In India, the Income Tax Department has made mandatory to file income tax return for individuals who have an income above ₹2.5 lakhs. For this, the ITD has categorized the different income slabs for salaried, self-employed and senior citizens based on their income. The ITR-1 Form or Sahaj Form is for those individuals who have income up to ₹50 lakhs. In this article, we will discuss about ITR-1 Form is detail.
What is ITR-1 Sahaj Form?
ITR Form 1 or Sahaj Form is available for individuals whose total income does not exceed ₹50 lakhs during the particular financial year. This form is primarily used by salaried individuals to file their income tax returns.
Components of ITR-1 Form
ITR-1 Form consists of following parts-
Part A– General Information
Part B– Gross Total Income
Part C– Deductions and Taxable Total Income
Part D– Computation of Tax Payable
Part E– Other details such as- TDS, Advance or Self-Assessment Tax and Verification
Eligibility Criteria to File ITR-1 Form for AY 2022-23
ITR-1 Sahaj Form can be used by resident individuals who fulfill the below eligibility criteria-
- Have a total income up to ₹50 lakhs during the particular financial year
- Earning from Salary, Pension, House Property, Other Sources excluding Lottery, income from horse race
- Income of spouse or minor is clubbed in case the source of income is within the specified limits mentioned above
Who Cannot File ITR-1 Form for AY 2022-23?
The ITR-1 Sahaj Form cannot be filed by following individuals-
- Having a total income of more than ₹50 lakhs
- Director of a company who has held any unlisted shares during the financial year
- Resident Not Ordinarily Resident (RNOR) and Non-Resident Indian (NRI)
- Any agricultural income earned more than ₹5000
- Income from lottery, legal gambling, horse race and so on
- Taxable capital gains (Short Term & Long Term)
- Income from business/profession
- Individuals availing a tax deduction under section 194N of the Income Tax Act
- Individuals who received a deferred income tax on ESOP from an eligible start-up
- Indian residents who have a signing authority in any account or assets outside India
- Individuals claiming double taxation relief or relief of foreign tax paid
How to Download ITR-1 Form?
The Income Tax Department offers easy method for individuals to download ITR-1 Form. Follow the below mentioned steps to do so-
Step 1: Visit the Income Tax Department website at- https://www.incometax.gov.in/iec/foportal
Step 2: On the right-hand side, you will find ‘Downloads’ tab. Click it.
Step 3: Click ‘Income Tax Return’ available on the left hand side of the screen.
Step 4: Find ITR-1 and then click ‘ITR 1 Notified Form_AY 2022-23’
Step 5: Now you can download the ITR-1 Form in the PDF format.
Documents Required for ITR-1 Sahaj Form
Below given are the supported documents required to fill out the ITR-1 Form:
- Form 16
- Form 16A
- Form 26AS
- Bank Statement or Passbooks
- PAN Card
- Bank Investment Certificates
- Proof of tax exemptions or deductions
How to File ITR-1 Form?
ITR-1 Form can be filed through two different modes i.e. Online & Offline.
- You are required to transmit the data electronically first and then submit the return verification as ITR-V to CPC, Bengaluru
- You can file the return online and then opt for e-verification of ITR-V via net banking, EVC, or Aadhar OTP
- Next to ITR 1 filing online, you will receive the acknowledgement on your registered email address
In case you are not willing to file ITR-1 Form online, you can opt for offline method. For this, you need to use the Offline Utility for ITRs available at the official website of E-filing (Income Tax Department).
Major Changes in ITR-1 Form for AY 2022-23
- Pensioners must now select ‘Nature of employment’ (Central government, state government, PSU or others)
- Under schedule Salary, individuals can now disclose income from retirement benefit accounts maintained in a particular country and claim relief for any taxes paid.
ITR-1 Form: FAQs
The other name of ITR-1 Form is Sahaj Form.
Yes. You can file ITR-1 form only if your total agricultural income does not exceed ₹5000. In case the income exceeds, you need to file ITR-2 Form.
Yes. You can include the dividend income from mutual funds in ITR-1. This must be included in Part D under ‘Exempt Income (others)’.
No. You cannot file ITR-1 Form if your income exceeds ₹50 lakhs.