What is ITR 1(Sahaj)? How to Download and File ITR1 Form Online?

ITR 1 Sahaj Form – File ITR-1 Online

There was a time when filing taxes in India was considered cumbersome. This was before the entire process became online. In September 2004, it was announced that taxpayers could file their Income Tax Returns online. Tax filing in India has now become a quick process. You can file your tax in a matter of a few minutes. However, to ensure accuracy and that different income groups can file their income tax without confusion, the Government of India uses different ITR forms.

There are seven ITR forms in India - ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6, and ITR 7. Before you file your returns, you need to know which category of taxpayer/s you belong to. You will need to file the ITR accordingly. For instance, ITR -1 is for individuals who earn less than Rs. 50 lakhs as income, whereas ITR -3 is for individuals and Hindu Undivided Family earn as income from profits from a business or profession in a fiscal year. So if you are filing ITR for salary income, you would fill ITR-1 form.

ITR-1 is the most commonly used form in India. If you, too, file ITR 1 form, it is important to know ITR 1’s meaning, how to use it, and the eligibility to fill it.

What is the ITR 1 Form?

ITR - 1 Form is one of the forms you can use to file your Income Tax Returns in India. It is also known as Sahaj, which translates to easy. Filing this form is said to be relatively easy as it is adequately detailed to avoid any confusion for the taxpayer.

The form can be used only by individuals filing ITR for salary and ITR for government employees with a total income of up to but not exceeding Rs 50 lakh in a financial year. Moreover, the form can be used only by resident citizens of India.

This individual salaried ITR form can also be used to file tax on income earned from a one house property, interest from fixed or recurring deposits, savings bank interest, interest on income tax refund, and agricultural income up to Rs. 5,000.

What is the structure of the ITR 1 Form?

To know what ITR 1 means, it's important to be familiar with its structure. The ITR 1 Sahaj form is divided into the following parts:

This part includes details like:

• Permanent Account Number or PAN
• Name of the taxpayer
• Date of Birth as mentioned in the PAN Card
• Registered email ID
• Aadhaar number
• Mobile Number
• Address of the taxpayer
• Nature of Employment

Apart from personal details, you will also see a portion where it mentions under which section you are filing the ITR. You will find the below options:

1. tick ‘139(1)’ if filing is done voluntarily on or before the due date,
2. tick ‘139(4), If filed voluntarily after the due date,
3. tick ‘139(5)’ If you revise the return
4. If filed in pursuance of an order under section 119(2)(b) condoning the delay, tick ‘119(2)(b)’ Choose the section which applies to you.

If you are filing a revision of an old ITR form or filing in response to a notice under a particular section, you will need to mention the receipt number and the date of the original filing. You will also see a portion in the form asking if you are filing the ITR under the New or Old Tax Regime. You will need to tick the one applicable to you.

Point to note: You will not be able to claim certain tax deductions under Section 10, Under Section 16, Standard deductions, as well as those under Chapter VI A, including Section 80C, Section 80D, Section 80EE, Section 80G, etc. You will also need to check Yes/No for the following questions asked in the form. If the answer is yes, you will be required to provide correct and adequate details:

1. You must mention if you are filing a return of income under the Seventh proviso to section 139(1) but otherwise not required to furnish a return of income.
2. If you have deposited an amount or aggregate amount exceeding Rs 1 crore in one or more current accounts?
3. Have you spent an amount exceeding Rs 2 lakhs on foreign travel for yourself or anybody else?
4. If you have incurred Rs 1 lakh or more as electricity expense, in totality or as the aggregate of amounts.

Part B: Gross total income

This part includes the total income you have earned in a year. This part is divided into three sections:

Part B1: Income from Salary/pension:

1. Income details will include: To know your gross salary, you must mention the money you receive from your job. This is bifurcated as
   1. The salary you receive from your employer, as mentioned in Form 16
   2. Value of Perquisites as applicable and mentioned in Form 16
   3. Profits instead of salary, which will be mentioned in Part B of Form 16
2. Deduct the allowances as mentioned in Section 10. There will be a drop-down menu to choose from. Once you choose a particular allowance, mention the amount. Note: if you are filing ITR under the new tax regime, you cannot claim certain allowances.
3. The third portion of this part is the deductions under Section 16. If you have opted for the new tax regime under Section 115 BAC, you cannot claim these sections.

