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1. Who Can File (Eligibility)

You can use ITR-1 if you are a Resident Individual (not a company or HUF) and meet the following criteria:

• Income Limit: Total income does not exceed ₹50 lakh.

• Income Sources:

  • Salary or Pension.

  • One House Property (income or loss).

  • Other Sources: Interest from savings accounts, FDs, family pension, or dividends.

  • New Change: Long-Term Capital Gains (LTCG) under Section 112A (from listed shares/mutual funds) up to ₹1.25 lakh.

  • Agricultural Income: Up to ₹5,000.

2. Who Cannot File (Exclusions)

You cannot use ITR-1 if:

• You are a Non-Resident (NRI) or Resident Not Ordinarily Resident (RNOR).

• Your income exceeds ₹50 lakh.

• You have income from Business or Profession.

• You have Capital Gains (except the small LTCG mention above) or own Unlisted Equity Shares.

• You own more than one house property.

• You are a Director in a company.

• You have foreign assets or foreign-sourced income.

3. Key Documents Required

To file ITR-1 smoothly, keep these ready:

• Form 16: Issued by your employer (contains salary and TDS details).

• Form 26AS & AIS: To verify taxes deducted by banks or others.

• Bank Statements: For interest income details.

• Investment Proofs: For deductions under Section 80C (LIC, PPF), 80D (Mediclaim), Capital Gains, etc.

• Aadhaar & PAN: These must be linked.

  
  

  The ITR-1 (Sahaj) form is designed to be a simple, one-page summary (though the digital version expands based on your data). It is structured into seven distinct parts.

  Here is the flow of the form from top to bottom:

  Part A: General Information

  This section identifies you and the nature of your filing.

  • Personal Details: Name, PAN, Aadhaar Number, Address, and Contact info.

  • Filing Status: Whether you are filing before the deadline (Sec 139(1)), after the deadline (Belated), or as a Revised return.

  • Tax Regime Selection: A crucial toggle to choose between the New Tax Regime (default) or the Old Tax Regime.

  Part B: Gross Total Income

  This is where you input your earnings across three specific "heads":

  1. Income from Salary/Pension: Gross salary minus Exempt Allowances (like HRA/LTA in the Old Regime) and the Standard Deduction (₹75,000).

  2. Income from House Property: Rental income or interest on a housing loan (for one self-occupied property).

  3. Income from Other Sources: Interest from Bank/Post Office, Dividends, and Family Pension.

  Part C: Deductions and Taxable Total Income

  This section reduces your tax burden based on investments or expenses.

  • Chapter VI-A Deductions: Sections like 80C (LIC/PPF), 80D (Mediclaim), 80TTA (Savings interest), etc.

    • Note: Most of these are only applicable if you opt for the Old Tax Regime.

  • Total Income: Gross Total Income minus Deductions.

  Part D: Computation of Tax Payable

  The "math" section of the form.

  • Tax Calculation: Calculated based on the slabs of your chosen regime.

  • Rebate u/s 87A: Tax relief if your income is below the threshold (₹7 lakh in New Regime; ₹5 lakh in Old).

  • Health & Education Cess: A flat 4% added to your tax amount.

  Part E: Other Information (Bank Details)

  • You must list all savings and current bank accounts held in India.

  • You must nominate one account for your tax refund.

  Schedule IT, TCS, and TDS

  These are sub-tables that pull data from Form 26AS/AIS:

  • TDS/TCS: Taxes already deducted by your employer or bank.

  • Advance Tax / Self-Assessment Tax: Taxes you paid manually during the year.

  Verification

  The final step where you "sign" the document.

  • You declare that the information is true to the best of your knowledge.

  • You choose your verification method (usually e-Verify via Aadhaar OTP).