ITR-1 Return Filing

ITR-1 Filing with Easy My Tax

Filing your Income Tax Return (ITR) is essential for maintaining compliance and managing your financial health. The Income Tax Department offers various ITR forms, and ITR-1  is one of the most widely used forms for salaried individuals with simpler income sources.

At Easy My Tax, we provide a smooth, hassle-free solution for filing your ITR-1 in India. Our expert team guides you step-by-step, ensuring accurate filing and compliance without the stress.

What is ITR?

An Income Tax Return (ITR) is a document that taxpayers submit to the income tax department declaring their income and the tax paid or payable. It’s a key part of the tax system that helps ensure transparency and accountability.

There are several types of ITR forms — ITR-1 to ITR-7 — each suited to different types of taxpayers and income profiles. Selecting the right form depends on your income sources, total income, and residential status.

What is ITR-1  Form?

The ITR-1 form, commonly called Sahaj, is designed for resident individuals with a total income of up to ₹50 lakhs. It covers income from the following sources:

• Salary or pension
• Income from a single house property
• Other sources such as interest from savings accounts, fixed deposits, family pension, and agricultural income up to ₹5,000

This simplified form allows eligible taxpayers to file returns quickly and accurately.

Who Can File ITR-1?

You can file ITR-1 if you:

• Are a resident individual with total income up to ₹50 lakhs
• Have income from salary, one house property, family pension, and other allowed sources (like bank interest)
• Have agricultural income not exceeding ₹5,000
• Do not have income from business, capital gains, multiple house properties, or any other disallowed sources

Who Cannot File ITR-1?

You cannot use ITR-1 if you:

• Are a Non-Resident Indian (NRI) or Resident but Not Ordinarily Resident (RNOR)
• Have income above ₹50 lakhs
• Have income from business or profession
• Own more than one house property
• Have capital gains (short-term or long-term)
• Have income from lottery, racehorses, or other specified sources
• Are a company director or have certain types of ESOP income

Important Dates

The due date for filing ITR-1 is generally 31st July of the assessment year. Filing on time helps avoid penalties and legal complications.

Structure of ITR-1 Form

ITR-1 consists of several parts:

• Part A: Personal details like name, PAN, age, and address
• Part B: Details of gross total income
• Part C: Deductions under Sections 80C, 80D, 80U, etc.
• Part D: Tax computation, TDS details, and bank information
• Part E: Other relevant information as required

Documents Needed for Filing

While ITR-1 is an attachment-free form, keep these documents ready for your records:

• Form 16 from your employer(s)
• Form 26AS for tax deducted at source details
• Proof of deductions (like insurance receipts, investment proofs)
• PAN Card and Aadhaar details
• Bank statements or fixed deposit certificates for interest income

Penalties for Late Filing

• Income above ₹5 lakh: ₹5,000 penalty
• Income below ₹5 lakh: ₹1,000 penalty
• Interest at 1% per month on unpaid tax till filing
• Severe penalties and prosecution for underreporting or misreporting income

Avoid these by filing your return accurately and timely with Easy My Tax!

How Easy My Tax Can Help

At Easy My Tax, we simplify your ITR-1 filing with:

• Expert guidance to select the right form and fill it correctly
• Accurate tax calculation and error-free filing
• Timely submission to avoid penalties
• Assistance with refunds and notices
• Secure platform to protect your sensitive data
• Updates on latest tax laws and deadlines
• Dedicated customer support throughout your filing journey

Start your ITR-1 filing with Easy My Tax today and experience hassle-free tax compliance!