Online Income Tax Return (ITR) Form- 1

Individual salaried taxpayers with annual income within INR 50 Lacs are required to file their annual ITR in Form itr_1

Form ITR – 1 SAHAJ Filing

Income Tax Department of India has classified taxpayers into several categories based on their income and sources of income. The department has also assigned a specific form to each category for filing their annual Income Tax Returns (ITR). For salaried class taxpayers having an annual income within INR 50 Lakhs, a short and simple form itr_1 SAHAJ has been allocated.

Individuals receiving income from following sources are required to file their ITR through itr_1 SAHAJ:

  • Earning through Salary or Pension
  • Income from one house property (excluding the cases where loss incurred is carried forward)
  • Earning through other sources (excluding lottery, legal gambling, and other such un- lawful activities)

    • Individuals’ earnings through below mentioned sources are not eligible to file their ITR through itr_1 SAHAJ:

  • Having two or more than two housing properties
  • Income from taxable capital gains
  • Income exceeding over INR 5000 on agricultural activities
  • Gains from Lotteries or Race- Horses
  • Income from a business or a profession
  • Income from foreign assets

    • All annual ITRs through Form ITR- 1 must be filed by July 31.

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