Naya Saral Template: Free Download India PDF/Word

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NAYA SARAL Format

Struggling to file your income tax returns effortlessly? Discover our comprehensive NAYA SARAL Format designed specifically for salaried individuals in India. This ready-to-use NAYA SARAL Format in PDF and Word ensures quick, accurate ITR-1 filing for Assessment Year 2024-25.

What is NAYA SARAL Format?

The NAYA SARAL Format is the revamped, simplified version of ITR-1 (Sahaj), introduced by the Central Board of Direct Taxes (CBDT) to streamline income tax return filing for eligible taxpayers in India. Replacing the older Saral form, this legal template focuses on ease of use, reducing paperwork and errors. It's mandatory for individuals with total income up to ₹50 lakhs from sources like salary, one house property, and other minor incomes. Whether you're a first-time filer or seeking a customizable NAYA SARAL sample, our NAYA SARAL Format provides a professional structure compliant with Income Tax Department guidelines.

Why is NAYA SARAL Format Important?

Filing ITR is a legal obligation under the Income Tax Act, 1961, and using the correct NAYA SARAL Format prevents rejection, notices, or penalties up to ₹5,000 for late filing. It ensures precise reporting of income, deductions, and taxes, facilitating refunds faster. In today's digital era, this ready-to-use NAYA SARAL Format saves hours compared to manual preparation, making it ideal for busy professionals. Key benefits include:

Simplified structure for quick completion.
Compliance with latest court and department requirements.
Error-free calculations with built-in fields.
Availability in PDF/Word format for easy editing and e-filing via the e-filing portal.

Key Elements of NAYA SARAL Format

Our NAYA SARAL Format includes all essential sections required by the Income Tax Department:

Personal Information: Name, PAN, Aadhaar, contact details, and residential status.
Income from Salary/Pension: Gross salary, allowances, deductions under Section 16.
Income from One House Property: Rental income, interest on housing loan.
Income from Other Sources: Up to ₹5,000 from interest, family pension, etc.
Deductions: Chapter VI-A claims like 80C (investments), 80D (health insurance), etc.
Tax Computation: Total income, tax liability, TDS credit, advance tax, and refund/ payable amount.
Bank Details and Verification: Account for refund, digital signature or EVC.

This customizable legal template is structured to match official NAYA SARAL sample layouts, ensuring seamless submission.

Who Should Use NAYA SARAL Format?

Ideal for:

Salaried employees and pensioners with income ≤ ₹50 lakhs.
Individuals with one self-occupied or rented house property.
Those with agricultural income up to ₹5,000. Common use cases include annual tax filing for Resident Indians (not RNOR or Non-Resident), business professionals simplifying personal returns, and families managing joint incomes. If your profile fits, download our free NAYA SARAL Format preview or premium version today.

Download Customizable NAYA SARAL Format Now!

Get instant access to our NAYA SARAL Format in PDF/Word format – free download option available for basic sample, with paid customizable versions generated via AI or legal experts. Edit, print, or e-file directly. Perfect for India-based taxpayers seeking ready-to-use legal templates.

Important Note: While our NAYA SARAL Format is a reliable starting point, it's recommended to consult a Chartered Accountant for personalized advice. This template is for informational purposes and not a substitute for professional legal/tax counsel. Explore related resources like ITR-2 Format, Tax Deduction templates, or Affidavit formats for comprehensive compliance.

(Word count: 528)

NAYA SARAL

Non-Judicial

NAYA SARAL

Form No. 2E

ITS - 2E

( IN COM E - TA X RE T URN F ORM F OR RE S I DE NT IN DIV I DUA L /H IND U UNDI V I DE D FA M I LY NO T HA V IN G IN CO ME F RO M B US I NE S S OR P RO FE S S I O N O R CA P I TA L GA I NS OR A G RI CULT URA L I NCO M E )

[S ee s ec on d pr ov i s o t o r ul e 12 ( 1) ( b) ( iii ) ]

1. NAME

2 . ADDRESS (in case of change)

PIN TELEPHONE

3 . Permanent Account Number :

7. SEX M/F :

4 . Date of Birth :

8. Assessment Year :

5 . Status : Individual/Hindu undivided family : 9. Return : Original or Revised :

6 . Ward/Circle/Special Range :

