Download Income Tax Return (ITR) 1: Income Tax Return for AY 2013-14 for Salaried Person

Download Income Tax Return (ITR) 1 for assessment year(AY) 2013-2014 i.e. FY 2012-13. ITR 1 is applicable to an individual whose total income for the assessment year 2013-14 includes Income from salary / pension or Income from one house property (excluding cases where loss is brought  forward from previous year) or Income from other sources (excluding winning from lottery and income from race horses). This ITR 1 return can’t be used by person having income from Income from more than one house property or Income from winnings from lottery or income from race horses or Income under the head “capital gains “ E.g., short-term capital gains or long-term capital gains from sale of house, plot, shares etc or Income from agriculture/exempt income in excess of Rs. 5000 or Income from business or profession or Lost under the head ‘income from other sources’ or Person claiming relief of foreign tax paid section 90, 90A or 91 or Any resident having any asset (including financial interest it any entity) located outside India singing authority in any account located outside India. 

1.       Assessment year for which this return form is applicable

This return form is applicable for assessment year 2013-2014 only, i.e., it relates to income earned to financial year 2012-13.

2.       Who can use this return form

This return form is to be used by an individual whose total income for the assessment year 2013-14 includes. 

a)      Income from salary / pension; or

b)      Income from one house property (excluding cases where loss is brought  forward from previous year) ;or

c)       Income from other sources (excluding winning from lottery and income from race horses)

NOTE Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of assessee, this return form can be used only if the income being clubbed falls into the above income categories.

3.       Who cannot use this return form

This return form should not be used by in individual whose total income for the assessment year 2013-14 includes:-

a)      Income from more than one house property; or

b)      Income from winnings from lottery or income from race horses; or

c)       Income under the head “capital gains “ E.g., short-term capital gains or long-term capital gains from sale of house, plot, shares etc.: or

d)      Income from agriculture/exempt income in excess of Rs. 5000; or

e)      Income from business or profession; or

f)       Lost under the head ‘income from other sources’ ; or

g)      Person claiming relief of foreign tax paid section 90, 90A or 91 ; or

h)      Any resident having any asset (including financial interest it any entity) located outside India singing authority in any account located outside India. 

4. Obligation to file return

Every individual whose total income before allowing deductions under Chapter VI-A of the Income-tax Act, exceeds the maximum amount which is not chargeable to income tax is obligated to furnish his return of income. The maximum amount not chargeable to income tax in case of different categories of individuals is as follows:- 

S.No.Category

Amount (in Rs.)

i. In case of individuals below the age of 60 years

2,00,000

ii. In case of individuals who are of the age of 60 years or more but less than eighty years at any time during the financial year 2012-13.

2,50,000

iii. In case of individuals who are of the age of 80 years or more at any time during the financial year 2012-13.

5,00,000

5. COMPUTATION OF TAX LIABILITY ON TOTAL INCOME

The tax liability has to be computed at the rates given as under:-

(i) In case of every individual(other than resident individual who is of the age of 60 years or more at any time during the financial year 2012-13) – 

Income (In Rs.) Tax Liability (In Rs.)
Upto Rs. 2,00,000Nil
Between Rs. 2,00,001 – Rs. 5,00,00010% of income in excess of Rs. 2,00,000
Between Rs. 5,00,001 – Rs. 10,00,000Rs. 30,000 + 20% of income in excess of Rs. 5,00,000
Above Rs.10,00,000Rs. 1,30,000 + 30% of income in excess of Rs. 10,00,000

(ii) In case of resident individual who is of the age of 60 years or more but less than 80 years at any time during the financial year 2012- 13-

Income (In Rs.) Tax Liability (In Rs.)
Upto Rs. 2,50,000Nil
Between Rs. 2,50,001 – Rs. 5,00,00010% of income in excess of Rs. 2,50,000
Between Rs. 5,00,001 – Rs. 10,00,000Rs. 25,000 + 20% of income in excess of Rs. 5,00,000
Above Rs.10,00,000Rs. 1,25,000 + 30% of income in excess of Rs. 10,00,000

(iii) In case of resident individual who is of the age of 80 years or more at any time during the financial year 2012-13

Income (In Rs.) Tax Liability (In Rs.)
Upto Rs. 5,00,000Nil
Between Rs. 5,00,001 – Rs. 10,00,00020% of income in excess of Rs. 5,00,000
Above Rs.10,00,000Rs. 1,00,000 + 30% of income in excess of Rs. 10,00,000

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5 thoughts to “Download Income Tax Return (ITR) 1: Income Tax Return for AY 2013-14 for Salaried Person”

  1. Hello,

    The article says that those having exempt income exceeding Rs. 5000/- can NOT use ITR-1 to file tax returns. Is this applicable to the Conveyance allowance of Rs. 800/- per month which amounts to Rs. 9600/- annually and thus exceeds Rs. 5000/- limit?
    In such case, which ITR form to be used to file tax returns?

    Thanks and regards,
    -Vaibhav

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