Finally, you will get your net salary after deducting allowances under Section 16 and Section 10 from the total salary

Part B2: Income from House Property: If you have earned rent from house property, it will be classified as income from house property

You will get the annual value of the house when you deduct the tax from the gross rent.

1. You will have to mention the type of house property. It can be the house as a whole or a part of it. Depending on the status, you must tick if the house or a part of it is self-occupied, Let Out or Deemed Let Out
2. The amount you receive or will receive as gross rent
3. Amount paid as property Tax.
4. From the annual values you calculate, you will have to mention 30% of them in the next section.
5. If you have purchased the property on loan, you will need to mention the interest payable in the financial year. Interest on a loan on the self-occupied property cannot be claimed under Section 115BAC.
6. Mention if any arrears are earned in the financial year. If yes, you must reduce the sum to 30% of the amount received.
7. After you input the details, you will earn the House Property income.

Part B3: Income from Other Sources: Any income received through the below investments is taxable:

1. Interest from Savings Account
2. Interest from Bank Deposits, Post Office Deposits, etc.
3. Interest received from Income Tax Refund
4. Family Pension
5. Dividend
6. Or any other income.

If you receive a family pension, deduct the admissible amount per Section 57 (iia).

Part B4: This part gives you the gross income earned in a financial year.

Part C: Taxable total income and deductions

Part C includes your income tax deductions under various sections. These include-

Part C1: Total Deductions will be the aggregate of the exemptions of various sections.
Part C2: Total Income will be the Gross Income less the total Deductions.

Following this is the list of exempt income, which you will need to choose from the drop-down menu.

Part D of the ITR-1 form consists of the tax calculations based on your total taxable income and deductions. This will include:

D1: Tax payable on total Income
D2: Any rebate under Section 87A
D3: Tax after rebate deduction (D1-D2)
D4: Health and education cess, which is 4% of D3
D5: Tax plus Cess (D3+D4)
D6: If you have received any arrears in salary, pension, etc., you will be asked to mention the amount here, provided Form 10E is submitted or as mentioned in Part B of Form 16
D7: Additional interest payable for delay in filing an income tax return under Section 234A
D8: Interest payable due to short payment of advance tax under Section 234B
D9: Interest payable to deferred payment advance tax under Section 234C
D10: Fees to be paid for delay in filing ITR under Section 234F
D11: Total of all the taxes + fees + interest
D12: Total Tax Paid
D13: If any additional amount is payable
D14: If any tax refund is to be credited.

strong>Part E: Other Information You will need to mention the details of all the current and savings accounts you hold. You must also mention the bank account where you would like your income tax refund to be credited. This account number should be as per the Core Banking Solution system.

The following schedules also form a part of Part E.

You will also need to include
Table A: details that are permitted 100% exemption without qualifying limit
Table B: details that are permitted 50% exemption qualifying limit
Table C: details that are permitted 100% exemption with qualifying limit
Table D: details that are permitted 50% exemption with qualifying limit

1. Schedule 80G: Details of donation done. You will need to mention:
   1. Name and address, and PAN of the institution that receives the donation
   2. Total Amount
   3. The amount eligible for a tax deduction
2. Schedule 80GGA: Details of donations for scientific research or rural development
   1. Name and address, and PAN of the institution that receives the donation
   2. Total Amount
   3. The amount eligible for a tax deduction
   4. The clause under which donation is claimed
3. Schedule 80D: Details of the health insurance premium paid for yourself, your spouse, parents, and children
4. Schedule IT: This section contains information on advance tax and self-assessment tax payments made by the taxpayer.
5. Schedule TDS1: This section contains details of the Tax Deducted at Source (TDS) and Tax Collected at Source (TCS).
6. Schedule TDS2: This section contains details of the Tax Deducted at Source (TDS) of income other than the salary, as per Form 16A.

Who is Eligible to File ITR-1 for AY 2024-25?

The following individuals are eligible for filing income tax returns in the ITR-1 Sahaj form for AY 2024-2025:

• Resident individuals with a taxable income of up to Rs 50 lakh in a financial year
• Individuals who have an income earned from salary, pension, or one house property not exceeding Rs 50 lakhs
• Individuals who have an agriculture income of up to Rs 5,000
• Individuals who have an income earned from other sources, such as interest from bank savings accounts, term deposits issued by banks, post offices, or cooperative societies, interest received on income tax refund, or family pension
• Individuals who are filing taxes on the income of their spouse or minor child as long as the income sources are the same as mentioned above.

