ITR Form 1 (Sahaj) - Income Tax Return for Salaried Individuals
आईटीआर फॉर्म 1 (सहज)
ITR-1 (Sahaj) is the simplest income tax return form for individuals with income from salary, one house property, and other sources like interest. It must be filed by March 31 each financial year for the previous financial year's income through the e-filing portal or via authorized intermediaries.
Key facts
- Applicable to individuals with gross total income up to Rs. 50 lakhs (non-business income only)
- Requires no separate disclosure for schedule if income is from salary, house property rent, or interest
- Must be filed by March 31 following the financial year to avoid penalties and prosecution
- Filing can be done online via e-filing.incometax.gov.in using DSC or bank account verification
- Failure to file despite income above exemption limit attracts penalty up to Rs. 5,000
Details
ITR-1 (Sahaj) is the most commonly used income tax return form in India, designed for individual taxpayers with straightforward income sources. It is applicable to individuals whose total gross income does not exceed Rs. 50 lakhs and does not include business or professional income. The form requires disclosure of income from salary, one house property (owned or self-occupied), interest income, and other specified sources. Filing must be completed by March 31 using the income tax department's e-filing portal at e-filing.incometax.gov.in. Assesses can file using their PAN and password, Digital Signature Certificate (DSC), or bank account for verification. The form requires Schedule 80G (for charitable donations), Schedule 80E (for interest on education loan), and Schedule 80D (for health insurance). Non-filing within the deadline results in penalties up to Rs. 5,000 and may invite a compulsory notice from income tax authorities. It is important to gather documents like Form 16 from employer, bank statements, and property documents before filing.