ITR-1 Form Filing in Bangalore | Expert Help for Simple Returns

Income TAX Filing (ITR1)

Who needs to file itr1?

For resident individuals (excluding Not Ordinarily Residents) with total income up to ₹50 lakhs, including salary, one house property, other sources (interest, etc.), and agricultural income up to ₹5,000, except company directors or unlisted equity investors.

Easily file your ITR-1 (Sahaj) return with a streamlined process designed for salaried individuals, pensioners, and other eligible taxpayers.

Sahaj ITR Filing

Ensure accurate tax filing with a simplified approach to ITR-1 compliance, avoiding penalties, late fees, and unnecessary legal complications.

Simplified Tax Compliance

Optimize your tax savings with smart planning while ensuring a smooth, hassle-free ITR-1 filing experience with expert guidance and support.

Efficient Tax Planning

Tax Return

What is ITR?

An Income Tax Return (ITR) is a document taxpayers use to report their income and tax liability to the income tax department. It acts as a formal declaration of financial details, ensuring transparency and compliance with tax laws.

There are seven ITR forms: ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, and ITR-7. Taxpayers must file their ITR before the due date. The applicable form depends on factors like income sources, earnings, and taxpayer category, including individuals, HUFs (Hindu Undivided Families), and companies.

What is ITR 1 Sahaj Form?

The ITR-1 Sahaj Form, as its name implies, serves as a simplified means for individual taxpayers to file their income tax returns. This form is specifically tailored for resident individuals in India whose total income falls below the Rs. 50 Lakhs threshold and originates from the following sources:

Income from Salary or Pension

Salary and pension received by an individual are taxable under the Income Tax Act. Deductions such as Standard Deduction and HRA can help reduce taxable income.

Income from Other Sources

Earnings such as interest on savings, fixed deposits, and gifts are taxed under this head. Certain exemptions apply based on the nature of income.

Income from a Single House Property

Rental income from a single owned house or deemed rent is taxed under this category. Home loan interest can be claimed as a deduction under Section 24(b).

Income from Capital Gains

Profit from the sale of assets like property, stocks, or mutual funds is taxable. Capital gains can be classified as short-term or long-term, with different tax rates.

Profit Growth

Who Can File ITR1

ITR-1 applies to resident individuals who meet the following criteria:
Note: Filing an Income Tax Return (ITR) is mandatory if your total income exceeds the basic exemption limit before deductions under Sections 80C to 80U, as per Section 139 of the Income Tax Act. Even if your income is below the exemption limit, filing is required if you meet criteria such as high deposits, significant expenses, or substantial business/professional income. Ensure to file before December 31, 2024, to avoid penalties and notices from the Income Tax Department.

Income Eligibility for ITR-1

Income Threshold: The total income for the financial year must not exceed ₹50 lakh.
Eligible Income Sources: ITR-1 applies to individuals earning from:
- Salary
- Single-house property
- Family pension
- Agricultural income (up to ₹5,000)
- Other sources, including:

Other Sources of Income

Interest from savings accounts
Interest from deposits (Bank/Post Office/Cooperative Society)
Interest from income tax refunds
Interest from enhanced compensation
Any other interest income
Family pension
Clubbing of Income:
Income can be combined with a spouse’s or minor’s income only if it falls within the specified limits.

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Who Cannot File ITR1

The following individuals cannot file ITR-1:

RNOR & NRI individuals

Income above ₹50 lakh

Agricultural income ₹5,000

Lottery & gambling income

Taxable capital gains

Unlisted equity investments

Business or professional income

Company directors

Section 194N deduction

ESOP deferred tax

Structure of ITR Form 1 A Comprehensive Overview

Although ITR-1 may appear simple, it requires careful attention while filing. The ITR Sahaj form is structured into five parts and two schedules for clarity. These sections include:

Part A: General Information

Personal Details: Name, PAN, age, gender, and date of birth.
Assessment Information: Ward and assessing officer details (if known).
Contact Information: Communication address, phone number, city, and state.
Filing Details: Filing date and Aadhaar information.

Part B: Gross Total Income

Details of gross total income, including earnings from salary, house property, and other sources.

Part C: Deductions and Total Taxable Income

Information on deductions under Sections 80C, 80D, 80U, and 80G.

Part D: Computation of Tax Payable

Tax Details: Includes tax computation, status, rebates, post-rebate taxes, and TDS claims.
Bank Information (D20): Covers account number, bank name, IFSC code, account type, and an option to specify the refund account if applicable.

Part E: Other Information

Additional Information: Includes details required by tax authorities.
Schedules Included:
- Schedule IT
- Schedule TDS & TCS
Final Step: Verification of the provided information.

Income from Salary & Pension

Income Tax Filing is mandatory if Tax payers have only salary or pension Income that is More than the Basic exemption Limit specified Under section 139 of the Income tax Law.

Basic Plan

₹499 to ₹999

Ideal for: Salaried individuals, pensioners, or those with very simple returns.

Includes:

Filing by a professional CA
Salary or pension income
Basic deductions (80C, 80D, etc.)
Bank interest income
Form 16 support

Add-ons:

Capital gains, rental and business income
No personal tax planning or optimization

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Standard Plan

₹1,499 to ₹2,499

Ideal for: Individuals with multiple income sources or capital gains.

