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
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