panadenver.blogg.se - Itr sahaj form download

# ITR1 SAHAJ can be used by an individual whose income primarily include salary income and whose total income does not exceed 50 lakh during the FY. You need to visit Forms/Downloads section in order to download ITR from. You can download latest ITR 1 and ITR 4 from Income tax website. New Income Tax Return Forms (ITR) – AY 2020-21 – Changes

You will get exemption from Income Tax on notional rent on second self-occupied house property.

TDS threshold on interest earned on bank fixed deposit and post office is raised from Rs.10000 to Rs.40000.

If your income is below 5 Lakh you can get income tax rebate under section 87A.

For salaried person, standard deduction is increased from Rs.40000 to Rs.50000.

From 5 Lakh to 10 Lakh you need to pay 20% tax and if your income is above 10 Lakh you need to pay 30% Tax.Īlso Read – Income Tax Calculator FY 2019-20 (AY 2020-21) – Excel Download Things to consider while filing Income Tax return in FY 2019-20 From 2.5 Lakh to 5 Lakh you need to pay 5% tax. Income Tax Slabs & Rates FY 2019- 20, AY 2020-21įrom the above tax slab details, it is easy to make out how much tax you need to pay as an individual. Well, before taking a look at New ITR forms, let’s first understand Income Tax Slabs for FY 2019-20 or AY 2020-21. In this post, we will take a look at New Income Tax Return forms as well as discuss changes incorporated in the new form. This time the income tax department has relaxed the rules for filing ITR1, high spenders can also file Sahaj (ITR1) for AY 2020-21 (FY 2019-20).

The Java-based tax preparation utility is not yet released. The new ITR forms are currently available on the Income Tax website in PDF format. New Income Tax Return forms ITR1 – SAHAJ, and ITR4 – Sugam for AY 2020-21 (FY 2019-20) is notified by the income tax department.