ITR-1 Form: How to File ITR-1 Sahaj Form?

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.

Online Method

• 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

Offline Method-

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