ITR-1 (Sahaj) – Complete Guide to Your Income Tax Return

What is ITR-1?

ITR-1, also known as the Sahaj Form, is a simple Income Tax Return form primarily used by salaried individuals, pensioners, and those earning from limited sources. It is designed for taxpayers with basic income sources and no complex financial transactions.

Who Can File ITR-1?

You can file ITR-1 if:

  • Your total income is ₹50 lakh or less.
  • Your income comes from:
    1. Salary / Pension
    2. One House Property
    3. Other Sources (like Savings Bank interest, FD interest, Dividends, etc.)
  • You are a Resident Individual in India.

Who Cannot File ITR-1?

You cannot file ITR-1 if:

  • Your income exceeds ₹50 lakh.
  • You own more than one house property.
  • You have capital gains income (from selling shares/property).
  • You have income from business or profession.
  • You have foreign assets or foreign income.
  • You have agricultural income above ₹5,000.

Due Date for Filing ITR-1

  • For individual taxpayers (non-audit cases):
    15th September of the Assessment Year.
    Example: For AY 2025-26, the last date is 15th Sep 2025.
  • For audit cases, different deadlines apply.

Benefits of Filing ITR-1

  • Legally declare your income and fulfill tax compliance.
  • Helps in loan approvals and visa applications.
  • Claim tax refunds if excess tax was paid.
  • Avoid penalties and legal issues.

Documents Required for ITR-1 Filing

  1. PAN Card
  2. Aadhaar Card
  3. Form 16 from employer
  4. Bank statements/passbook
  5. Interest certificates from banks/post office
  6. Investment proof for deductions (80C, 80D, etc.)
  7. Previous year’s ITR (if applicable)
  8. Details of any other income (FD, dividend, etc.)

ITR-1 Filing Process

  1. Collect all necessary documents.
  2. Calculate income from all sources.
  3. Compute tax and match with TDS.
  4. Login to the Income Tax e-filing portal.
  5. Fill ITR-1 form, verify details.
  6. E-verify the return (via OTP, Net Banking, Demat, etc.).

Why Choose Us for ITR-1 Filing?

  • ✔ 15+ years of experience in taxation
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  • ✔ Complete data confidentiality