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ITR filing online

ITR-1

ITR-1 is the tax form for salaried individuals with income from one source. It requires accurate information about income, deductions, and taxes paid. Claim all eligible deductions, double-check for errors or omissions, and verify if e-filing. Filing your return is a legal requirement and a responsible act. Take the time to do it right for your financial health and peace of mind.

Who can file ITR-1 Sahaj Form?

  • The ITR-1 Sahaj form is for salaried individuals or pensioners with income from a single source, such as salary or pension

  • It can also be used by individuals with income from other sources, such as interest income, provided their total income does not exceed Rs. 50 lakhs for the financial year

  • ITR-1 is a simple tax form with fewer sections, making it easier to file returns for those with uncomplicated tax situations

  • Individuals with income from business or profession, capital gains, or agricultural income exceeding Rs. 5,000 cannot file ITR-1 and must use the appropriate form.

  • Filing returns accurately and on time is crucial to avoid penalties and interest charges. Gather all necessary information and documents, claim eligible deductions, and double-check everything before submitting your return.

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​Who cannot file ITR-1 Sahaj Form?

  • Individuals with income from business or profession, such as freelancers, consultants, or self-employed individuals, cannot file ITR-1 Sahaj form

  • Those who have earned income from capital gains, such as profits from the sale of stocks or property, cannot file ITR-1

  • Individuals with agricultural income exceeding Rs. 5,000 cannot file ITR-1 and must use the appropriate form

  • Anyone with income from more than one source, such as multiple salaries or rental income, cannot file ITR-1

  • If an individual has income from sources outside of India, they cannot file ITR-1 and must use the appropriate form for foreign income reporting

  • Those who have exempt income exceeding Rs. 5,000, such as interest income from tax-free bonds, cannot use ITR-1 and must file a different form

  • Individuals who are directors of a company or have invested in unlisted equity shares are also not eligible to file ITR-1 Sahaj form.

​Documents required to file ITR-1 Sahaj Form

  • Form 16 or salary statement from the employer

  • Interest statements from banks or post offices for interest income

  • Details of income from other sources, such as rental income or capital gains

  • TDS certificates for tax deducted at the source

  • Points of any deductions claimed, such as Section 80C investments, home loan interest, or medical insurance premiums

  • Aadhaar card or PAN card

  • Bank account details for receiving refunds, if applicable.

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