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Filed MAR3 198885SENATE FILE BY COMMITTEE ON TRANSPORTATION(i 't, :::r,1 o1Oi '. J Passed Senate, Vote:AyesDate43/ “Disapproved/, :(, “NG) Passed House,0JrM., Vote:AyesDateC; 13/3a/finals, 0,

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How to fill out itr1 o1oij

01

To fill out ITR1 O1OIJ form, follow these steps:

02

Visit the income tax e-filing portal and login to your account.

03

Click on 'e-File' and select 'Income Tax Return' from the drop-down menu.

04

Select the assessment year and ITR form as 'ITR1 O1OIJ'.

05

Fill in your personal details such as name, address, PAN, etc.

06

Provide details of your salary income, including allowances, deductions, etc.

07

Enter details of any other income, such as interest, rental income, capital gains, etc.

08

Declare your deductions under various sections, such as 80C, 80D, 80G, etc.

09

Calculate your total income and tax liability.

10

Pay any remaining taxes due or claim a refund, if applicable.

11

Verify the information filled in the form and submit it.

12

Download the acknowledgment receipt and keep it for future reference.

Who needs itr1 o1oij?

01

ITR1 O1OIJ form is required to be filled by individuals who earn income from salary, pension, or have income from one house property or other sources such as interest or capital gains.

02

If you don't have business or professional income, and your total income is up to ₹50 lakh, you can use ITR1 O1OIJ form for filing your income tax return.

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What is itr1 o1oij?

itr1 o1oij is the Income Tax Return form designed for individuals having income from salaries, one house property, other sources(excluding winnings from lottery and race horses), and total income up to Rs 50 lakh.

Who is required to file itr1 o1oij?

Individuals who fulfill the criteria mentioned in the answer of the previous question are required to file itr1 o1oij.

How to fill out itr1 o1oij?

itr1 o1oij can be filled out online on the Income Tax Department's e-filing portal or offline by submitting a physical copy to the concerned tax office.

What is the purpose of itr1 o1oij?

The purpose of itr1 o1oij is to report the income earned by an individual in a specific financial year and calculate the tax liability based on that income.

What information must be reported on itr1 o1oij?

Information such as income from salaries, house property, other sources, deductions claimed under various sections of the Income Tax Act, and tax payments made during the financial year must be reported on itr1 o1oij.

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