Who cannot file ITR-1 for AY 2024-25?

It is important to note that the following individuals cannot use the ITR-1 Form:

• Non-Resident Indians (NRIs) and Residents Not Ordinarily Resident (RNOR)
• Individuals earning a total income of more than Rs 50 lakh
• Individuals earning income from agriculture of more than Rs 5,000
• Individuals earning income from business or profession
• Individuals earning income from lottery, horse races, legal gambling, etc.
• Individuals filing the tax should not be the director of a company
• Individuals earning income from the ownership of more than one house property
• Individuals earning income from short and long-term capital gains
• Individuals earning income from investment in unlisted equity shares
• Individuals using Section 194N of the Income Tax Act, 1961 for tax deductions
• Individuals earning income from a deferred income tax on employee stock ownership plan (ESOP) from the employer
• Individuals who are covered under the eligibility conditions for income tax form 1
• Individuals filing tax on the income of spouses are covered under the Portuguese Civil Code

How do I file my ITR-1?

Individuals can file the ITR 1 form in two ways - online and offline.

• Offline - The offline mode is right for taxpayers above 80 years of age or the ones with income less than Rs 5 lakhs. These individuals must not be claiming any refund. The authorities issue an acknowledgement on submission of the form.
• Online - A taxpayer can electronically furnish the information and submit the form to the concerned authorities for verification. The individual can file the return online and complete e-verification using Aadhaar, one-time password, electronic verification code (EVC), or net banking. The acknowledgement of income tax returns is available for download on the income tax website. It is also mailed to the taxpayer’s registered address.

The step-by-step process to submit the form online is as follows:

• Go to the official website of the Income Tax Department.
• New users must register on the website. Existing users must log in using their credentials.
• Navigate to the " e-file " drop-down menu and click “Income Tax Return.”
• Select the submission mode and assessment year.
• Click on “Start New Filing” to begin filing your ITR.
• Pick your applicable status - individual/HUF/government employee/others- and click Continue.
• To proceed further, click ITR - 1.
• Choose the reason for filing the return.
• The Income Tax Department will fetch the details available with them to give you a pre-filled return. Before you proceed further, validate the information entered in every section, including your details, total deductions, gross total income, taxes paid, and tax liability.
• Complete the form by entering the details not already filled in.
• Check and confirm your ITR-1 summary details.
• Pay the required tax.
• Preview and submit your salary return form or ITR-1 form.

Documents to be kept handy while filing ITR

You need the following documents to file the ITR-1 form:

• Form 16: This is issued by an employer and given to all employees at the end of the financial year. You can collect this from the company you work at.
• Form 16A: Form 16A contains details of tax deducted at source from non-salary earnings like interest income or pension earned from banks or other institutions. You can get Form 16A from the TRACES portal.
• Form 26AS: Form 26AS is a statement that contains information on tax deduction at source (TDS) or tax collected at source (TCS) from the different sources of income you may have had in a financial year. It also contains details of self-assessment tax, tax refund received, etc. You can get Form 26AS from the TRACES portal or your bank’s net banking portal.
• Investment proof receipts: A copy of the investment proofs you are claiming for tax deduction is required. This includes House Rent Allowance (HRA), life insurance premiums, national pension scheme contributions, public provident fund contributions, and other similar deductions covered under 80C, 80D Section, and others.
• PAN card
• Bank investment certificates, such as bank passbook, receipt of interest received from a bank account, fixed deposit (FD) certificate, recurring deposits (RD) certificate, etc.

Frequently Asked Questions

I’m filing ITR as an individual, and my annual income is over Rs 50 lakh. Which ITR form should I file this year?

The ITR form you use can depend on the source of your income. Here’s how you can choose the right form:

• Use ITR-2 if you are a salaried individual earning more than Rs 50 lakh a year.
• Use ITR-3 if you are earning an income from profit from a business or profession.
• Use ITR-4 (Sugam) if you are filing presumptive income under Section 44AD or 44AE.

Can I file ITR-1 with exempt agricultural income?

ITR-1 can be used for agricultural income under Rs 5,000. If your agricultural income is more than Rs 5,000, you can use ITR – 2.

How do you file ITR-1 when you earn Rental Income?

You can use ITR-1 only if your rental income comes from one house property. This applies to a self-occupied property and property let out on rent.

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