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Video instructions and help with filling out and completing irs interest rates 2020 - 2021 for individuals
Music hello and welcome to an investment academy today we are going to discuss how to file income tax return using form ITR 1 in this video we are going to give you a step-by-step guide to file income tax return through ITR one form for financially at 2017-18 or assessment here 2018-19 ITR 1 also called as search form this form is for individuals earning income from salary one house and one other income such as income from interest and should have total income less than rupees 50 lakhs individuals having income more than 50 lakhs cannot use this form also individuals who have earned income through the following means are not eligible to file through form ITR 1 so to e-file your income tax return online first you have to go to website income tax India ie filing in that govt dot M first step is to log in you must have a username which is your pan number and a password for a filing if this is the first time you are filing your return you need to register first and hence click here and register yourself with your bank card information once you have registered click on log in here and you will see this screen pan number is your user name enter password and captcha code and you can log after log in you will see this screen now as step 2 first thing which you need to do is to check out TDS amount deducted by your employer and other forms for that you need to access your form 26 AAS go to my account here and click on view form 26 s you will see this screen just click confirm which will take you to Tracey's website now click here to view your form 26 years and you will be able to see your form 26 air which looks like this here you will find that tedious deducted by your employer it should match with your form 16 if not you need to contact your company immediately you will also see details of tedious deducted by banks from FD etcetera not just note your total tedious figure and go to your login homepage again a step 3 click on e file here and click income tax return select form name as ITR 1 and assessment year as 2018-19 note that for filing return of financial year 2017 18 you need to select assessment year as 2018 19 this is where many get confused select ITR 1 select prepare and submit online option there is also an option to upload xml's file in this option you can create I TR through Excel or Java utility software of IT department and then upload the XML file here in this video we will take example of prepare and submit online option only now if you have other card you can verify your ITR through other OTP or you can also do it by sending it