Who Can File Form ITR-1 (Sahaj)?
ITR-1 is the most common income tax return form in India. It is specifically designed for resident individual taxpayers whose total income does not exceed ₹50 Lakhs during the financial year and originates from:
- Salary or Pension income.
- One Single Residential House Property.
- Other Sources (Interest from Savings accounts, Fixed Deposits, Family Pension, Dividends).
- Agricultural income up to ₹5,000.
Who CANNOT File ITR-1?
- Individuals with Capital Gains from shares, mutual funds, or real estate (must file ITR-2).
- Directors in any company or holders of unlisted equity shares.
- Individuals with business or professional income (must file ITR-3 or ITR-4).
- Individuals owning foreign assets or foreign bank accounts.
Step-by-Step Filing Workflow
- Download Form 16 from your employer and cross-verify with AIS / Form 26AS.
- Log in to the Income Tax E-Filing Portal (eportal.incometax.gov.in).
- Select Assessment Year and choose ITR-1.
- Verify pre-filled salary figures, enter exempt allowances (HRA under 10(13A), LTA).
- Enter deductions under Chapter VI-A (80C, 80D, 80CCD, 80TTA).
- Verify tax calculations and submit. Complete instant Aadhaar OTP e-verification within 30 days.