How are you all? Good Morning, Good Evening, Good Afternoon
Whoever is watching me right now, I welcome you all
How are you all?
We have already learnt how to file ITR-1 from offline mode
Along with that, I will also teach you how to file ITR-1
from online mode
We have covered offline mode, now let's see how to work
from online mode
First of all, you can see this on your screen
This is Income Tax Portal www.incometax.gov.in This is the
website
Open this website on your PC or Laptop
Open it once
After that, you don't have to do anything
Here, you will go to Downloads
In Downloads, you will see
I have just opened Downloads
You will see Common Utility
From ITR-1 to ITR-4
In a way, it is an application
Download it
Have you downloaded it?
Very good
Now, when you have downloaded it
Open the downloaded portion
Whatever you have downloaded
Open it once
Let's see what happens here
You will get three such files
Open this application
Here it is
Let's open it
Replace the files in the destination
I think it is done
Let's extract it
And this
It is installing
It will take 1-2 minutes
There is nothing much in this
Online mode is very popular these days
It is very easy
In practical life
Whatever forms are there in ITR-1
Most people prefer
To file it in online mode
Who will read it?
Make an excel sheet
Validate the excel sheet
Upload it
Portal is giving you this facility
You can put all your information on portal
Your general information
Your personal information
In this case, it is autofilled
In many cases, it is autofilled
And your personal information comes
Sir, where is this personal information coming from?
From where is this personal information being extracted?
Personal information is basically
When you have registered
Your income tax on this portal
Then you must have put
Your personal details
Your name, address
Email id
You must have put all these things
This portal extracts all these things
Utility has opened
Let's continue
File returns option is coming
From ITR-1 to ITR-4
For the assessment year 2022
Let's file it
Download pre-filled data
Click on it and continue
Enter your PAN number
I am entering a party PAN
I have entered a party PAN
And I have proceeded
Let's consider it from new file
Now you are logging in
For logging in
It is very important that you know your PAN number
And Here you must have made your password
First of all
You will have to register yourself
On the income tax portal
If you register yourself
Your PAN number will become your user id
And you will have your password
Set your password
Now I am entering my password
And then I will log in
I will log in from here
See My profile has opened
Income tax returns
And here it is written
The pre-filled data is downloaded
My PAN number
Party name
Assessment year
And today's date
On which date I am downloading
Ok sir
Now what I will do from here
I will go to file return
I will come to file
So here it asks me
Please select the status
Which is applicable to you
To proceed further
Means you are in which
Individual category
If I am individual
Then I will select individual
I will continue
What we are doing
We are learning online
ITR 1
Proceed with ITR
It is explaining
These are some documents
You should have these documents
Form 16
House rent receipt
Investment premium receipts
Like LIC
LIC payment receipts
You should have
If you have ATD payment
You should have ATD receipts
If you are claiming any other deductions
If you are claiming any other income
Like salary, house property
Other sources
You should also have details
Ok sir
Let's collect the details in a file
And start
Come It asks us some questions
We will answer these questions
As we were doing in offline mode
We will do it here
Now it asks us
What is the need
You are filing your income tax return
Is your taxable income
More than the basic exemption limit
Or all the same points
All the same points
Deposit of 1 crore
Or More than 2 lakhs
Or electricity
Or any other reason
I will select
My taxable income
That is more than the basic exemption limit
I will continue
Now You will get all these details
In return summary
It will confirm my personal information
My personal information
When I was registering
On income tax portal
It extracted my personal data
And brought it here
It extracted my personal data
And brought it here
It will show me
These are your personal details
According to the purpose of income tax
Are these details correct
You don't have to swear on Gita
You just have to confirm
Whatever we are telling you
Whatever we want to ask you
Is your personal information
Correct Please provide your confirmation
It has written
It asks your
First name
Last name
PAN number
Date of birth
Address Mobile number
Email id
Nature of employment
All the same
Just like offline
Central government
State government
PSUs Others Pensioners Then it asks me
In which section do you want to file your return
Is there any belated return
Is there any revised return
I said no
I am a very decent person
I do all the work on time
I deposit the return on time
And file the correct return
I don't have any requirement to revise
In that case
So what will I do
I will file my return in 139.1
Ok sir
Now what will it ask me
Are you opting for the new tax regime
Same points
Nothing different
Here you get some ease
Nothing else
I don't opt for the new tax regime
Here it will ask you your bank details
If you think
Your data is correct
It is according to you
Confirm it
It has come
According to me
If you ask me
Which do I prefer
Online or offline
I would prefer online
It works very easily
There is no problem
See This is your gross total income
Details I will show you
It will ask you gross total income details
ITR 1
Tell me
Salary
Single house property
Other source 3-4 income
In gross total income
ITR 1
For example, if my salary income is zero rupees, then I
would have made it zero.
