ITR-1 Return Filing

ITR-1 (Income Tax Return-1) is a simplified tax return form used by individual taxpayers in India who have a total income of less than 50 lakh rupees. It is primarily meant for individuals earning income from salaries, pensions, and interest, as well as income from one house property. Filing the ITR-1 is an essential process to ensure compliance with income tax laws and avoid penalties. It helps individuals report their income, claim eligible deductions, and pay taxes accurately based on their income.

Documents Required

Personal Information

PAN Card

Aadhaar Card

Bank Account Details (with IFSC)

Income Documents

Form 16 (Salary Certificate)

Salary Slips (if applicable)

Income from Other Sources (e.g., Interest, Dividends)

Tax Deducted at Source (TDS) Documents

TDS Certificates (Form 16, Form 16A)

Form 26AS (Tax Credit Statement)

Process Timeline

Collect Required Documents

Gather all necessary documents, such as Form 16 (TDS certificate), salary slips, bank statements, details of any income from house property, and proof of deductions like 80C, 80D, etc.

Verify Eligibility

Ensure that your income qualifies for ITR-1. This form is only for individuals earning income from salaries, pensions, interest, and one house property, with total income below 50 lakh rupees.

Login to the Income Tax Portal

Visit the official income tax e-filing website and log in using your credentials. If you don’t have an account, you can create one by providing basic details.

Select ITR-1 Form

Once logged in, navigate to the ‘Income Tax Returns’ section and select the ITR-1 form for filing.

Fill in the Details

Enter the required details, such as personal information, income details, deductions claimed, and tax paid. You will also need to provide details of your income from salary, interest, and house property.

Calculate Taxable Income and Tax Liability

Based on the entered information, the system will calculate your taxable income and tax liability. You can also claim exemptions or deductions to reduce your tax burden.

Submit the Form

Once you have verified all the details, submit the ITR-1 form electronically. After submission, an acknowledgment will be sent to your registered email.

E-Verify the Return

After submission, you can e-verify your return using OTP, Aadhaar, or other available methods. E-verification is required for your return to be processed.

Payment of Tax (if applicable)

If there is any tax due, make the payment using the available payment options before the due date to avoid penalties.

Save the Acknowledgment

Keep the acknowledgment received after e-filing for future reference.

Find the Perfect Fit for Your Budget

Choose from our range of flexible pricing options that cater to your specific needs.

₹1,499

Basic Plan

A brief description goes here

Get Started

Filing of ITR-1 (Sahaj) for individuals with salary, pension, and interest income.

Verification of income sources, including salary, interest, and other income sources.

Tax computation based on eligible exemptions and deductions (e.g., 80C, 80D).

Filing of return with the Income Tax Department.

Email support for any post-filing queries.

Turnaround Time: 2-3 working days.

₹2,999

Standard Plan

A brief description goes here

Get Started

Filing of ITR-1 (Sahaj) for individuals with salary/pension, one house property, and interest income.

Detailed review of all income sources and eligible deductions (e.g., 80C, 80D, HRA).

Tax computation and adjustment of eligible exemptions (e.g., house rent allowance, medical insurance).

TDS adjustment and checking for any missing TDS claims.

Filing of return and submission to the Income Tax Department.

Email and phone support for follow-up queries.

Turnaround Time: 2-4 working days.

₹4,499

Pro Plan

A brief description goes here

Get Started

Filing of ITR-1 (Sahaj) for individuals with salary/pension, one house property, interest income, and agricultural income (up to 5,000 rupees).

In-depth review of all income sources, including exemptions, deductions, and eligible claims (e.g., 80C, 80D, 80G).

Tax planning consultation to maximize tax savings for the current year.

Tax computation and reconciliation to ensure the accurate filing of returns.

TDS adjustments, ensuring all eligible TDS is accounted for and claimed.

Filing of return with the Income Tax Department, including e-verification via Aadhaar, OTP, or DSC.

Priority email and phone support for any queries or follow-ups.

Turnaround Time: 2-4 working days.

Frequently Asked Questions

Find answers to commonly asked questions about our products and services.

What is ITR-1?

ITR-1 is a simplified income tax return form for individuals earning income from salary, pensions, interest, and one house property, with a total income of up to 50 lakh rupees.

Who is eligible to file ITR-1?

ITR-1 is for individuals with a total income of up to 50 lakh rupees, including salary income, pension, income from one house property, and income from other sources like interest.

What income sources can be reported in ITR-1?

ITR-1 allows reporting income from salary, pensions, income from one house property, and income from other sources like interest.

Can I file ITR-1 if I have income from multiple house properties?

No, ITR-1 is for individuals who have income from only one house property. If you have income from more than one property, you will need to file ITR-2.

Can I claim deductions under section 80C in ITR-1?

Yes, you can claim deductions under Section 80C (e.g., for investments in PF, LIC, PPF) along with other eligible deductions like 80D for insurance premiums.

How do I calculate my tax liability?

The income tax portal will automatically calculate your tax liability based on the income and deductions you have entered. You can also manually calculate it using the tax slabs.

What if I forget to e-verify my ITR?

If you fail to e-verify your return, it will not be processed. You can verify your return within 120 days from the date of submission using an Aadhaar OTP, Net banking, or by sending a signed copy of the ITR-V to the IT department.

Is it necessary to file ITR if my income is below 2.5 lakh rupees?

Filing ITR is not mandatory if your total income is below 2.5 lakh rupees. However, you may file voluntarily to claim a refund of TDS or for other reasons like loan applications.