Scroll Top
ITR 1

Documents Required

  • Form 16
  • Bank Statement
  • Details of Other Income

Income tax return filing for an individual with salary income of less than Rs.5 lakhs.

INR 1750 All Inclusive
INR 2500 30% Off

Basic

  • INCOME TAX RETURN FILING

Buy Now
Talk to Adviser

Features

  • Affordable Prices
  • Pay per Filing
  • Experienced Accountants
Logo Save 18% with GST Registration
Get GST e-Invoice with Input Tax Credit

ITR-1 (Sahaj) Filing

ITR, or Income Tax Return, is a crucial document in which taxpayers report their income and applicable taxes to the income tax department. The Income Tax Act of 1961 outlines all the ITR forms and their procedures. Among these forms, ITR-1, often referred to as Sahaj, holds particular significance. ITR-1 (Sahaj) is designed for individuals with an income of up to Rs.50 lakhs, making it applicable to most salaried individuals.

TaxInno offers a seamless and efficient solution for filing Income Tax Returns using the ITR-1 form in India. Our team of experts guides you through the entire process, ensuring that you meet your tax compliance obligations effortlessly. With TaxInno’ ITR-1 Filing Services, you can navigate the complexities of tax submission with ease, allowing you to focus on what matters most while we handle your tax return needs. Get started today!

An Income Tax Return (ITR) is a document used by taxpayers to report details about their income earned and the corresponding tax liability to the income tax department. It serves as a formal declaration of an individual or entity’s financial information, ensuring transparency and compliance with tax regulations.

The ITR landscape includes seven different forms: ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, and ITR-7. Each taxpayer is required to file their ITR on or before the specified due date. The choice of ITR form depends on factors such as the sources of income, the amount of income earned, and the taxpayer’s category, which can include individuals, HUFs (Hindu Undivided Families), companies, and more.

The ITR-1 Sahaj Form, as its name implies, serves as a simplified means for individual taxpayers to file their income tax returns. This form is specifically tailored for resident individuals in India whose total income falls below the Rs. 50 Lakhs threshold and originates from the following sources:

  • Income from Salary or Pension
  • Income from a Single House Property
  • Income from Other Sources

The ITR-1 Form simplifies the procedure for eligible individuals to disclose their income tax information, offering a convenient and effective approach to fulfilling their tax obligations.

ITR-1 is applicable to Resident Individuals who meet the following criteria:

  • Income Threshold: The individual’s total income for the financial year must not exceed Rs. 50 lakh.
  • Permissible Income Sources: ITR-1 is suitable for individuals whose income comes from the following sources:
  • Salary
  • Income from a single-house property
  • Family pension income
  • Agricultural income (up to Rs. 5,000)
  • Other sources include:
  • Interest from Savings Accounts
  • Interest from Deposits (Bank / Post Office / Cooperative Society)
  • Interest from Income Tax Refund
  • Interest received on Enhanced Compensation
  • Any other Interest Income
  • Family Pension
  • Clubbing of Income: Combining income with a spouse’s or a minor’s income is allowed only if the source of income falls within the specified limits mentioned above.

The following categories of individuals are not eligible to file ITR-1:

  • Resident Not Ordinarily Resident (RNOR) and Non-Resident Indian (NRI) individuals
  • Those with a total income exceeding ₹ 50 lakh
  • Individuals with agricultural income surpassing ₹ 5,000
  • Individuals with income derived from activities like lottery, racehorses, legal gambling, etc.
  • Those with taxable capital gains, both short-term and long-term
  • Individuals who have invested in unlisted equity shares
  • Individuals with income sourced from business or profession
  • Individuals serving as Directors in a company
  • Individuals availing tax deduction under section 194N of the Income Tax Act
  • Individuals with deferred income tax on Employee Stock Ownership Plan (ESOP) received from an eligible start-up employer
  • Individuals who own and generate income from more than one house property
  • Individuals who do not meet the eligibility criteria outlined for ITR-1 filing.

Popular Searches

Tax filing | Income tax filing | File income tax return | Gst registration |  Income tax return | Tax return filing | Tax filing online | Income tax | Tax services | Tax filing services | Company registration in India | Business tax filing | Tax returns | Income tax services | Business tax return | Business taxes | Income tax e filing |Income tax login | File income tax online | E file | Online tax services | Income tax online | Income tax software | Apply for gst | income tax | sales tax | gst | digital marketing | Digital marketing agency | Online marketing | Digital marketing company | Internet marketing | Online digital marketing | Online marketing business | Digital marketing website | Web marketing | Digital marketing business | Online marketing agency | Digital media marketing | Digital marketing agency website | Digital agency website | Sales tax permit | Sales and use tax | Online marketing company | Media marketing agency | Digital marketing campaign | IT return filing | Sales tax services | Sales tax by state | Income tax | Income tax department | Website marketing agency | Digital media company | Sales tax filing | Use tax | Online marketing website | Tax business for sale