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ITR 1 Sahaj Form: Eligibility, Documents & How to File?

With the idea of making tax compliance easy, the Income Tax Department has sectioned its taxpayers based on their incomes and sources. In this post, we will specifically be targeting ITR-1 and understand it in depth.

What is ITR-1?

ITR-1 form is also known as ITR-1 Sahaj form and is specified for people who have an income of up to ₹50 lakhs. This implies most salaried individuals are supposed to file the ITR-1. Apart from ITR-1 meaning, one must also know what it looks like.

What does an ITR form look like?

A Sahaj form has 7 different parts. Here is a look at the ITR-1 structure.

Part A - General information

general information — (Source: incometaxindia)

Part B - Gross total income

gross total income — (Source: incometaxindia)

Part C - Deductions and total taxable income

Part c- deductions and total taxable income — (Source: incometaxindia)

Part D- Computation of tax payable

computation of tax payable — (Source: incometaxindia)

Part E- TDS details

tds details — (Source: incometaxindia)

Part F - Self-assessment tax payment, advance tax verification

self assessment tax payment — (Source: incometaxindia)

Part G - Details of investment made between 1st April and 31st July

details of investment

Who is ITR-1 for?

ITR-1 is a one-page comparatively simpler form for individuals who do not have an income above ₹50 lakhs.

If you are wondering who is eligible for ITR-1, know that the income should be from the following sources:

Income from salary or pension
Income from one house property
Income from other sources

If filing for clubbed income tax returns, where a spouse or a minor is included, it can be taken forward if only the above-mentioned eligibility for ITR-1 is met.

Who is excluded from Filing ITR-1?

Before proceeding to know how to file ITR-1, learn who is disqualified from it.

An individual with an income above ₹50 lakhs
An individual who is either a director of a company and also has any unlisted equity shares at any point of the AY
Residents not ordinarily residents and non-residents
Individuals who have income through-
- More than one house property
- Legal gamble, lottery, horse race, etc.
- Long and short-term taxable capital gains
- Agricultural income above ₹5,000
- Business and profession
- A resident who has assets outside India or is a signing authority in any account outside India
- Individual who claims relief of foreign tax paid or relief under 90/90A/91

How to File my ITR-1?

Submission of the ITR-1 form is possible both online and offline.

How to file ITR-1 offline

Only the below mentioned individuals can file their form offline-

An individual who was at the age of 80 or above at any time during the previous year.
An individual or a HUF whose income does not exceed ₹5 lakhs and who has also not claimed for a refund in the return of income.

The return is submitted in a physical paper form, and the IT Dept. issues an acknowledgement at the time of submission of these papers. Make sure to keep the documents required for ITR-1 filing handy.

How to file ITR-1 online

E-filing of ITR-1 involves the following-

Transmitting data electronically, downloading the acknowledgement, and sending it signed to CPC Bengaluru.
By filing returns online and then e-verifying the ITR-1 through the Aadhaar card, bank account, net banking, or Demat account.

If you have taken the first means, an acknowledgement will be sent in a couple of days to your registered email ID. You can also download it, and then you will need to send the acknowledgement to CPC Bengaluru within 120 days.

Alternatively, you can also e-verify. This concludes how to submit ITR-1 forms online.

Major changes in the ITR-1 in 20-21

Individual taxpayers who meet the criteria of-

Making a cash deposit of ₹1 crore at the bank.
Incurring an expense of ₹2 lakhs or above on foreign travel.
Expenses of ₹1 lakh or above.

Such individuals should file ITR-1. The taxpayer also needs to indicate the amount of deposit or expenditure.

The individuals who have income from salaries, one house property, or other income totaling to ₹50 lakhs are to file the way they used to in the past.

Resident individuals who own a single property in joint ownership can also file the ITR-1 Sahaj if the total income amounts to ₹50 lakhs.

Taxpayers need to separately disclose their amount of the investment or deposit or payment towards tax savings made from 1st April to 30th June.

The ITR-1 Sahaj, as it is named, implies it has been made easy to be filed so the filing of taxes can become easier for salary earners. With this form, they can file their taxes at the comfort of their homes and offices without assistance saving them from compliance charges.

Frequently Asked Questions

✓ My income in the assessment year was more than ₹50 lakhs. Which form should I file this year?

If you have an income above ₹50 lakhs, then you need to file either ITR-2, ITR-3, or ITR-4 based on your source of income. If you are a salaried individual and have an income above₹50 lakhs, then you should file for ITR-2.

