Thursday, July 4, 2013

Quick eFile ITR-1 (SAHAJ) Form Filling 2012-2013 (A.Y. 2013 - 2014)

Current Post is on how to fill 'Quick EFile ITR' on Income Tax Site for ITR-1 (SAHAJ) Income Tax Form for 2012-2013 from Form 16 & Form 12BA (Assessment Year 2013 - 2014)

Post covers the filling of ITR-1 (SAHAJ) form for e-Filing via Quick EFile ITR Option.

If you are planning to fill via excel sheet, here is the post on how to fill the excel sheet for ITR1 Sahaj 2012-2013 (Assessment Year 2013 -2014)

But if you are planning to manual fill the paper form, it will be on similar line.

Friendly advice: Do e-Filing, it is faster, convenient and refunds are quicker.

Assuming you have log-in into Income Tax India e-Filing Site.


Quick eFile ITR:


'Quick eFile ITR' Option is available under 'Quick Link' Section on Left Side of India Income Tax Site.

Quick efile ITR menu option under 'Quick Link'

Fill the following required details:
  • PAN* - Automatically filled and non-editable
  • ITR Form Name* - Select ITR-1
  • Assessment Year* - Select 2013-2014
  • Prefill Address With - Select the option best suited to you
  • Do you want to digitally sign - Select 'No' unless you have digital signature.

Click the 'Submit' button.

A Six Tab page with 'Instructions' Tab open will be seen.

1. Instructions:

  1. * - Required filled. Cann't be empty.

  2. Save the data every few minutes by pressing 'Save As Draft' to avoid losing the entered data on site.

  3. The site itself will pop-up following message if you don't save data very often:

  4. Message to 'Save As Draft'

  5. If you don't want to have pop-up every few minutes, check the option and press 'OK'

  6. Message to 'Save As Draft' With Prevent popup option


2. Personal Information:


'Personal Information' subsection will be seen:

Personal Information Subsection

Fill the following field's:
  • A1. First Name - First Name as per your PAN card
  • A2. Middle Name - Middle Name as per your PAN card
  • A3. Last Name* - Automatically filled and non-editable
  • A4. PAN* - Automatically filled and non-editable
  • A5. Gender* - Select from the drop-down menu option
  • A6. Date of Birth* - Automatically filled and non-editable
  • Status* - Select 'Individual'
  • A7. Income Tax Ward / Circle - Not required. If you know, enter the respective name
  • A8. Flat / Door / Building* - Automatically filled as per main page address selection, editable
  • A9. Road / Street - Automatically filled as per main page address selection, editable
  • A10. Area / Locality* - Automatically filled as per main page address selection, editable
  • A11. Town / City / District* - Automatically filled as per main page address selection, editable
  • A12. State* - Automatically filled as per main page address selection, manually selection available
  • A13. Country* - India
  • A14. Pin Code* - Automatically filled as per main page address selection, editable
  • A15. Email Address* - An active email address, as you don't want to miss any tax related notifications
  • A16. Mobile No 1* - An active mobile number, as you don't want to miss any tax related notifications
  • A17. Mobile No 2 - Not required
  • Landline Number - Not required.

'Filing Status' subsection will be:

Filing Status Sub-Section

Fill the following fields:
  • A18. Employer Category (if in employment)* - Mostly it will be OTH, kindly select as per your category
  • A19. Tax Status* - Select from Drop-down as per your tax valuation
  • A20. Residential Status* - Select from Drop-down respective status
  • A21. Return filed under section* - Select from Drop-down 11 - BeforeDueDt 139(1) (if all your taxes are paid and submitting before 31 July 2013)
  • Whether original or revised return?* - Select from Drop-down respective return.
  • A22. Whether Person governed by Portugese Civil Code under Section 5A* - Mostly 'No'

Mostly, this would be sufficient for this section, unless you are responding to 139(5) - Revised return or 139(9) - Return in response to defective return notice. In such case, fill the required Acknowledgement Number and date.

3. Income details:


'Income And Deduction' subsection will be seen:

Income And Deduction Section

Fill the following field's:
  • B1. Income from Salary / Pension (Ensure to fill Sch TDS1) - Fill the value from Form 16 - INCOME CHARGEABLE UNDER THE HEAD 'SALARIES'
  • B2. Type of House Property - Select the property type if income gained. Mostly none.
  • B2. Income from one House Property - Enter the respective amount if income earned
  • B3. Income from Other Sources (Ensure to fill Sch TDS2) - Fill the total value from other sources    
  • B4. Gross Total Income (B1+B2+B3) - Non-editable, automatically sums up B1, B2 & B3 values
Deductions under chapter VI A (Section)

