ITR 1 Form Filing Online
ITR 1 FORM [SAHAJ] FILINGS A.YR.2024-25
Pricing Plans for ITR-1
Having only Form 16 and no other Income ? Upload Form 16 Now!
Other ITR-1 Plans based on Income
Basics of Income Tax Return
Income Tax Return i.e. ITR has to be filed by any person having Gross Total Income more than Rs.250000 during any Financial Year. We can help to know how to file itr online. Contanct us for an itr file online.
For ITR filing, Gross Total Income has to be considered.
ITR 1 Eligibility and Applicability
There are certain eligible deductions under Chapter VI of the Income Tax Act such as deductions u/s 80C, 80D, 80E, 80G etc. which are reduced from the Gross Total Income to arrive at Net Income or Total Income.
Even if the Total Income is less than 2.5 lacs during the year, ITR filing is mandatory if the same is after deductions under Chapter VI of Income Tax.
For example, If the Gross Total Income of a person is Rs.3,50,000 and the eligible deductions under Chapter VIA are Rs. 100000, the net income of the person will be only Rs.250000. He will still be required to file the Income Tax return since his gross Total Income is more than Rs.250000.
See other sections to know more about ITR-1 applicability.
Introduction to ITR-1 -What is ITR-1 ?
Under Indian Income Tax laws, there are at present seven (7) ITRs prescribed for E-filing. The Income Tax Return filing is completely online and only E-filing of ITR is accepted now. There is no manual filing of ITR anymore.Click on the given chat button in the bottom right corner to fill out ITR 1 (Income Tax Return form) without any hassle.
Efile ITR1 Income Tax Return For AY 2024-25
The Seven ITR prescribed for E-filing are based on Income Source and total income. The basic ITR is ITR-1 which is also known as Sahaj due to its simplicity.
It is only 3 page ITR which is applicable for Resident Individuals (not being not-ordinarily residents) having total income upto Rs.50 lakhs only. The Income Source should be Salaries, one house property and other sources and also agriculture income upto Rs.5000 only. It is also not for any Individual who is a director in a company or is a shareholder of unlisted companies or where TDS has been deducted u/s 194N or if income tax is deferred under ESOP.
Who can file ITR 1 - ELIGIBILITY
Form ITR-1 (SAHAJ) has to be filed by individuals who have an income of less than Rs.50 lakhs from the following sources in a financial year:
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Salary/Pension
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One House Property
(does not include those cases in which house
property loss has been brought forward from
previous years):
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Other sources
(but does not include income earned from winning lottery or race horses)
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Agricultural Income upto Rs. 5000/- only
Who can not file ITR 1 - INELIGIBILITY
Form ITR-1 cannot be filed in the following cases:
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If Income exceeds Rs. 50 lacs
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If Agricultural income exceeds Rs. 5,000
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If there is any Capital Gain Income
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If there is income from business or profession
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If there is income from more than one house property
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If an individual is a Director of a company
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If there is any Investment in unlisted equity shares in form of Equity Shares
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If an individual owns assets or has financial interest outside India or is the signing authority of an account located outside India
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If an individual is a NRI or not ordinarily resident
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If TDS has been deducted u/s 194N
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If Income Tax is deducted under ESOP
DOCUMENTS REQUIRED FOR ITR-1 FILING
The present system of ITR filing in India is through online mode on the official website of Govt. of India i.e. www.incometax.gov.in. All the ITRs including ITR-1 is completely paperless and through e-filing mode only. There is no requirement of attachment of any sort and hence there are no documents required to be attached with the Return of Income. Hence ITR-1 is also paperless and attachment less.