✓ Can I file ITR-1 with agricultural income exemption?

Yes! You can file only if your agricultural income does not exceed ₹5000. If it is more than that, then you will need to file ITR-2.

✓ How do I report my bank accounts in ITR-1?

Details of all current and saving accounts need to be mentioned. However, if your account is dormant for more than 3 years, you don’t need to mention it.

More article about Income Tax in India

Income Tax Benefits for Senior Citizens

Income Tax Slabs in India

Income Tax Slab for Senior Citizen

Individual Income Tax Slab

Income Tax Slab for Women

How to Save Tax in India

Deductions under Section 80C

Tax Saving Options other than 80C

How your Family can help you save Tax?

New Income Tax Slabs for Senior & Super Senior Citizens

Benefits of Filing Income Tax Return ITR

How to File ITR Online?

How to File Income Tax Return Online for Salaried Employees?

ITR Filing for Businesses & Individuals

How to get Income Tax Return Copy Online?

What is ITR 2 in Income Tax?

What is ITR 4 in Income Tax?

What is ITR 1 Form Sahaj?

What is ITR-3 Form?

How to File Income Tax Return ITR?

How to File ITR for Non-Salaried Person

How to File TDS Return

Last Date of Filing Income Tax Return (ITR)

All you need to know about Income Tax Returns

Capital Gains Tax: Long Term & Short Term Gains

How To Get Income Tax Refund (TDS Refund)

How to Check Income Tax Refund Status Online

Different Types of Income Tax Return Forms in India

How to Download ITR Acknowledgement Online?

What happens if ITR is not Filed?

What is the Penalty for Not Filing ITR?

How to do e-Verification of ITR?

File ITR for Pensioners & Retired Govt Employees

Home Loan Tax Benefits

Section 80TTA of Income Tax Act

Section 194H of Income Tax Act

Section 194A of Income Tax Act

Section 80DDB of Income tax Act

What is TAN Card

Section 80GG of Income Tax Act

Section 80E of Income Tax Act

Section 80CCD of Income Tax Act

Section 80D of Income Tax Act

What is Income Tax Form 16

What is ITR Form 16A

What is ITR Form 26AS?

Section 194I of Income Tax Act

Section 115BAC of Income Tax Act

What is Excise Duty in India?

What is Indirect Tax?

Deductions Under Section 80GGA of Income Tax Act

Difference Between Section 80G and 80GGA

Tax Credit vs. Tax Deduction

Section 80U of the Income Tax Act

What is Deferred Tax?

Section 80CCG of Income Tax Act

Section 80CCC of Income Tax Act

Section 80DD of Income Tax Act

Section 80EE of the Income Tax Act

Difference Between Direct and Indirect Tax

Tax Exemption Rules on Marriage Gifts in India

Section 80G of Income Tax Act

Section 24 of Income Tax Act

Section 80GGC of Income Tax Act

Income Tax for NRIs

Income Tax Filing for Freelancers in India

Differences Between Long Term & Short Term Capital Gains

What is Profit Before Tax

Section 43B of Income Tax Act

Section 154 of Income Tax Act

Section 195 of the Income Tax Act

Section 192A of the Income Tax Act

Section 80CCF of the Income Tax Act

Tax Rebate under Income Tax Section 87A

Depreciation Rates as Per the Income Tax Act

What is Profit After Tax

Section 24B of the Income Tax Act

Statement of Financial Transaction under Section 285BA

Section 276B of the Income Tax Act

Section 44AD of Income Tax Act

Section 54EC of the Income Tax Act

Section 148 of the Income Tax Act

Section 10 of the Income Tax Act

Section 54 of Income Tax Act

Section 44AB of Income Tax Act Explained

Section 194O of Income Tax Act

What is AIS (Annual Information Statement)

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Disclaimer: This information is added only for informative purposes and collected from different sources across the Internet. Digit Insurance is not promoting or recommending anything here. Please verify the information before making any decisions.

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Go Digit General Insurance Limited (formerly known as Oben General Insurance Ltd.) - Registered Office Address - 1 to 6 floors, Ananta One (AR One), Pride Hotel Lane, Narveer Tanaji Wadi, City Survey No.1579, Shivaji Nagar, Pune-411005, Maharashtra | Corporate Office Address - Atlantis, 95, 4th B Cross Road, Koramangala Industrial Layout, 5th Block, Bengaluru-560095, Karnataka