Following section needs to be filled from Form 16 values:
  • C1. 80C
  • C2. 80CCC
  • C3. 80CCD (Employees / Self Employed Contribution)
  • C4. 80CCD (Employers Contribution)
  • C5. 80D(Maximum eligible amount is Rs. 15000. For Senior Citizen, it is Rs. 20000 )
  • C6. 80DD(Maximum eligible amount is Rs. 50000. For Severe Disability, it is Rs. 100000)
  • C7. 80DDB(Maximum eligible amount is Rs.40000. For Senior Citizen, it is Rs. 60000)
  • C8. 80E
  • C9. 80G
  • C10. 80GG
  • C11. 80GGA
  • C12. 80GGC
  • C13. 80U(Maximum eligible amount Rs 50000. For Severe Disability, it si Rs. 100000)
  • C14. 80CCG
  • C15. 80RRB
  • C16. 80QQB
  • C17. 80TTA
Following fields will be automatically calculated / filled:
  • C18. Deductions (Total C1 to C17)
  • C19. Total Income (B4 - C17) 

'Tax Computation' sub-section will be seen below:

Tax Computation Subsection

Most of the fields will be automatically calculated / filled:
  • D1. Tax Payable on Total Income(C19)
  • D2. Education Cess, including secondary and higher secondary cess
  • D3. Total Tax and Education Cess (Payable)(D1+D2)
  • D4. Relief under Section 89
  • D5. Balance Tax Payable (D3-D4)
  • D6. Interest u/s 234A - Mostly '0', if taxes paid & filed before due date of 31 July 2013
  • D7. Interest u/s 234B - Mostly '0', if taxes paid & filed before due date of 31 July 2013
  • D8. Interest u/s 234C - Mostly '0', if taxes paid & filed before due date of 31 July 2013
  • Total Interest Payable ( D6 + D7 + D8 )
  • D9. Total Tax and Interest Payable (D5+D6+D7+D8)

4. TDS:


'SCH TDS1, SCH TDS2 & SCH IT' subsection will be seen:
 
SCH TDS1, SCH TDS2 & SCH IT subsection

All the sections will be automatically updated / filled by the site.

At-least cross check the following values.
  • TAN of Employer - Value from Form 12BA - TAN
  • Name of the Employer - Value from Form 12BA - Name & Address of the Employer
  • Income charged under Head of the salaries - Value from Form 16 -  INCOME CHARGEABLE UNDER THE HEAD 'SALARIES'
  • Total Tax deducted  - Value from Form 16 -  Tax Payable
If need be, add the required information to respective subsection as per your receipt details.

5. Taxes Paid and Verification:


'Taxes Paid' subsection will be seen:

Taxes Paid Subsection

Cross check all the field which are automatically filled.
  • D10. Advance Tax
  • D11. Self Assessment Tax
  • D12. TDS
  • D13. Total Taxes Paid (D10 +D11 + D12)
  • D14. Tax Payable (D9 - D13) - Mostly the amount will be zero
  • D15. Refund (D13 - D9) - Check the amount
'Bank Account Details & Verification' section will be seen below:

Bank Account Details & Verification subsection

Fill the following fields:
  • D16. Enter your Bank Account Number* - To which Bank Account one needs the cheque \ transfer for refund amount
  • D17. Type of Account* - Select from Drop-down the account type of Bank Account number you mentioned above
  • D18. MICR Code* - MICR Code of Bank
  • D19. Refund Type - Select from Drop-down 'Yes' for direct deposit, it will be faster
  • Name* - As per PAN card
  • son/ daugher of* - As per PAN card
  • Place*
  • Date* - Automatically updated, non-editable
  • PAN Card* - Automatically updated, non-editable

6. 80G:

'Donations without qualifying limit' subsection will be seen:

'Donations with qualifying limit' subsection will be seen:


Fill the following details as per your receipt:
  • Name of donee*
  • Address*
  • City / Town / District*
  • State Code*
  • Pin Code*
  • PAN of donee*
  • Amount of donation*
  • Eligible amount of donation - Automatically calculated, non-editable
This completes the form filling :).

I hope it didn't took more then 15-20 minutes to complete the form.

Press 'Submit' Button to submit your income tax return.

Appreciate your feedback via comments.

Thanks.
Mehul

Tuesday, July 2, 2013

India Income Tax ITR-1 (SAHAJ) Form Filling 2012-2013 (A.Y. 2013 - 2014)

Current Post is on how to fill ITR-1 (SAHAJ) Income Tax Form for 2012-2013 from Form 16 & Form 12BA (A.Y. 2013 - 2014)

Post covers the filling of ITR-1 (SAHAJ) form for e-Filing. But if you are planning to manual fill the paper form, it will be on similar line.