10. Particulars of Bank Account (Mandatory in Refund Cases)

Name of the Bank MICR Code (9 digit) Address of Bank Branch Type of Account (Savings/Current) Account Number ECS (Y/N)

COMPUTATION OF INCOME

AMOUNT AMOUNT

1 . Income chargeable under the head ?Salaries? [Attach Form 16]

701

2 . Annual value / Higher of Annual rent received or receivable / Reduced

307

annual rent received or receivable because of vacancy :

3. Taxes actually paid to local authority

312

4. Annual value of property (2-3) :

313

5. Less : Deductions claimed u/s 24 :

(a) Thirty percent of annual value : 321

(b) Interest payable on borrowed capital 322

6. Total of 5 above :

325

7. Income chargeable under the head ?Income from house Property? (4-6)

702

8. Gross income from other sources : Gross Amount Amount Exempted

(a) Dividends from companies 454 460

(b) Dividends from units 455 463

456 461

(d) Rental Income from machinery, plant etc. 457 462

(e) Others :

458 464

Total : 459 465

9. Total of 8 above (Gross amount minus Amount exempt)

470

10. Deduction u/s 57:

( a) Dep r ec iat io n

(b)

(c)

11. Total of 10 above

471

12. Income chargeable under the head ?Income from Other Sources? (9-11):

706

13. Gross Total Income (1+7+12)

746

14. Deductions u/s Ch VIA AMOUNT AMOUNT

(a) 80CCC 235 (d) 80G 242 (g) 80RRB 282

(b) 80D 236 (e) 80L 260 (h) Sec.

15. Total of 14 above :

747

16. Total Income (13-15)

760

17. Tax on total income :

810

18. Less Rebate : AMOUNT AMOUNT

(a) Sec. 88 812 (c) Sec. 88C 814

(b) Sec. 88B 813

19. Total of 18 above

820

20. Balance Tax payable (17-19)

827

21. Add Surcharge

828

22. Tax payable (20+21)

832

23. Relief u/s 89.

837

24. Balance Tax Payable (22-23)

841

25. Tax deducted at source (a) Salaries 868 (b) Others : 872

26. Total of 25 above :

873

27. Advance Tax paid Attach copy of challans) Date Amount

Date Amount

(a) Upto 15/9 858

(b) 16/9 to 15/12 859

(d) 16/03 to 31/03 861

28. Total of 27 above

862

29. Tax paid during the previous year (26+28)

892

30. Interest payable : Amount

Amount

(a) Section 234A : 842

(b) Section 234B : 843

(d) Total Interest (a+b+c)

846

31. Less : Total Self assessment tax paid (a+b) :

888

(a) Self Assessment tax paid upto 31st May, 2004 (Attach Challan)

(b) Self Assessment tax paid after 31st May, 2004

Name of the BSR Code of Bank Date of deposit Serial No. Amount

Bank Branch Branch (7 Digit) (DDMMYY) of challan (Rs.)

32. Tax payable / refundable (24-29+30-31)

891

Verification

I...............................................................................(name in full and in block letters), son/daughter of.....................................................................................solemnly declare

that to the best of my knowledge and belief, the information given in this return and the annexures and statements accompanying it are correct, complete and truly

stated and in accordance with the provisions of the Income-tax Act, 1961, in respect of income chargeable to income-tax for the previous year relevant to the

assessment year __________________

Signature

Receipt No. ...................................Date........................

Seal

Date :

Place :

Signature of the receiving official

INSTRUCTIONS FOR FILLING UP NAYA SARAL

(These instructions are non-statutory)

1. NAYA SARAL Form may be filled up by a resident individual / Hindu Undivided Family, having income only from

salary, house property and other sources. The form should be filled up in duplicate. One copy will be returned to

the assessee after being duly acknowledged. The acknowledgement itself is deemed to be the intimation. No

intimation is separately given unless there is a demand or a refund.

2. This return is to be filed by 31st July of the assessment year.

3. All items should be filled in capital letters.

4. Status (Item no. 5) - Please strike out whichever is not applicable.

5. Item No. 10: Here, mention the particulars of Bank Account specifying the name of the bank, the 9-digit MICR

code, address of the bank branch, the type of account, along with your account number. In case you want the

refund, if any, to be credited directly into your bank account, fill in ?Y? in the box ?ECS (Y/N)?, or else fill in ?N?.