However for preparing the ITR-1 for filing, certain documents are required through which the Income can be assessed and details for ITR filing can be prepared. The list of documents/Informations required for preparing ITR-1 is as under :
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Proof of any Income from other sources such as FDR Interest/ Post Office Interest
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Form 16A - if there is any TDS deducted from Income from other sources
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Tax-Savings Investment Proofs such as LIC, PPF, PF, ELSS, Tution Fees etc. u/s 80C
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Deductions under Section 80D to 80U, if any
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Home Loan statement from Bank/any other institution (if there is a home loan)
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Aadhar Number
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Pan Number
Modes of Filing ITR-1 online
ITR - 1 can be filed online at Income Tax Department online portal by directly filling in ITR-1 online form and uploading the same on the portal.
It can also be filed by uploading Json file on the portal.
After uploading the Json file the same needs to be e-verified. The verification mode can be either electronically or through sending the same by post to CPC, Bangluru.
There are two methods of verifying the ITR-1 filed online.
First is through E-verify which can be by Aadhar OTP, through Bank Account & Demant Account E-OTP.
Read More: How to e-verify ITR 1
The other method is physically signing the Acknowledgment generated after filing ITR-1 online and sending the same by Post to CPC-Bangluru within 30 days of filing.The time limit has been reduced from 120 days to 30 days only.
Senior Citizens above the age of 80 years are exempted from filing online ITR-1 i.e. they can file the same through paper mode at respective Income Tax Departments.
For others, the online filing is mandatory.
For downloading ITR 1 form, you can click on the button below
Old Tax Regime vs. New Tax Regime
(Applicability from Asst. Yr. 2024-25) onwards
The E-filing for the Asstt. Yr.2024-25 is starting soon. Let us understand the Old tax regime and new tax regime and what is the procedure to adopt the same.
Old Tax Regime :
For the Asstt. Yr.2024-25N, the default tax regime is New Tax regime. i.e. you will have to adopt and choose Old tax regime if you want to be taxed as per that regime.
Under the Old tax regime, all the deductions such as standard deductions, deductions from house property, and deductions under chapter VIA of the Income Tax Act such as 80C, 80D, 80E, 80G, etc. will be available. However no such deductions will be there under New Tax regme except for few.
The Tax slab under the Old tax regime will be as under :
Income Range
Tax Rate
Upto Rs. 2.5 lacs | Nil |
Rs. 2.5 lacs to 5 lacs | 5% |
Rs. 5 Lacs to 10 Lacs | 20% |
Above 10 Lacs | 30% |
Plus there will be surcharges etc. as per the Act.
New Tax Regime
From Asstt. Yr. 2024-25, there is a complete change in Tax Regimes. All taxpayers will be under New Tax Regime by default. i.e. they will have to choose old regime if they want to opt that. Otherwise by default, they will be under new tax regime and will file the ITR under that regime only.
Also there are many changes in the New Tax regime as compared to A.Yr. 2023.24. Under the New tax regime, the tax slabs and rate of tax are different. However, there are no deductions available such as HRA, deductions from House property such as interest on loans, deductions under chapter VIA etc.
i.e. tax will have to be paid on total income without deductions.
From Asstt. Yr. 2024-25, the Tax slab under the New tax regime is as under :
Above Rs. 15 lacs | 30% |
Rs. 12 lacs to Rs. 15 lacs | 20% |
Rs. 9 lacs to Rs. 12 lacs | 15% |
Rs. 6 lacs to Rs. 9 lacs | 10% |
Rs. 3 lacs to Rs. 9 lacs | 5% |
Upto Rs.3 lacs | Nil |
Plus there will be surcharges etc. as per the Act.
Which is Better: Old or New Tax Regime?
The decision to choose the old tax regime or the new tax regime depends on whether you have investments under Chapter VIA and other deductions such as house property interest etc. The same is also based on the fact as how much is your total income.
The calculations have to be done under both regimes and then it can be decided as to which scheme is better.
You can connect to our tax experts to help make this decision.
Which Regime is suitable for you?
For Salaried & other Income taxpayers, the option to choose old tax regime is available at the time of
filing of ITR and in the ITR form only the option can be exercised. The option can be changed year to year i.e. it can be switched from old to new and vice versa every year depending on the benefits.