Friendly advice: Do e-Filing, it is faster, convenient and refunds are quicker.

Assuming you have downloaded the form from Income Tax India e-Filing Site.

- Unzip the 'ITR1_2013' zip file and open the '2013_ITR1_PR6.xls' excel sheet.

- Enable Editing & Allow Macro operation if the excel software pop-ups the options.

- Excel sheet will have 4 sheets.
  1. Income Details
  2. TDS
  3. Taxes Paid and Verification
  4. 80G - Not covered in current post
Basic Instructions:
  • Compulsory Fields - Green Background & Red Color Label
  • Optional Fields - Green Background & Black Color Label
  • Auto-calculated Fields - White Background & Blue Color  Label

1. Income Details Sheet:


- Fill the following cells:
  • First Name - As per PAN card
  • Middle Name - As per PAN card
  • Last Name - As per PAN card
  • PAN Number
  • Flat \ Door \ Building
  • Status - I Individual
  • Area \ Locality
  • Date of Birth (DD \ MM \ YYYY) - As per PAN card
  • Town \ City \ District
  • State - Select from Drop-down option, don't write it manually
  • Pincode - In hurry don't write your permanent address or office address pincode
  • Sex - Select from Drop-down option, don't write it manually
  • Email Address - Your working and active email address. As you don't want to miss any tax related emails
  • Mobile Number - Your working and active number. As you don't want to miss any tax related SMS
  • Employer Category - Mostly it will be OTH, kindly fill as per your category
  • Return Filed under section - Select from Drop-down 11 - BeforeDueDt 139(1) (if all your taxes are paid and submitting before 31 July 2013)
  • Whether original or revised return - Select from Drop-down respective return.
  • Residential Status - Select from Drop-down respective status
  • Tax Status - Select from Drop-down as per your tax valuation
  • Income from Salary / Pension - Fill the value from Form 16 - INCOME CHARGEABLE UNDER THE HEAD 'SALARIES' 
  • Income from other sources - Fill the total value from other sources
  • Fill the 'Deductions under ChapterVI A' as per Form 16
  • Tax payable on Total Income - Fill the value from Form 16 - Tax on total Income
  • Education cess... - Fill the value from Form 16 - Education cess... 
  • Relief under Section 89 - Mostly 0
  • Relief under Section 90/ 91- Mostly 0

- Following fields will be automatically calculated / filled:
  • 4 Gross Total Income (1+2+3)
  • 7 Total Income (4-6)
  • 10 Total Tax, Surcharge and Education Cess (Payable) (8 + 9)
  • 13 Balance Tax Payable (10 - 11 - 12)
  • 15 Total Tax and Interest Payable (13 + 14)  

2. TDS Sheet:


- Fill the following cells:

  • Under 23 Tax deducted at source from SALARY
  • TAN of Employer - Fill the value from Form 12BA - TAN
  • Name of the Employer - Fill the value from Form 12BA - Name & Address of the Employer
  • Income charged under Head of the salaries - Fill the value from Form 16 -  INCOME CHARGEABLE UNDER THE HEAD 'SALARIES'
  • Total Tax deducted  - Fill the value from Form 16 -  Tax Payable
  • Under 24 Tax deducted at source of Income other then Salary - Fill as per receipt details

3. Taxes Paid & Verification:


 - Fill the following cells:

  • Enter your Bank Account Number - To which Bank Account one needs the cheque \ transfer for refund amount
  • Refund Type - Select from Drop-down 'Yes' for direct deposit, it will be faster
  • MICR Code - MICR Code of Bank
  • Type of Account - Select from Drop-down the account type of Bank Account number you mentioned above
  • Name - Same as in PAN card
  • son/ daugher of - Same as in PAN card
  • Place
  • Date
  • PAN Card
- Following fields will be automatically calculated / filled:
  • 16a  Advance Tax (from item 25)
  • 16b TDS (Total from item 23 + item 24)a
  • 16c Self Assessment Tax (item 25)
  • 17 Total Taxes Paid (16a + 16b + 16c)
  • 18 Tax Payable - Mostly the amount should be zero, unless one has to pay the tax
  • 19 Refund - Check the amount
And we are done finally :).

I hope it didn't took more then 15-20 minutes to complete the form.

Appreciate your feedback via comments.

Thanks.
Mehul
Disclaimer:

The above post and all the posts in the blog are derived from facts, information, logical interpretation and logical conclusion of printed and internet materials available to me, perceived and produced by 99 gm brain of mine, which by no means always be accurate, consistent and complete.

All the posts are for personal quick reference only.

If any suggestion, correction, misinterpretation, misconception commented, which will be moderated and deleted if required, to avoid unforeseen issues.

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Additional disclaimer will be attached wherever required in the post.