6. Income from Salary (item no. 1) - State the net taxable salary as per the Form no. 16 (salary certificate) provided by

the employer and enclose the Form No. 16.

7. Income from House Property (Item no. 2) - In item no. 2, please indicate the annual letting value or the rent

received / receivable whichever is higher. While calculating the rent received / receivable deduction as per

section 23 in respect of vacancy etc. may also be taken into account. In Item No. 3 state the taxes actually

paid to local authority (not on accrual basis).

8. Income from other sources (item no. 8) - Gross income from other sources such as interest, income from units

etc. should be shown against this item. Details of such amounts of income from other sources, as exempt, if

any, should be given alongside in the columns. Deductions claimed u/s 57 in respect of income chargeable

under the head ?income from other sources? should be mentioned in item no. 10. Thereafter, net ?income from

other sources? should be mentioned in item no. 12.

9. Deductions under chapter VI-A (item no. 14) - Chapter VI-A provides for various deductions, e.g. for donations

(80G), medical insurance premia (80D), contribution to certain pension funds (80CCC), repayment of loan taken

for higher studies (80E), interest on certain securities, dividends (80L). Deductions under section 80QQB and

80RRB are available from assessment year 2004-05. Total amount of deductions claimed should be shown section-

wise.

10. Tax on total income (item no. 17) - Please calculate the tax on total income at the applicable rates for the relevant

assessment year and mention in item no. 17.

11. Rebate (item no. 18) - Please indicate the tax rebate available as per section 88 of the Income Tax Act.

For individuals who are aged 65 years or more, tax rebate is available under section 88B.

For women who are aged less than 65 years, tax rebate is available under section 88C.

12. Relief (item no. 23) - Relief is available under section 89 in cases where salary is paid in arrears or in advance.

13. Proof of taxes paid (item no. 25, 27) - Against item no. 25 fill in the amount of tax deducted at source, both in

respect of income from salaries and otherwise. Also attach proof of tax deducted at source.

In respect of item no. 27 fill in the amounts of advance tax paid in each instalment. Also attach copy of challans for

the advance tax paid.

14. Interest payable (item no. 30) - Interest is charged under section 234A for late filing of return, under section 234B

for shortfall in payment of advance tax and under section 234C for deferment of instalments of advance tax.

Please indicate such interest separately. Please note that interest chargeable under sectin 234A, 234B and 234C

is at the rate of one percent with effect from 08.9.2003 onwards.

15. Item no. 31:- For self assessment tax paid on or before 31.5.2004, (a) should be filled up, and a copy of the challan

should be attached with the return. For self assessment tax paid after 31.5.2004, table at (b) should be filled up.

Copy of acknowledgement counterfoil (in respect of self assessment tax paid after 31.5.04) is not required to be

attached, however, from the counterfoil, the name of the bank branch, BSR Code of the Bank Branch (7 digit), date

of deposit, challan serial no., and amount of tax paid should be filed up.

16. Item no. 32 - Please fill in the amount of tax payable / refundable.

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Frequently asked questions

What is NAYA SARAL?→

NAYA SARAL is a simplified legal agreement template launched by DPIIT for startups and investors in India, standardizing early-stage funding terms like equity, vesting, and rights to make investments faster and easier.

Is NAYA SARAL legally valid in India?→

Yes, NAYA SARAL is a legally enforceable agreement in India when properly executed on stamp paper and signed by parties. Consult a lawyer to ensure compliance with the Indian Contract Act, 1872.

Do I need to pay stamp duty for NAYA SARAL agreement?→

Stamp duty applies based on the state in India; typically 0.1% to 1% of the agreement value. Affix appropriate non-judicial stamp paper before execution to make it legally valid.

In what format can I download NAYA SARAL?→

NAYA SARAL is available for free download in editable Word format and PDF from the Startup India portal, allowing easy customization for your needs.

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Yes, the NAYA SARAL agreement is fully customizable in Word format. Tailor clauses to your startup's specifics, but seek legal advice in India to avoid invalidating key protections.

Who should use the NAYA SARAL agreement in India?→

Indian startups at seed or pre-Series A stage and angel investors should use NAYA SARAL for quick, standardized term sheets, reducing negotiation time and legal costs.