ITR 1 (SAHAJ) Form for Income Tax Return Filing

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ITR 1 (SAHAJ) Form

Filing income tax returns is a vital responsibility for every Indian taxpayer. However, selecting the appropriate ITR form can often be confusing. To make the right choice, taxpayers must first determine their residential status in India—whether they are a resident, non-resident, or resident but not ordinarily resident.

One of the simplest forms available for individual taxpayers is ITR–1, also known as “SAHAJ“, introduced by the Income Tax Department for easy and efficient filing.

Choosing the correct ITR form is essential to stay compliant with tax laws and protect your financial interests. To gain a clear understanding of ITR-1 and ensure accurate filing, consider using trusted online tax return filing platforms like Taxfincom

What is ITR1?

ITR-1, also known as “Sahaj”—which means ‘easy’ in Hindi—is a simplified income tax return form used by individual taxpayers to report their income and tax details to the Income Tax Department. Designed for convenience, this form is primarily intended for salaried individuals and pensioners who meet specific eligibility criteria. It offers a straightforward way to file income tax returns, making the process easier for those with simpler income structures.

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Who is Eligible for filing ITR-1?

We will provide you with a general understanding of who is typically eligible to file ITR 1 form in India. The ITR-1 form in India is primarily meant for the salaried individuals. Here are the key eligibility criteria for filing ITR-1. It can be filed by the Resident Individuals whose total income during financial year includes the following:

Income from Salary or Pension

Income that has been received as salary or pension.
Your total income should not be more than Rs. 50 lakhs.

Income from One House Property

All corporate bodies, such as LLPs, private limited companies, and conventional partnerships, should file their ITRs online yearly, irrespective of profit or loss.

Income from Other Resources

All corporate bodies, such as LLPs, private limited companies, and conventional partnerships, should file their ITRs online yearly, irrespective of profit or loss.

Agricultural Income

All corporate bodies, such as LLPs, private limited companies, and conventional partnerships, should file their ITRs online yearly, irrespective of profit or loss.

Who is Not Eligible to File ITR-1?

You are not eligible to file ITR-1, if, in case you

Are a RNOR i.e. Resident Not Ordinarily Resident and NRI i.e. Non- Resident Indian

Have total income exceeding Rs. 50 lakhs

Have agricultural income more than Rs. 5000/-

Have deferred Income Tax on ESOP that has been received by the employer being an eligible start – up

Have income from lottery, horse race, legal gambling etc

Have taxable long term & short term capital gains

Have invested in unlisted equity shares

Have income from business or profession

Have foreign assets or income

Are the Director in a company

Have tax deduction under section 194N of Income Tax Act

Have deferred Income Tax on ESOP that has been received by the employer being an eligible start – up

Own & have income from more than one house property

Are not covered under the eligibility conditions for ITR 1

Income Tax Return Due Date

The Income Tax Return last date for filing ITR 1 is typically the same as for other forms, providing protection from penalties for late filing Usually the last date of filing ITR 1 will be 31st July until there are any changes made by the government

Essential Documents Required for Filing ITR-1

PAN Card of the Taxpayer
Aadhaar Card
Form 16 that includes details of salary income and TDS
Form 26AS for verification of TDS
Receipts of exemptions and deductions
Bank Statements/ Passbooks
Proof of Investments
Rental Income Details

Penalties for Non-Filing of ITR-1

Failing to file your ITR on time or submitting incorrect information can result in substantial penalties, as outlined below:

1. Late Filing Penalty – Section 234F

If the ITR is filed after the due date but before 31st December, a penalty of ₹5,000 may be imposed.
If filed after 31st December, the penalty increases to ₹10,000.
However, for taxpayers with a total income below ₹5 lakhs, the maximum penalty is limited to ₹1,000.

2. Interest on Outstanding Tax

An interest of 1% per month may be levied on any unpaid tax amount under Sections 234A, 234B, and 234C for delays in payment.

3. Prosecution

In extreme cases, failure to file income tax returns can result in prosecution under the Income Tax Act, leading to legal proceedings and possible imprisonment.

Final Thoughts

Filing income tax returns is a key responsibility for every individual taxpayer in India. For salaried employees and pensioners, ITR-1 offers a simple and efficient way to fulfill this obligation. Beyond legal compliance, filing your ITR ensures benefits such as tax refunds, income proof, and a strong financial record.

By meeting the eligibility requirements and following the proper steps, you can file your return accurately and on time. Remember, timely compliance not only helps avoid penalties but also contributes to nation-building while safeguarding your financial well-being.

With our Taxation services, you gain peace of mind and the confidence to make informed decisions. Let us handle the numbers while you focus on achieving your goals.