ITR-1 Form Filing

Salaried taxpayers whose income does not exceed Rs.50 lakhs are required to file their income tax return in Form ITR 1. Financial statements preparation and ITR-1 return filing by Tax Advisor at just Rs.489/-

Rs.489/-
ITR-1 Form Filing
  • From Rs.489/- all inclusive fees EMI: Rs.41/- for 12 months*

Plans

  • From Rs.489/- all inclusive fees EMI: Rs.41/- for 12 months*

Silver

Rs.

489/-

All inclusive fees

Income tax return filing for an individual with salary income of less than Rs.5 lakhs..

  • From Rs.789/- all inclusive fees EMI: Rs.41/- for 12 months*

Gold

Rs.

789/-

All inclusive fees

Income tax return filing for an individual with salary income of less than Rs.10 lakhs..

  • From Rs.989/- all inclusive fees EMI: Rs.41/- for 12 months*

Platinum

Rs.

989/-

All inclusive fees

Income tax return filing for an individual with salary income of more than Rs.10 lakhs..

Individual/ HUFs who are having following sources of income are eligible to file ITR-1 form:

  1. Income from salary,
  2. Income/ loss from only one house property (excluding brought forward loss),
  3. Income from other sources like interest from savings A/c., interest from fixed deposits, etc. (except casual incomes like lottery, card games, income from race horse etc.)

Individual/ HUFs having following incomes are not eligible to file ITR-1 form-

  1. Income from more than one house property,
  2. Previous year's brought forward loss from house property,
  3. Income from capital gains from sale of shares, property, etc.
  4. Income from business/ profession,
  5. Income from agricultural activities exceeding Rs. 5,000/-,
  6. Casual incomes like lottery, card games, horse race, etc.,
  7. Foreign source income.
  8. Resident taxpayer having any bank A/c. or any foreign asset like shares, property, etc. outside India.

Following documents are required to fill-up ITR-1:

  1. If you have salary income, you will need Form 16 issued by your employer to enter salary details.
  2. If you have earned interest on Fixed deposits or saving bank A/c. and TDS has been deducted on the same, you will need TDS certificates i.e. Form 16A issued by deductor to enter interest details.
  3. You will need Form 26AS to verify TDS on salary as well as TDS other than salary.
  4. If you are living in rented premises, then you will need rent paid receipts for calculation of HRA (in case you forgot to submit the same to your employer within time).
  5. You will need your bank passbook, fixed deposit receipts (FDRs) to calculate amount of interest income.
  6. If you have received rent from your rented house property, then you will need rental receipts to calculate rental income.
  7. You will also need documents or proof for claiming tax saving deductions U/s. 80C, 80D, 80G, 80GG such as life & health insurance receipts, donation receipts, rent receipts, receipts for tuition fees etc, if the same were not considered in your Form 16.

For saving Income Tax, assessee Can Invest up to 1,50,000 under Section 80C, 80CCC and 80CCD

  • Interest Income can be exempt U/s 80 TTA up to 10,000.
  • Medical Insurance paid can be exempt U/s 80 D -> Up to maximum 55,000 (For Self and Senior depended on parents).
  • Donation U/s 80G (Limit of the deduction depends on done as specified by Income Tax Rules)
  • Rent Paid Exemption U/s 80GG (Maximum 60,000 From AY 2017-18 till now limit is 24,000)
  • Deduction u/s 80DD of Rs. 75000/125000 based on disability.
  • Deduction u/s 80U of Rs. 75000/125000 based on disability
  • Under new ITR form, an assessee is required to furnish details of all saving and current bank accounts held by him in India at any time during the previous year. However, immunity has been provided to the taxpayer from furnishing details about the bank accounts which have become dormant.
  • The ‘dormant’ account shall be those current and saving bank accounts which have not been operational for more than 3 years.
  • Details of OD account and FD Accounts are not required to be given and also there is no need to submit details of Joint Account holder(viz….Name, PAN)
  • If the assessee has received arrear of Salary, Pension (also Includes arrear of family pension), gratuity, and compensation he can claim relief u/s 89(1).
  • You can calculate relief amount as specified in the Income tax act and claim in the return but relief will not be granted by the department


Yes, as per the latest government announcement, all the business units and taxpayers are obliged to present their Aadhar number while filling income tax returns and also when applying for a new Permanent Account Number (PAN). Further, the taxpayers are required to link their PAN number with Aadhar numbers and on a strict basis, the PAN cards which are not attached to the Aadhar Numbers will be deemed invalid.
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