

However, suppose you have received a notice from the Income Tax Department about the incorrect filing of ITR-1 (SAHAJ). In that case, you are required to respond to the notice and rectify the correction within 15 days from the date of the notice received. Suppose you fail to respond to the notice. In that case, you may face legal repercussions such as consideration of the ITR filed as invalid, penalty imposed reasoning the non-filing or delayed filing of the Income Tax Return.

READ  Section 25A of Income Tax Act: Special Provision for Arrears of Rent and Unrealized Rent Received Subsequently

Conclusion

Suppose you are a taxpayer falling within a category of taxpayers eligible for the ITR-1 (SAHAJ) filing. In that case, your Tax Return filing process becomes easier with the ITR-1 (SAHAJ) as it asks for less information than that of other ITR forms. Moreover, while filing the ITR-1, make sure you link your ADHAAR with your PAN to avoid rejection of the filed ITR-1. However, if your income slabs exceed INR 50,00,000, then you are not eligible for the filing of ITR-1 (SAHAJ). But still, if you have filed the ITR-1 (SAHAJ), then you should rectify your mistake by filing the revised ITR either before 31st December or within 15 days of the Income Tax Department intimation made to you through a notice for such error made.

FAQs

  1. How to file ITR 1 online step by step?

    Step 1: Visit the website for e-filing and Log into your account using your PAN Details and Password
    Step 2: Select the tab “e-file” and then select “Income Tax Return” to further select “File Income Tax Return.”
    Step 3: Select the respective assessment year and the mode for filing (online) and click “Start New Filing.”
    Step 4: Select the relevant status and choose “ITR-1(SAHAJ)” in the form type
    Step 5: continue with the form to fill in the details [Personal Information, Gross Total Income, Total Deductions, Tax Paid, Total Tax Liability]
    Step 6:  Rectify any error to complete the validation. At last, E-Verify the ITR.

  2. How do you file ITR 1 online individually, step by step?

    In order to file Individual ITR-1, follow the following step-by-step guide
    Step 1: Visit the website for e-filing and Log into your account using your PAN Details and Password
    Step 2: Select the tab “e-file” and then select “Income Tax Return” to further select “File Income Tax Return.”
    Step 3: Select the respective assessment year and the mode for filing (online) and click “Start New Filing.”
    Step 4: Select the relevant status and choose “ITR-1(SAHAJ)” in the form type
    Step 5: continue with the form to fill in the details [Personal Information, Gross Total Income, Total Deductions, Tax Paid, Total Tax Liability]
    Step 6:  Rectify any error to complete the validation. At last, E-Verify the ITR.

  3. How can I file ITR 1 by myself?

    You may file the ITR-1 by yourself by logging into your e-filing portal using your PAN details. Select the tab “e-file” and then select “Income Tax Return” to further select “File Income Tax Return”. Then, Select the respective assessment year and the mode for filing (online) and click “Start New Filing”. Now select the relevant status and choose “ITR-1(SAHAJ)” in the form type. Continue with the form to fill in the details [Personal Information, Gross Total Income, Total Deductions, Tax Paid, Total Tax Liability]. At last, rectify any error to complete the validation. At last, E-Verify the ITR.

  4. How to file ITR 1 offline in the new portal?

    You can alternatively download the offline utility once you log into the e-filing portal. Then check “e-file” to select “Income Tax Return.” Now select “File Income Tax Return” to further select the assessment year and mode of filing. You may download it from the “Offline Utility”. Using the downloaded form, you may file ITR-1 offline.

  5. Why am I not able to file ITR 1 online?

    There can be multiple reasons for you being unable to file ITR-1. A few of them are as follows: You have income higher than the upper slab of INR 50,00,000, or you have agricultural income more than INR 5,000, or you have other occupation mode other than Salary such as HUF or Company, etc., or you have housing property more than 1.

  6. Can I file my ITR on my own?

    Yes, you can file your ITR on your own.

  7. Can a self-employed person file ITR 1?

    Yes, a self-employed person is also eligible to file ITR-1 if he or she earns more than INR 3,00,000 in a financial year.

  8. What is the minimum income to file ITR 1?

    The minimum income to file ITR-1 or any other shall be INR 3,00,000 in a financial year, which should be less than INR 50,00,000.

  9. How do I fill out ITR 1 without Form 16?

    You can file ITR-1 without Form 16 using your Tax Credit or Form 26AS, which can guide you to calculate the Tax deducted amount. You may add a Housing Rent Allowance if there is any and can further claim your Deductions. Add income from other sources and then calculate the additional Tax to be paid. Then, you may file ITR-1.

  10. Can we file ITR 1 online?

    Yes, you can file ITR-1 online on your own.

  11. How can I submit my ITR 1 form online?

    You can submit the ITR-1 Form online using the following step-by-step guide:
    Step 1: Visit the website for e-filing and Log into your account using your PAN Details and Password
    Step 2: Select the tab “e-file” and then select “Income Tax Return” to further select “File Income Tax Return.”
    Step 3: Select the respective assessment year and the mode for filing (online) and click “Start New Filing.”
    Step 4: Select the relevant status and choose “ITR-1(SAHAJ)” in the form type
    Step 5: continue with the form to fill in the details [Personal Information, Gross Total Income, Total Deductions, Tax Paid, Total Tax Liability]
    Step 6:  Rectify any error to complete the validation. At last, E-Verify the ITR.

  12. Can I file ITR 1?

    Yes, you can file ITR-1 online on your own.

  13. Is ITR 1 also known as Sahaj?

    Yes, ITR-1 is popularly known as SAHAJ.

  14. Why is ITR 1 called Sahaj?

    SAHAJ is a Sanskrit word that means natural or effortless. ITR-1 is also known as SAHAJ, which was introduced to ease the ITR filing process for salaried individuals who earn up to INR 50,00,000 in a financial year.

  15. What is Sahaj in ITR 1?

    SAHAJ is the other name for ITR-1, which is used by salaried individuals with income up to INR 50,00,000 in a financial year.

  16. What is the other name of ITR form 1?

    The other very popular name for ITR-1 is SAHAJ.

READ  Income Tax Act 1971

References

  1. https://incometaxindia.gov.in/Pages/tax-services/online-26AS-e-filing-website.aspx

Trending Posted