Everything You Must Know About Filing ITR-1 with Form 16

May 21, 2025

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Learn how to easily file your ITR-1 using Form 16 with this step-by-step guide. Simplify tax season with smart insights and avoid common filing mistakes.

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Everything You Must Know About Filing ITR-1 with Form 16

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ITR-1 Form details to know while e-filing income tax returns

This ITR form also known as Sahaj is used by salaried individuals for filing income tax returns which is easy, less complicated and done away with some columns to make it very simple. The last date of e-filing income tax returns is 31st July,2017. https://www.trutax.in

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How do I ITR filing without Form 16? 09891200793

The ITR filing department matches the details provided by you in the ITR with the Form 16 details. Form 16 details are submitted to the income tax department by the employer, there is a matching done, which if not coinciding with your ITR gives rise to a tax demand or a defective notice. For any inquiry call us 91 9891200793 or visit our site https://www.trutax.in/

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Form CP500 can be modified by completing Form CP502 and sending it to the appropriate LHDN branch by June 30 of the current assessment year. However, if the revised tax amount (Form CP502) is 30% less than the actual tax amount payable, the difference will be subject to a penalty of 10%. The formula for calculating the tax amount to be increased is as follows: = [(Actual tax payable - Estimated tax payable) - (30% x Actual tax payable)] x 10%

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