ITR-1 (Salary, 1 House Property, OS)

ITR-1 SAHAJ form is the most widely used form by Individuals who have their income through Salary or Pension, only one House Property and other sources excluding Income from sources like lottery, racehorses, legal gambling etc are eligible to file their IT Return using ITR-1.

When should ITR-1 be filed ?

ITR-1 form is to be used when the assesses has income that is within Rs. 50 Lakhs and when the source of income falls into any of the below categories:

  1. Income from Salary/ Pension
  2. Income from just one house property
  3. Income from other sources excluding Winning from Lottery, Race Horses, income from foreign assets, Capital Gains, Business or Profession, Agricultural income that exceeds Rs. 5000.

What is the due date for filing ITR-1 Form ?

ITR-1 form must be filed by individuals and HUFs on or before 31st July of every year for the Previous year (Ended on 31st march) during which the income is earned.

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