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How to E-File ITR 1 (SAHAJ) with House Property Loan?

Updated on :  

08 min read.

Do you have a house property loan and income below Rs.50 lakhs consisting of salary, income only from one house property and income from other sources? 

Then let us teach you how to file ITR 1 using the ClearTax e-filing service. 

Before that, let us first discuss the applicability of the ITR 1 income tax return.

ITR 1 Form is for a resident individual whose total income for the year includes:

  • Income from Salary/ Pension; or
  • Income from One House Property (excluding cases where loss is brought forward from previous years); or
  • Income from Other Sources (excluding Winning from Lottery and Income from Race Horses)
  • Agricultural income up to Rs.5000.

Who cannot use ITR 1 Form?

  • Total income exceeding Rs.50 lakh
  • Agricultural income exceeding Rs 5000
  • If you have taxable capital gains
  • If you have income from business or profession
  • If you have income from more than one house property
  • If you are a director in a company
  • If you have had investments in unlisted equity shares at any time during the financial year
  • Owning assets (including financial interest in any entity) outside India) if you are a resident, including signing authority in any account located outside India
  • If you are a resident not ordinarily resident (RNOR) and non-resident
  • Having foreign assets or foreign income
  • If you are assessable in respect of income of another person in respect of which tax is deducted in the hands of the other person.

Latest Updates

Latest Update:
CBDT has issued a circular on 11th January 2022 extending the timelines for certain direct tax compliances for AY 2021-22.
1. ITR filing due date extension:
i)  ITR filing for taxpayers covered under tax audit is extended to 15th March 2022 
ii) ITR filing for transfer pricing cases is extended to 15th March 2022

2. Furnishing audit report:
i) Due date to furnish the audit report as per the Income Tax Act is extended to 15th February 2022
ii) Due date to furnish the audit report for transfer pricing cases is extended to 15th February 2022

Income Tax ITR forms notified AY 2021-22

CBDT has notified all the Income Tax Return Forms (ITR Forms) for the AY 2021-22 with minimum changes in ITR Form 1 to ITR Form 7.
IT department has introduced JSON utility and discontinued Excel and Java version of utilities from the AY 2021-22.

Step by step guide to filing ITR 1 

Step 1.

Start by entering your permanent information like Name, Date of Birth and PAN number.

Step 2.

 Click on Income Sources and input your income details from Salaries, you can choose to upload your Form 16, so we can populate your information directly.

— OR you can enter your taxable salary and details of your employer manually.

2

Step 3.

Locate your Taxable income in your Form 16.

Step 4.

Enter the Salary TDS amount and details of employer — If you changed jobs during the year, add another salary

3

Step 5.

Next, enter your other incomes like Interest from Bank Accounts, Fixed Deposits, Gifts and others.

4

Step 6.

Next, declare the exempt incomes, if any, like Mutual Funds, ULIP’s, interest from PPF account and agriculture income.

5

Step 7.

If you have a housing loan on a self-occupied House Property, declare interest on the loan, enter the address of the house and specify co-owners, if any.

6
7

Step 8

Enter the total of your Section 80C deductions (LIC, Mutual Funds, etc).

Declare all other deductions which are applicable. Check out the “More Deductions” tab. Don’t miss a deduction. 

Read:Guide on Section 80 Deductions

8

Step 9.

ClearTax can automatically import your TDS entries from Income Tax Department.

9

If you deposited tax via Challan 280 (self assessment tax) yourself, add details regarding it.

10

Step 10.

— Woohoo, ITS DONE!

— You can review for return by downloading ITR PDF or ClearTax word-report.

— Click on the large green button and your return shall be submitted to Income Tax Department.

11

Related Income Tax Articles

How to file ITR?

Which ITR to file? A complete guide to understanding the correct ITR form for you. 

How to file ITR on the government portal?

Login to new Income Tax Department Portal – Login & Registration Guide

Income Tax e-Filing Guide

Income Tax Slab & Rate for FY 2019-20

What is Form 16? 

Check your Income Tax Refund Status Online

How to link PAN with aadhar on new e-filing portal

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