Rental Income Tax Filing
An
individual will have to input personal information like first name, gender,
date of birth, and PAN number to begin the ITR filing process. Income details
will have to be uploaded along with Form 16.
The first
step to file ITR-1 for those who earn a rental income is to enter personal
information such as first name, middle name and last name, gender, and date of
birth along with the PAN number.
After
entering the requested information, the individual will have to click on
‘Income Sources’ and fill in their income details. To do so, you will have to
choose Salary / Other Income / House Property / Capital Gain / Business and
Profession. After selecting your source of income, you may either upload your
Form 16 or manually enter the details of your employer along with your taxable
salary.
The third
step will include locating the taxable income in your Form 16 and entering the
salary TDS in the appropriate section. Next, other incomes such as those from
gifts, fixed deposits, bank accounts, etc. must be entered in the ‘Other
Income’ tab.