ITR-1 Return Filing

ITR-1 Return Filing

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


Income tax return filing for an individual with salary income of less than Rs.10 lakhs.


Income tax return filing for an individual with salary income of more than Rs.10 lakhs.

ITR 1 Completion Form

The Income Tax Department has divided taxpayers into groups in order to facilitate tax compliance. Completion of ITR 1 Return in India for people with incomes of up to Rs.50 lakh.

This article is a complete guide to understanding ITR Form 1 Sahaj. Each taxpayer category must calculate the taxable income as set out in the Income Tax Act, 1961. Post computation is required for the taxpayer to file Income Tax Returns.

Who can file ITR 1 Sahaj Form?

ITR 1 Sahaj Form is for individuals with incomes of up to Rs.50 lakh lakhs. People earning money from the following sources can file the ITR 1 Sahaj Form:

  •       Paid person – Salary means the salary or consideration a person receives for services rendered under a contract of employment. The Income Tax Act, 1961 covers the following under salary
  •       Earnings
  •       Pensions
  •       Annual fee
  •       Prepaid salary
  •       Leave Encashment
  •       Money, necessities, commissions, profits outside or in lieu of id or salary
  •       Balance transferred to a recognized provident fund
  •       The annual increase is a well-known provident fund
  •       Central Government contributions or employer contributions to the Pension Account as set out in Section 80 CCD of the Income Tax Act.
  •       One-story building: If the taxpayer owns the rental property, the rent becomes taxable.
  •       However, if the taxpayer is using the landlord, the rent is taxable. However, if the taxpayer uses the property to run a particular business or profession it will be taxed under the heading “Revenue from the business or work”.
  •       Other sources (excluding income earned by winning the lottery or race horses)
  •       Agricultural income (Up to Rs. 5000)

Who cannot file ITR 1 Sahaj Form?

The ITR 1 Sahaj Form cannot be submitted as follows:

  •       A person earning more than Rs.50 lakh cannot use this ITR 1 Sahaj 1 form.
  •       A person who is a Director of the Company and whose shares are not listed during the financial years may not be able to use this form.
  •       Non-ordinary citizens and non-citizens also cannot file Form ITR 1 Sahaj.
  •       People who have earned revenue from the following sources cannot file an ITR 1 file:
  •       More than one piece of furniture
  •       Lottery, Horse Racing, Official Gambling, etc.
  •       Tax benefits (both short-term and long-term)
  •       Agricultural income if it exceeds Rs. 5,000
  •       An Indian citizen who owns property outside of India or a signing authority on any India-based account
  •       Persons seeking tax exemption exempt or double tax exemptions under Section 90 / 90A / 91.

Documents required to submit the ITR 1 Sahaj Form

What documents are required to apply for the ITR 1 Sahaj Form?

  •       Form 16
  •       Salary slips
  •       Post Office and Bank Interest Certificates
  •       Form 16A / 16B / 16C
  •       Form 26AS
  •       Proof of tax savings investment
  •       Withdrawals under Section 80 D to 80 U
  •       Home Loan Statement from NBFC or Bank
  •       Financial Benefits.

A new tax system is when a taxpayer has the option of paying lower interest rates on the new tax system provided he or she rejects certain allowable and deducted exemptions available from income tax.


The taxpayer can continue to pay taxes below existing tax rates. The inspector can get discounts and exemptions by staying in the old government and paying taxes at the highest rates available.


  •       The tax rates on the new tax system are the same for all categories of people. Therefore, no additional basic exemption benefits will be available to older persons and older persons in the New Tax System.
  •       Persons with a Tax Income that is less than or equal to Rs 5 lakh will be eligible for the tax rebate / s 87 A Tax debt will not apply to such persons in both the existing New or Old tax system.
  •       The exemption limit for NRIs is Rs. 2.5 lakh regardless of age.
  •       Additional health and education fees at 4% will be added to income tax debt in all cases (Increased from 3% from FY 2018-19)

Additional payment applicable according to the tax rates below all the categories mentioned above:

  1.     10% of total income tax> Rs. 50 lakh.
  2.     15% income tax if total income> Rs.1 crore
  3.     25% income tax if total income> Rs.2 crore.

4.      37% of income tax is total income> Rs.5 crore.

What are the conditions for choosing a new tax system?

The taxpayer who chooses the license rates for the new tax system must waive the exemptions and deductions incurred under the old tax system. A total of 70 deductions are allowed where the most commonly used are listed below:

The list of general exemptions and deductions that are not allowed in the new income tax system are:

    •       Leave Travel Travel
    •       House Rental Fee
    •       Conveyance Allowance
    •       Daily expenses during work hours
    •       Transportation Grant
    •       Assistant Grant
    •       Child Education Grant
    •       Other Special Benefits [Section 10 (4)]
    •       Normal deductions from salary
    •       Professional tax
    •       Interest on mortgage loans (Section 24)

  Deductions under Chapter VI A withholding (80C, 80D, 80E etc.) (Except for Section 80CCD (2))

The list of common deductions allowed for the New Tax Act

  •       Transport costs for people with special disabilities
  •       Transportation allowance for travel expenses.
  •       Investing in Section 80 CCD (2) Pension Information System
  •       Deductions for the recruitment of new employees under Section 80JJAA
  •       Depreciation s / s 32 of the Income Tax Act without further depreciation.
  •       Any travel allowances for work or transfer.

Major Amendments to Completion of ITR 1 of AY 2021-2022

The following changes are included in the ITR Form:

  •       A taxpayer will not be able to file an ITR 1 Form if the TDS is deducted under Section 194N. According to this, the tax will be deducted from the source if the tax returns do not exceed Rs.20 lakh. In some cases, tax will be deducted if the withdrawal exceeds Rs.10 Lakhs in the financial year.
  •       There is no option provided to promote TDS under Section 194N. TDS credit under section 194N. TDS credit under section 194N should only be approved in the year in which TDS was held.
  •       Individuals or HUFs have the option of selecting old or new tax systems. If a taxpayer chooses a new tax plan under Section 115 BAC, you need to file form 101E before submitting Income Tax Returns under Section 139 (1).
  •       ITR forms for the 2020-2021 testing year are amended by introducing a new DI schedule. It has allowed taxpayers to receive deductions made during the extended period of AY 2020-2021. DI Schedule removed from AY 2021-22.

Frequently Asked Questions

ITR 1 can only be used by single Indian citizens for tax purposes only. Also, all taxpayers with only one income under any of the three main sources of income including Income, and Revenue from other sources are eligible to file an ITR 1 file.

ITR 1 can be Filed through Online.

Yes, it is necessary to deposit interest rates from other sources even if the tax is deducted by the bank.

ITR 1 returns can be submitted online by transferring data electronically and then sending the return confirmation in Form ITR V to CPC Bengaluru. By making a return complete online and verifying ITR V via net banking / Aadhar OTP / EVC. If ITR 1 is sent electronically the approval will be sent to the subscribers via email. Also, it can be downloaded from the Income Tax website and signed up and sent to the CPC office of the tax office in Bangalore within 120 days of email submission.

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