You all must be knowing about the new Income Tax Portal which CBDT launched on 7th June, 2021. But as always the new things come up with new tasks, it takes time to understand them. But we made it easy for you; refer the entire article to file your ITR-1 under the new Income Tax Portal.
Follow the below procedure to file ITR-1 under new portal
Step 1: Click on the link given below;
Step 2: Click on the “Login” tab as shown in the below image. After clicking on login tab enter your user ID and password
Note: If you are filing your return for the first time, then first register and then proceed with login. The tab of “Register” is exactly beside the tab of “Login”.
Step 3: Once you logged in successfully, the below image will display on your screen. Then, to file your ITR, click on the tab “File Now”.
Step 4: Select the Assessment Year
Step 5: Then you have to select Mode of Filing. There are two modes available i.e. Online and Offline but it is advisable to proceed to the Online mode for seamless experience. After selecting the same click on the "Proceed" tab.
Step 6: Click on the “Start New Filing” tab.
Step 7: After this you have to select the status of the assessee and then click on "Continue".
Step 8: Select the respective ITR form applies to you. In case you are finding it difficult to select ITR form, then click on the “Proceed” tab which will help out you to select your applicable form.
Step 9: Select ITR-1 and then click on “Proceed with ITR-1”.
Step 10: After the above step your screen will be displayed like the image given below. Then click on the “Let’s Get Started”.
Step 11: To proceed further you have to mention any of the reason given below. If your reason is different than any of the given reasons, then click on the checkbox of “others” and mention the same.
Step 12: After this the below pop-up will displayed on your screen. This pop-up gives a disclosure about your return which has been pre-filled with the information available with Income Tax Department.
Step 13: After this pop-up your personal information will be displayed on the screen. You can edit the information as you want. Once you fill and cross check entire information click on “Confirm”.
1. Minimum one account should be selected to get refund credit.
2. In case of Refund, multiple accounts are selected for refund credit, then the refund will be credited to one of the accounts decided by CPC after processing the return.
3. Ensure that at least one preferred bank account is pre-validated.
4. Select “Nature of the Employment” among any one of the following;
- Central Government
- State Government
- Public Sector Undertaking
- Not Applicable (eg. Family Pension etc.)
After filling up personal Information a Confirmed mark will come beside Personal Information.
Step 14: Once you verify your income sources, you will be able to see Your “Gross Total Income”. You can edit the same and once you check all the details, click on “Confirm” tab.
You will be required to enter the remaining / additional details including your exempt income if any.
Step 15: Under deductions you can claim the applicable deduction amount if any. You can edit the same and once you check all the details, then click on “Confirm”.
Step 16: In the Tax Paid section, you need to verify the taxes paid by you in the previous year. This includes TDS from Salary, TCS, Advance Tax, and Self-Assessment Tax. Once confirm the same click on “Confirm” tab.
Step 17: And finally, after following all the above steps, you will be able to see your tax liability. In case you have any tax liability then your can prefer any one option i.e. “Pay Now” or “Pay Later”. It is recommended to use the Pay Now option. Carefully note the BSR Code and Challan Serial Number and enter them in the details of payment.
If you opt to Pay Later, you can make the payment after filing your Income Tax Return, but there is a risk of being considered as an assessee in default, and liability to pay interest on tax payable may arise.
Step 18: After the verification of entire data, you may proceed for e-verification. It is mandatory to e-verify your return. It is advisable to do e-verification via online mode only. Once you e-verify, click on “Confirm” tab.
Step 19: After this click on "Preview the return" and for the last time, check whether all the entered details are correct or not and then click on “Submit”.
That's it after clicking on Submit, you are done with filing an Income Tax Return.
Dear taxpayers, if you are finding it difficult to file ITR then connect with Taxofile to file your return. You will receive an expert assistance to resolve all your queries and will also help you to save your taxes.