ITR-1 (SAHAJ) Form for Salaried Individuals
What is ITR-1?
ITR-1 (SAHAJ) is the simplest one-page Income Tax Return Form for individuals having income from Salary / Pension, One House Property, and Interest. It is the basic ITR Form.
Who can file ITR-1?
Any individual can file ITR-1 for an assessment year if his/her total income does not exceed Rs. 50 lakh and includes:
- Salary / Pension Income.
- Income from one House Property (If there is a brought forward loss from previous years, ITR-1 cannot be filed).
- Income from Other Sources (excluding winning from lottery and Income from race horses).
In case the income of a spouse or minor child is clubbed with assessee’s income then ITR-1 can be filed only if their clubbed incomes include above categories.
Who can not file ITR-1?
ITR-1 should not be used by Non-Resident of India (NRI) and the individuals whose total income for an assessment year includes:
- Income from multiple House Property
- Income from winnings from lottery or income from race horses
- Capital Gains Income (short term and long term Capital Gains from the sale of house, plot, shares etc.)
- Agricultural Income exceeding Rs. 5000/-
- Income from Business and Profession
- Resident individual having
- Any asset (including financial interest in an entity) located outside India or
- Signing authority in any account located outside India
- Individual claiming relief of Foreign Tax paid or Double Taxation Relief under section 90/90A/91
List of Documents required to file ITR-1
Before you start working on your ITR-1, you should have the following documents handy:
Essential documents:
- PAN (Permanent Account Number)
- Aadhaar Number
- Bank account details
- TDS certificates
- Counterfoils of taxes paid
- Details of original return if filing revised return
- Details of notice if filing in response to a notice
Additional Documents:
- Salary Income
- Form-16 or Salary slips received from your employer and
- Pension statement/passbook.
- House/Property Income
- Address of the property,
- Coowner details in case the property is coowned,
- In case of house/property loan Interest certificates/repayment certificate from a bank,
- In case of let out property Rent agreement
- Other sources
- Savings/current account statements/Passbook
- Interest certificates for deposits/bonds/NSC
- PPF account statement/Passbook
- Dividend warrants/counterfoils
- Rent agreement in case of let out machinery
- Details about receipts of any other incomes
FAQs:
1. Can Non-Resident of India (NRI) file ITR-1?
No. Non-Resident of India (NRI) can not file ITR-1. NRI can file any other ITR form depending upon the source of income earned by them in India. ITR-1 can only be filed by an Ordinary Resident of India.
2. Do I need to submit supporting documents along with ITR-1?
ITR-1 is an annexure less form. Hence no need to send any supporting documents to the IT Department.
3. Can I file ITR-1 if I have multiple Form-16?
Yes. You can file ITR-1 with multiple Form-16. Any resident individual who has earned income from salary during the financial year can file ITR-1. Change in employment does not affect the ITR form type.
4. Is it mandatory to provide bank account details in Income Tax Return?
Yes. IT Department has made it mandatory to provide active bank account details. You are also required to designate one account as your primary account. That’s because if you are eligible for a refund then the Income Tax Department will directly issue the refund to your Bank Account vis ECS.
5. Can I file a return after the Due Date?
Yes. You can file a ‘Belated Return’ after the due date. You can file a belated return before the end of Assessment year or before the completion of Assessment, whichever is earlier. Late filing fees as per section 234F will also be levied.
6. Can I file exempt income in ITR-1?
Yes, you can file exempt income in ITR-1. However, if agriculture income exceeds Rs. 5000 then you will have to file ITR-2 and not ITR-1.