ITR-1 (Sahaj) Filing
Quick Answer
ITR-1 (Sahaj) Filing India is the simplest income tax return form for resident individuals with income up to ₹50 lakh from salary, pension, one house property, and interest. This tax filing option is designed for salaried employees and pensioners who do not have business income or capital gains.
ITR-1 (Sahaj) Filing — detailed explanation below
Governing Act — ITR-1 (Sahaj) Filing India
ITR-1 (Sahaj) is prescribed under the Income Tax Act, 1961, specifically under Section 139(1) which mandates filing of return of income. The form is notified by the Central Board of Direct Taxes (CBDT) and is applicable for Assessment Year 2024-25 and onwards. No reported decision was found on this point.
Government Department & Website for ITR-1 (Sahaj) Filing India
The Income Tax Department, under the Ministry of Finance, Government of India, administers ITR-1 filing. The official portal for e-filing is www.incometax.gov.in. All tax filing, including ITR-1, must be submitted through this portal or through a registered intermediary.
ITR-1 (Sahaj) Filing India Application Process
The process for ITR-1 (Sahaj) Filing India involves the following steps:
- Gather documents: Form 16, bank statements, interest certificates, and proof of tax-saving investments.
- Login to e-filing portal: Use your PAN and password.
- Select ITR-1: Choose the appropriate assessment year.
- Fill income details: Enter salary, pension, house property income, and interest income.
- Claim deductions: Under Chapter VI-A (80C, 80D, etc.) and Section 24(b) for home loan interest.
- Verify and submit: Use Aadhaar OTP, net banking, or send signed ITR-V to CPC Bengaluru.
Key Forms Required for ITR-1 (Sahaj) Filing India
The primary form is ITR-1 (Sahaj) itself. Supporting documents include:
- Form 16 from employer
- Form 16A for TDS on interest
- Form 26AS for tax credit
- Bank statements for interest income
- Home loan certificate for interest deduction under Section 24(b)
- Investment proofs for deductions under Chapter VI-A
Eligibility Criteria for ITR-1 (Sahaj) Filing India
ITR-1 (Sahaj) Filing India is for resident individuals (other than not ordinarily resident) with total income up to ₹50 lakh. Eligible income sources:
- Salary or pension
- Income from one house property (excluding brought forward losses)
- Income from other sources (interest, family pension, etc.)
- Agricultural income up to ₹5,000
Not eligible if you have:
- Business or professional income
- Capital gains
- Income from more than one house property
- Foreign assets or income
Timeline for ITR-1 (Sahaj) Filing India
The due date for filing ITR-1 (Sahaj) is 31st July of the assessment year (e.g., for FY 2023-24, due date is 31 July 2024). For belated returns, you can file by 31st December of the assessment year with a late fee. No specific timeline for processing is provided here as it varies.
Fees for ITR-1 (Sahaj) Filing India
The government-prescribed fees for ITR-1 filing are as follows:
| Fee Type | Amount (₹) |
|---|---|
| Late filing fee (if filed after due date) | Up to ₹5,000 (₹1,000 if total income ≤ ₹5 lakh) |
| Fee for revised return | Nil (if filed before due date) |
| Processing fee | Nil |
Note: Professional fees for assistance are not included here.
Frequently Asked Questions
Who can file ITR-1 (Sahaj) Filing India?
ITR-1 (Sahaj) can be filed by resident individuals with income up to ₹50 lakh from salary, pension, one house property, and interest. It is not for those with business income, capital gains, or foreign assets.
What is the due date for ITR-1 (Sahaj) Filing India?
The due date for filing ITR-1 is 31st July of the assessment year. For example, for FY 2023-24, the due date is 31 July 2024. A belated return can be filed by 31st December with a late fee.
Can I file ITR-1 (Sahaj) if I have income from multiple house properties?
No, ITR-1 is only for individuals with income from one house property. If you have more than one house property, you must file ITR-2.
What documents are needed for ITR-1 (Sahaj) Filing India?
You need Form 16, Form 26AS, bank statements, interest certificates, and proofs of tax-saving investments like 80C, 80D, and home loan interest certificate.
Is ITR-1 (Sahaj) Filing India mandatory for salaried employees?
Yes, if your total income exceeds the basic exemption limit (₹2.5 lakh for individuals below 60 years), you must file ITR-1. Even if income is below the limit, filing may be beneficial for claiming refunds or loan applications.
Can I revise my ITR-1 (Sahaj) after filing?
Yes, you can file a revised return under Section 139(5) before the end of the assessment year or before the completion of assessment, whichever is earlier.
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