ITR-1 Sahaj Form | Complete Guide to File Sahaj Form

Posted June 23, 2018 by allindiaitr01

ITR-1 Sahaj form is an income tax form for salaried individuals. This is how salaried individuals can use ITR-1 to e-file their ITR online

ITR-1 Sahaj Form - Eligibility, Form Structure and Essential Terms For Tax Filing
This page describes all the essentials you need to know about ITR-1 form including the details of eligibility, structure of the form, filing it and essential terms. It is the simplest form among all the income tax return forms. It applies to most of the salaried person except those who requires filing ITR-2 form.

Defining ITR-1 Form
ITR-1 form is also referred as “Sahaj” form, is designed for the salaried person to file income tax return with. Sahaj stands for “Easy” in Hindi and any salaried person including pensioners, family pension holder and person earn income by interest can use this form to file ITR. Usually, the deadline for filing income tax return with ITR-1 Form is 31st of July.

itr_1 sahaj Form
Eligibility to file income tax return with ITR-1 Form
For filing income tax return with ITR-1, taxpayers must have the followings included into their income:

Earning from Salary or pension
Earning from one House Property which must exclude the losses carry forwarded from last year.
Income from Other Sources excluding the earnings generated from lottery and horse race.
If you are looking to club your spouse or minor child’s income into it than such can be done only if their income is also limited to the above specifications.

New Income Tax Slab Rate for FY 2017-18 (AY 2018-19) Get Details

Ineligible to Use ITR-1 Form to File Income Tax Return
If any individual has income from any of the following sources, then they must not use the ITR-1 form to file income tax return:

Income from business and profession
Multiple house property income
Taxable short term and long term capital gains
Earnings from lottery, horserace or legal gambling etc.
Agricultural income over INR 5000
A Resident Individual who has
Assets including financial interest such as shares or bonds in any entity outside India.
Signing authority for any account located in abroad.
An individual who pays tax in the foreign country and claiming relief under DTAA under section 90 / 90A / 91.
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By All India ITr
Website ITR-1 Sahaj Form - Eligibility, Form Structure and Essential Terms For Tax Filing
Phone 9599389728
Business Address Gurgaon
Country India
Categories Business , Textile
Tags income Tax , ITR , ITR-1 , Income Tax Return , Taxpayer , filing online , incoem Tax Return online
Last Updated June 23, 2018