But if it was in that example,
Rs. 41 Lakhs. I would have put Rs. 41 Lakhs here.
I would have put Rs. 41 Lakhs. Here value of the perquisite
would have come Rs. 2 Lakhs.
Profit in lieu of salary would have come Rs. 2 Lakhs. Here
it is.
If there is a country, I have put some relief.
Exempt allowances, I have put LTC or remuneration.
Commuted value of the pension, I have put Rs. 5 Lakhs.
If there is an error, if someone makes a mistake, it is
shown here.
What used to happen there? Will someone tell me offline?
What we used to do offline?
Offline, there used to be an option of validate on the side.
On the right hand side, you used to check.
On the right hand side, there used to be an option of
validate.
In the option of validate, when you used to click at that
option, there you used to get the information about your
errors.
Where are you making an error?
And then you used to search out those errors.
Where all have you made an error?
And it had to be corrected.
Okay sir, come let's go.
My net salary has come to Rs. 40 Lakhs.
How? I got a standard deduction of Rs. 50 Lakhs.
And here I have got some allowances.
I got Rs. 5 Lakhs. These became exempt allowances.
So according to this, I got an income of Rs. 40 Lakhs.
And after getting a standard deduction of Rs.
50 Lakhs,
Rs. 49 Lakhs became Rs. 50 Lakhs.
In that case also, I had taken professional tax.
Here I am taking professional tax.
Here it is saved.
Rs. 49 Lakhs and Rs. 48 Lakhs.
Now if there is a house property, you can put the details
of the house property here.
Select the type of house.
If it is let out, you can select let out.
Like in that case, the payment of gross rent, means the
gross rent that you received, the taxes that you paid to
the municipal corporation,
then 30% annually, it will calculate itself.
Is there any other source of income?
Like your dividend income.
You have taken the dividend income.
In the example, I have put Rs. 1,999.
So according to this, my gross total income is Rs.
49,69,999.
Is there any exempt income?
Agricultural income or some exempt portion.
If you have exempt income, then it is yours.
Exempt income, which is known from the name, that no income
tax will be imposed on it.
But, we have to show it.
Like I am repeatedly saying, what is the objective of
income tax return?
What is it?
Income tax return is nothing, but it is just a summary of
all the transactions of your income, which you have
incurred, which you have done, in your previous year.
Summary of transactions, occurred in the previous year.
So, in summary, everything will come.
In summary, your taxable income will also come.
In summary, your exempt income will also come.
All these things will come.
So, just for the purpose of showing you, from the
presentation point of view, you just have to show your
exempt income.
That's it. There is nothing else.
I will confirm it.
Now, he is asking me the details of deductions.
Are you eligible to claim any deduction for the donation
paid?
If yes or no, answer him.
Simple.
He is asking about 80C.
For example, I say yes in 80C.
So, he will ask me the amount.
You say you are eligible in 80C.
You say you want to take 80C deduction.
So, tell me, how much deduction do you want to take?
I will simply say,
I have paid the premium of LIC.
And I have paid the premium of Rs. 1 lakh.
I want deduction of Rs. 1 lakh.
You pay it.
I will put the details here.
Is there any other problem?
Yes, you want to take 80D.
It is for health insurance.
There is a schedule for 80D.
It will come later. Fill that schedule.
Here, refer 80D.
Let's see it now.
There is 80E.
If you have taken any higher education loan in 80E, put the
details here.
For example, I will put Rs. 50,000.
Here, it is done.
There is 80TTA.
Interest on Saving Bank Account.
It has a schedule. Fill it.
Continue it.
These are all the schedules.
In 80D, there is a schedule.
This is the schedule.
Fill the details here.
Whether you are claiming for self and family, or not.
All these things will come here.
Fill it in the schedule.
Save it. Your work will be done.
Okay, friends.
I have shown the total deductions of Rs. 1.5 lakh.
So, my gross total income will be
Rs. 49,49,999.
And my deductions will be Rs. 1.5 lakh.
Okay, friends.
Now, let's see the tax period.
I have to put the details here.
How much is my TDS cut?
How much is my salary cut?
How much is my salary cut other than salary income?
I have to put all these details here.
And if I have any advance tax or any self-assessment tax,
the details will also come here.
There is no need to make it long.
As and when I am asked,
I will answer it as it is.
Neither 1% more, nor 1% less.
As and when I am asked,
I will answer it accordingly.
There is no need to think too much.
So, right now, the total tax paid is zero.
Because I have not put any details here.
If I had put any advance tax, the figure would have come
here.
Okay, sir. Let's go back to the summary.
There is no problem.
Taxes will be paid.
Now, my total tax liability is Rs.
You have to deposit the tax.
Now, how will I pay it?
It is a simple thing.
I have told you about the online tax payment.
From that, I will go and pay my self-assessment tax.
With this, my return will be filed.
Summary will be generated.
There is nothing else.