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- Resident individuals (not for HUFs, firms, or companies).
- Individuals with income up to ₹50 lakh.
- Sources of Income:
- Salary or pension.
- One house property (excluding cases where loss is brought forward from previous years).
- Other sources (excluding winnings from lottery and income from racehorses).
- Agricultural income up to ₹5,000.
- Log In: Visit the Income Tax e-Filing portal and log in.
- Select ITR-1: Choose the relevant assessment year (AY 2024-25), select ITR-1, and choose ‘Prepare and Submit Online’.
- Fill Personal Details: Verify pre-filled personal information.
- Income Details:
- Enter details of salary, house property, and other sources of income.
- Enter deductions under Chapter VI-A such as 80C (lic premium, tuition fees, Investment in EPF, PPF ,etc) 80D (medical Insurance premia,etc), etc
- Tax Calculation: Calculate the tax payable or refundable.
- Submit and Verify: Submit the form and choose a verification method (e.g., Aadhaar OTP, EVC, or sending ITR-V to CPC).
- E-Verify:
- E-Verification: Using Aadhaar OTP, Net Banking, EVC (Electronic Verification Code), etc.
- Physical Verification: Send a signed copy of ITR-V to the Centralized Processing Center (CPC) in Bengaluru within 30 days of filing the return.
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