Includes:

Everything in Basic Plan
Capital gains (Equity, Mutual Funds, Property)
Rental income / multiple properties
Freelancing or consultancy income (non-audit)
Tax planning report with
recommendations
Advance tax computation if applicable

Add-ons:

Email + limited CA phone support

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Premium Plan

₹3,999 to ₹7,499

Ideal for: Business owners, NRIs, HNIs, audit-required taxpayers

Includes:

ITR-2 / ITR-3 Filing with Detailed Computation
Everything in Standard Plan
Business/professional income (audit/non-audit)
Foreign income, NRI tax filing, DTAA
Books of accounts review
Audit report filing (ITR-3, 5, 6, or 7 as applicable)
Response to income tax notices (limited scope)
Year-round tax support
Priority Support

Add-ons:

Priority WhatsApp, email, and direct CA consultation

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Required Papers

Documents Required for Filing ITR 1

ITR Sahaj forms do not require attachments, but taxpayers must keep the following documents for reference and possible verification:

Form 16 – Issued by employers for the relevant financial year.
Form 26AS – Ensure TDS details in Form 16 match Part A of Form 26AS.
Receipts – Proof for exemptions/deductions (e.g., HRA, Section 80C/80D) if not submitted to the employer.
PAN Card – Essential for taxpayer identification.
Bank Investment Certificates – Details of interest from bank accounts, passbooks, or fixed deposits.

Required Details in ITR1 Form

The ITR-1 form includes multiple sections, each requiring specific details for accurate filing.

Part A

This section captures personal details like PAN, age, gender, and address.

Part B

Details of gross income, including salary, property, and other sources.

Part C

Deductions under Sections 80C, 80D, 80U, and 80G.

Part D

Tax calculation, status, rebates, TDS claims, and bank details.

main principles

Rates of surcharge – For Assessment Year 2023-24 under alternate tax regime

The rate of surcharge in case of the Proprietor opting for an alternate tax regime as per section 115BAC will be 25% instead of 37% for AY 2023-24

Types of Income Excluded from ITR-1 Form

The ITR-1 form does not cover:

Business or Professional Income
Multiple House Property Income
Capital Gains (Short-term or Long-term)
Specific Other Sources:
- Racehorse income
- Lottery winnings
- Income under Sections 115BBDA, 115BBE
- Income distributed under Section 5A

Penalty for late ITR 1 Filing

Late filing of income tax returns can lead to penalties based on total income. Individuals earning above ₹5 lakh may incur a ₹5,000 penalty, while those below this limit face a ₹1,000 penalty. Additionally, unpaid taxes attract an interest of 1% per month until the return is filed. Underreporting income can result in a penalty of up to 50%, while misreporting may lead to a penalty of up to 200%. Persistent failure to file returns, despite notices, can result in prosecution, with imprisonment ranging from three months to seven years. Filing ITR-1 on time ensures compliance and avoids legal or financial consequences.

How can Rule Infinity help in ITR-1 (Sahaj)?

Rule Infinity simplifies the ITR-1 (Sahaj) filing process with expert assistance. We help you choose the right form based on your income sources, ensuring accurate and hassle-free filing. Our team calculates your tax liability, conducts error checks, and prioritizes timely submission to prevent penalties or notices. If eligible, we facilitate swift processing of your tax refund.

With expert guidance, we address all your tax-related queries and keep you informed about law changes and deadlines. Our secure platform ensures the safety of your financial data while making tax filing effortless. Get started today for a seamless ITR-1 filing experience!

ITR-1 Return Filing FAQ's

What is ITR-1 Sahaj?

ITR-1 Sahaj is an income tax return form designed for individual taxpayers in India with a total income of up to Rs. 50 lakhs. It simplifies the process of filing income tax returns.

Who can file ITR Sahaj

Resident individuals in India whose income is below Rs. Fifty lakhs are earned from sources like Salary, Single House Property, or Other Sources, which can file ITR Sahaj.

Can ITR-1 be filed by Non-Resident Indians (NRIs)?

No, ITR-1 is specifically for resident individuals. NRIs have their own designated forms for tax filing.

What is the due date for filing ITR Sahaj?

The due date for filing ITR-1 Sahaj is typically July 31st of each assessment year. However, this date may vary, so checking for the latest deadline is essential.

Are there any penalties for late ITR 1 filing?

Yes, late ITR 1 filing can result in penalties ranging from Rs. 1,000 to Rs. 5,000, depending on your total income. Additional interest may also be charged on outstanding tax liabilities.

Is ITR 1 an annexure less form?

The ITR 1 form is an annexure-less return; there is no need to attach any documents such as Form 16 or Form 26 AS with the ITR 1 form.

Can I claim deductions in ITR-1 Sahaj?

Deductions under sections like 80C, 80D, 80U, and 80G can be claimed in ITR-1 Sahaj, subject to eligibility criteria.

Can I file ITR-1 Sahaj if I have more than one house property?

If you have income from multiple house properties, you cannot file ITR-1 Sahaj. You must choose a different ITR form.

Is it mandatory to e-file ITR-1 Sahaj, or can I file it physically?

E-filing is mandatory for individuals with income exceeding Rs. 5 lakhs. However, it is recommended for all as it streamlines the process and speeds up processing.

Can I file ITR-1 if I have taxable capital gains?

No, ITR-1 Sahaj cannot be used if you have taxable capital gains, whether short-term or long-term.

What happens if I do not file my ITR-1 Sahaj on time?

Filing late may result in penalties, interest on tax dues, and loss of certain deductions and exemptions. In severe cases, it may lead to prosecution.