How To File ITR For AY 2024-25

Producer:  Priyanka Das Editor: Aparna Singh

Producer:  Mehak Pal Editor: Aparna Singh

Here's a step-by-step guide to file ITR-1 online for FY 2023-24 (AY 2024-25).

Visit the income tax e-filing portal and either register for a new account or log in to your existing account.

Step 1

Select "e-file" followed by "Income Tax Returns" and then "File Income Tax Return."

Step 2

Choose the assessment year as 2024-25 and select "Online" as the filing mode. Click on "Start New Filing."

Step 3

Choose your applicable filing status (individual, etc.) and select ITR-1 as the form type.

Step 4

Select the appropriate reason for filing your return and click "Continue."

Step 5

You'll need to fill out five main sections. Enter your basic details like name, PAN, aadhaar number, contact information, and bank account details.

Step 6

Report your income from all sources.

Step 7

Claim deductions are allowed under various sections of the Income Tax Act (e.g., 80C, 80D).

Step 8

This section displays your tax payments from TDS, TCS, advance tax, and self-assessment tax.

Step 9

This section shows your calculated tax liability based on the information provided.

Step 10

Double-check the tax computation summary for accuracy. Rectify any errors and complete the validation process. Finally, e-verify your ITR using one of the available methods.

Step 11