Preparing ITR

Most of the employees expect their Income tax return to be prepared by Employer himself, as employer will have the declared data by employee as well as his salary details.

As a part of HR activity an Employer may choose to generate either ITR-1 or ITR-2 on behalf of the Employee and issue it to the employee.

ITR-1:
This can be done by the employer, if employee has only income from Salary/ Pension/ family pension & Interest.

ITR-2:
This can be done by the employer, if employee has income Salary, interest, etc, along with Loss under house property [Interest paid on housing loan].

Other ITR forms:
Usually employer will not look in preparing other ITR forms [3 and 4] for the employee because, it needs more data to be collected from the employee.