Create an account
Or Signup with your email
Salaried Individuals ??
ITR-1: ITR-1, also known as SAHAJ, is a simplified tax form designed for resident individuals whose total income doesn't exceed INR 50 lakh. This form is suitable for those who earn income from sources such as salary or pension, rent from a single-house property, and other sources like interest and dividends.
Simplified ITR Form for Salaried class taxpayers (ITR-1 Sahaj) – Now, the Govt. has notified simplified one-page form ‘ITR-1 Sahaj’ for individuals having income up to Rs. 50 lakh from salary, pension, one house property, and income from other sources.
ITR-1 Sahaj’ salaried ?
New ‘ITR-1 Sahaj’ has retained those deductions which are most frequently used by the taxpayers under Section 80C, 80D, 80G and 80TTA. If any taxpayer wants to claim deductions under any other provision of chapter VI-A he can specify the relevant Section in the column titled ‘Any other’.
Schedules of TDS and TCS have merged into one to make ITR-1 shorter and simpler.
New columns have been inserted to report dividend income and long-term capital gains exempt under Section 10(34) and Section 10(38), respectively. It is mandatory to e-file tax returns for those with long-term capital of Rs. 2.5 lakh or more, even though their taxable income may be below Rs. 2.5 lakh.
SERVICES INCLUDE
DOCUMENT REQUIRED