However, in the case of taxpayers having a business income, the option has to be exercised before filing ITR through the separate filing of Form 10IE. The option once exercised can be changed once only. Also the option has to be exercised before the due date of filing of ITR otherwise the same will not be valid.
What is Form 10IE ?
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Is it mandatory to file form 10IE for salaried employees?
No. Form 10IE for Salaried Employees is not required to be filed. There is an option in ITR-1 to select
old tax regime
2. Is Form 10IE to be filed every year?
No. Form 10IE is to be filed for taxpayers having business income only and that too once when they choose to opt old tax regime from A.Yr. 2024.25 and then the option can be continued unless the same has to be withdrawn once only.
One important thing to note here is that the filing of Form 10IE should be done before the due date of filing
of Income tax return i.e. 31st July in case of non-audited cases and 31st Oct. in case of audited cases.
If the option is exercised after the original due date of filing of ITR, the same will not be granted and the tax will be levied under the new tax regime only.
Income Tax Return Form 1
Here we will discuss the details required to be filled in ITR-1 form.
PART-A - GENERAL INFORMATION
Part A of the ITR-1 contains some general information such as Name, PAN, Date of birth, Mobile No. , Email ID, Aadhar No., type of filing, nature of Employment, whether the filing id original or revised, whether the filing is u/s 139 i.e. on time or belated etc.
Also it asks whether you are opting for New Tax Regime u/s 115BAC. ITR 1 Nature of Employment is the most important here.
PART B - GROSS TOTAL INCOME
Part B consists of Income details in respect of Salaries, one house property and income from other sources. Only basic informations are required to be entered and no detailed information is needed.It does not ask for Employer details, details of House Property addresses etc.
Simply the Income details are to be added.
PART C - DEDUCTIONS AND TAXABLE TOTAL INCOME
Part C consists of all the deductions claimed from the Gross Total Income. Here also the amount of deductions such as 80C, 80D, 80G etc. has to be filled and no further details are asked.
Here Exempt Income (if any) has to be filled also.
PART D -COMPUTATION OF TAX PAYABLE
Here, the total tax payable and the Rebates and relief under 87A and 89 are to be filled. It also contains columns for Interest u/s 234A, B & C and also late fee payable u/s 234E. The total taxes paid coloumn is pre-filled and the net tax payable/refund is auto calculated.
PART - E OTHER INFORMATION
Under PART E, the details of all the bank accounts maintained by the taxpayer has to be provided (excluding the dormant accounts). Out of the all bank accounts, one bank account has to be nominated for Refund (if any).
SCHEDULE IT - DETAILS OF ADVANCE AND SELF ASSESSMENT TAX
In this Schedule the details of Tax challan paid by way of Advance Tax and Self Assessment Tax has to be filled up.
SCHEDULE TDS - DETAILS OF TDS/TCS AS PER FORM 26AS
Here, the complete details of TDS/TCS as per Form 26AS/27D has to be filled up.
VERIFICATION
The last part is verification which has to be done either through digital signature or other modes such as Aadhaar OTP etc. If no such modes are available, then the filed ITR has to be physically signed and send to CPC-Bangluru within 30 days of e-filing.
Know more about Salaries
Steps to File Nil ITR without Form 16
Filing a Nil Income Tax Return (ITR) without Form 16 is a simple process. Here are the steps:
Visit the Income Tax e-Filing Portal: Go to the official Income Tax Department's e-filing portal (https://www.incometax.gov.in/).
Login or Register: If you're a registered user, log in with your credentials. If not, you'll need to register and create an account.
Choose the Appropriate ITR Form: Select the relevant salaried employee ITR form for your income source. In most cases, individuals with only salary income can use ITR1 (Sahaj).
Fill in Personal Information: Enter your personal details such as name, PAN (Permanent Account Number), date of birth, and contact information.
Declare Nil Income: In the income details section, declare your income as zero or nil for the assessment year you're filing for. Ensure that you accurately report all income sources, including any exempt income if applicable.
Claim Deductions (if any): If you have eligible deductions under Section 80C, 80D, or other sections, you can claim them even if your income is nil.
