1. Individual
2. Income should be below Rs. 50 Lakhs
3. Income sources must be only from Salary or one house property or Income from other sources
4. Should not be director in any company
5. Should not have invested in equity shares of unlisted company
6. Agriculture income should not be more than Rs. 5000/-
Further, in a case where the income of another person like spouse, minor
child, etc. is to be clubbed with the income of the assessee, this Return Form can be
used only if the income being clubbed falls into the above income categories.
In this video we have given step by step guide to prepare and submit online ITR 1. If you follow along you should be able to file it within 15 minutes.
Before attempting to file it please keep following documents ready -
1. Salary certificate in Form 16
2. Form 26AS and Tds certificates in Form 16A
3. Amount of saving & fixed deposit interest
4. Amount to be claimed as deduction for LIC Premium, Mediclaim, PPF etc
We have given every step and instructions which will make you file your ITR 1 without any error. If you have any question, let us know through comments.
E-filing website :
Tax Payment link :
Our previous video in which we have explained all ITR Forms i.e. from ITR 1 to ITR 7 :
Our website : www.taxpundit.org
Gst case laws : gst.taxpundit.org
Our Email : taxpundit@taxpundit.org
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