Description

ITR-1 Sahaj is the simplest Income Tax Return form designed for resident individuals with basic income sources. It is mainly used by salaried persons and pensioners who do not have complex financial transactions.

Who Can File ITR-1?

ITR-1 is applicable for resident individuals whose total income includes:

• Salary / Pension Income
• Income from One House Property (excluding cases of brought-forward loss)
• Income from Other Sources (Interest, FD, Savings Interest, etc.)
• Agricultural Income up to ₹  5,000

Who Cannot File ITR-1?

You cannot file ITR-1 if:

• Your total income exceeds ₹  50 lakh
• You have more than one house property
• You have capital gains income
• You have business or professional income
• You are a Director in a company
• You hold unlisted equity shares
• You have foreign income or assets
• You have TDS deducted under Section 194N
• You have losses under “Other Sources”

Key Features of ITR-1

• Simple filing process — minimal details required
• Suitable for employees, pensioners, and individuals with limited income sources
• Can be filed online or offline
• Auto-filled information available from AIS/TIS and Form 26AS
• Ideal for first-time taxpayers

Why File ITR-1?

• To claim refunds on excess TDS
• To maintain financial records for loans, visas, and compliance
• To avoid penalties for non-filing
• To ensure smooth future financial transactions