Eligibility and Non Eligibility to file ITR-1 Sahaj Form

Who all are required to file ITR-1 Sahaj Form?

The return form is used by the persons having total income up to Rs. 50 lacs who have income from the following heads.

Also, this form is used when the income of another person like minors or spouses is clubbed and the income belongs to the above three categories only.

Definition of Salary under Income Tax Act, 1961

Salary includes the following,

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Who all are not required to file ITR-1 Sahaj Form?

The ITR-1 Sahaj form should not be used by the following persons. Assessee who

Further, the ITR-1 Sahaj form cannot be used by the persons having income from the following sources.

Furthermore, this form is also not used by the persons who have any claims of loss, deductions, tax credit, relief of the following nature.

Manner of Filing ITR-1 Sahaj

ITR-1 Sahaj

Procedure to file ITR-1 online

The ITR-1 Sahaj form can be filed electronically as well as manually.

Electronically: It is filed electronically on the e-filing web portal of the Income Tax department and can be verified in the following ways.

Manually in paper form: Filing the return in paper form, at the designated offices of the Income Tax Department, along with duly signed ITR-V. The mode of furnishing return in paper form is available for only super senior citizens that is individuals above 80 years.

Important Changes in ITR-1 from AY 2021-22

Who all are required to file Income Tax Return?

Every individual whose total income before allowing any deduction to be made under Chapter VI-A or deductions for capital gains (Section 54 to Section 54GB), exceeds the maximum amount not chargeable to tax shall be required to furnish an income tax return.

Basic Exemption Limit for Individuals

Basic exemption limit is classified on the basis of age. Resident individuals below the age of 60 falls in the category of ‘Normal Persons”. While individuals having age more than 60 but less than 80 are called Senior citizens and in case an individual is over 80 years, he is a super senior citizen.

When Section 115 BAC is not opted by an individual.

When, Section 115 BAC is not opted, basic exemption limit is different for normal, senior and super senior citizens.

If New tax regime is opted under Section 115 BAC by an individual

Section 115BAC is an option given to the taxpayers to pay tax at a lower rate. Therefore, the basic exemption limit in such a case has been kept as 250,000 for all categories of taxpayers.

Age < 60 Age > 60 <80 Age >80
2,50,000
3,00,000
5,00,000
Age < 60 Age > 60 <80 Age >80
2,50,000
2,50,000
2,50,000

Exceptions to file ITR, even if basic exemption limit not exceeded

Although, the total income of a person does not exceed the limits specified above after allowing deductions under Chapter VI-A of the Income-tax Act or Deductions mentioned under Capital Gains. Still, he will be required to file Income Tax Return, if he fulfills any of the conditions provided below.