Who Are Eligible To File ITR-1 (Sahaj)?

The Income Tax Department provides various types of income tax return forms to cater to different categories of taxpayers. One such form is ITR-1, also known as Sahaj, which is specifically designed for individuals with straightforward income sources

An individual with income up to Rs 50 lakh who receives income from a wage, one residential property, and other sources (interest, etc.), may file an ITR-1. Hindu Undivided Families (HUFs), businesses, and individuals with a combined income of up to Rs 50 lakh from their businesses and professions may file an ITR-4.

Who is eligible to file ITR-1?

A resident individual who meets the following criteria may file an ITR-1:
Total income for the FY must not exceed Rs. 50 lakh
Income from salary, house property, family pension, agricultural income (up to Rs. 5000), and other sources, such as:

• Interest from savings accounts
• Interest from deposits (bank, post office, cooperative society)
• Interest received on enhanced compensation
• Any other interest.

Income of the Spouse or the Minor is clubbed (but only if the source of income is within the above-mentioned restrictions and is not covered by the Portuguese Civil Code).

Who is not eligible to file ITR-1?

An individual cannot file an ITR-1, if they meet the following criteria:

• A Resident Not Ordinarily Resident (RNOR) or Non-Resident Indian (NRI) individuals
• Having total income exceeding 50 lakh;
• Having agricultural income exceeding 5000
• Having income from lotteries, racehorses, legal gambling, etc
• Having taxable capital gains (short- and long-term)
• Individuals who have availed a tax deduction under Section 194N of the Income Tax Act
• have deferred income tax on ESOP (Employee Stock Ownership Plan) received from their employer as an eligible start-up.
• Has Income from Business or Profession.
• Having invested in unlisted equity shares

What are the documents required to file ITR-1?

• Form 16
• Receipts for investment payment premiums (if applicable)
• Receipts for dwelling rent.

ITRs, on the other hand, are annexure-less forms, thus whether you file your return manually or electronically, you are not required to attach any supporting evidence. You must keep these records, though, in case they need to be shown to tax authorities in conjunction with a calculation, an inquiry, etc.