Verify the Information: Carefully review all the information you've entered to ensure its accuracy.
Submit Your ITR: After confirming that you have no tax liability, submit your Nil ITR.
Choose Verification Method: Select your preferred method of verification. You can use Aadhaar OTP, net banking, or send a physical copy of the ITR-V to the Centralized Processing Center (CPC) in Bangalore for manual verification.
Acknowledgment Receipt: After successful submission, you'll receive an acknowledgment receipt (ITR-V). If you opted for physical verification, print and sign this receipt.
Complete Verification (if applicable): If you choose physical verification, sign the printed ITR-V and send it to the CPC within 120 days of e-filing. The address is mentioned on the ITR-V.
Confirmation: Once your ITR is successfully verified, you will receive an acknowledgment from the Income Tax Department. Your Nil ITR is now filed.
Filing a Nil ITR is essential even if you have no taxable income, as it helps maintain compliance with tax regulations and can be useful for various financial transactions and proof of income in the future.
Frequently asked questions
Which ITR is best for me?
Determining the best ITR (Income Tax Return) form for you depends on your specific financial situation. Here are some general guidelines:
ITR 1 (Sahaj): If you have income from salary, one house property, and other sources like interest income or agricultural income (up to Rs. 5,000), ITR1 is suitable for you.
ITR 2: If you have income from multiple sources, own multiple properties, or have capital gains, ITR 2 may be more appropriate. It's a comprehensive form for individuals and HUFs with more complex financial situations.
ITR 3: If you are a business owner, partner in a firm, or have income from a profession, ITR 3 is designed for you. It covers income from business or profession and other sources.
ITR 4 (Sugam): Small business owners, professionals, or freelancers with presumptive income can use ITR 4. It simplifies the taxation process for those eligible.
ITR 5: Partnerships and LLPs (Limited Liability Partnerships) should use ITR 5 to report their income and financial details.
ITR 6: Companies that are not claiming exemptions under Section 11 should file ITR 6.
ITR 7: This form is for entities such as trusts, political parties, and educational institutions that need to file income tax returns.
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What is Form 16?
Every Salaried Employee whose total income after all eligible deductions under income tax act exceeds the maximum amount not chargeable to tax is required to get their tax deducted from their employers as per their eligible tax slabs.
Thus the employer has to deduct tax at source from income of every employee whose total income is chargeable to tax and has to deposit the TDS so deducted into the Govt. Account.
Every Employer has to file TDS return of salary at the end of the Financial year and has to provide the Form 16 to every employee whose TDS has been deducted at Source.
What is ITR 1?
ITR 1, or Income Tax Return 1, is a tax return form in India used by individual taxpayers to report their income, including salary, and file their income tax returns with the Income Tax Department. It is commonly known as the Sahaj form and is applicable to salaried individuals with income up to a certain threshold.
How to Fill ITR Online?
To fill ITR online, follow these steps:
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Visit the official Income Tax Department website.
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Register or log in to your account.
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Select the appropriate ITR form (e.g., ITR 1).
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Fill in your income details, deductions, and other required information.
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Verify the data and submit your return.
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Generate and save the acknowledgment for future reference.
Still confused about how to file ITR 1 online? If you have not understood clearly about filing ITR 1 online then you can chat by clicking on the button in the bottom right.
How to Understand the Nature of Employment in ITR?
Understanding the nature of employment in ITR involves categorizing your source of income correctly. For salaried employees, this typically falls under the "Salary" head. Ensure you accurately report details about your employer, income earned, allowances, and deductions while filling out the ITR form.
Is Form 10IE Mandatory for Salaried Employees?
No, Form 10IE is not mandatory for all salaried employees but itr 1 for salaried employees is must. Form 10IE is used to choose old tax regime [from A.Yr.2024-25] but the same is mandatory for business income taxpayers only. For salaried, there is an option to switch the new and old tax regimes in ITR-1 itself and there is no need of filing Form 10IE seperately.