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Filing form for ITR 1


In order to make it easier for taxpayers to comply with tax laws, the Income Tax Department has grouped taxpayers into groups according to their sources of income and level of income. People in India who earn up to Rs. 50 lakh per year must file an ITR 1 Return.

A thorough explanation of the ITR 1 Sahaj Form is provided in this article. The Income Tax Act of 1961 specifies how each category of taxpayer must calculate their taxable income. The taxpayer must submit income tax returns after computation.


Who can submit ITR 1 Sahaj Forms?

People with incomes up to Rs. 50 lakh millions should use the ITR 1 Sahaj Form. People who make money from the following sources may submit an ITR-1 Sahaj form:


  • Individual who is paid a salary: A person who is paid a salary is compensated financially for the services they are required to do as part of their employment agreement. Under the definition of salary income in the Income Tax Act of 1961, there are the following:

  • Wages

  • Pension\Annuity

  • Payed in advance of wages, Encashment of Leave

  • In addition to or in place of the pay or wages, there may be a fee, requirement, commission, or profit.

  • Transferred funds in an established provident fund

  • Recognized Provident Fund annual accretion

  • Contribution from the federal government or an employer to Form ITR 1

  • In accordance with Section 80 CCD of the Income Tax Act, employers may contribute to pension accounts or the central government may do so.

  • Property with one house: Rent payments are taxable if the taxpayer owns the property from which they are receiving a rental income.

  • However, the rent earnings are taxable if the taxpayer uses the owner of the property from which they are receiving a rent payment. The property would, however, be subject to taxation under the heading "Income from business or profession" if the taxpayer used it to operate a business or profession.

  • other resources (does not include income earned from winning lottery or racehorses)

  • Income from agriculture (Up to to Rs. 5000)


Who is not permitted to submit an ITR 1 Sahaj Form?

The following individuals are not eligible to file an ITR 1 Sahaj Form:

This ITR 1 Sahaj 1 Form cannot be used by anyone having an annual income of more than Rs. 50 lakh.

This form cannot be used by a person who is a director of a company and has owned unlisted equity shares during the fiscal years.


Non-residents and residents who are not ordinary inhabitants are also ineligible to file ITR 1 Sahaj Forms.

The following people cannot file an ITR 1:

  • Lotteries, racehorses, legal gambling, etc. are examples of real estate.

  • Taxed capital gains ( Both short term and long term)

  • whenever agricultural income surpasses Rs. 5,000

  • A person who resides in India yet has assets elsewhere, or the person with signing authority on any accounts with foreign beneficiaries.

  • Those who are requesting relief from double taxation or reimbursement from foreign taxes paid under Section 90/90A/91.


ITR 1 Sahaj Form filing requirements documents


What supporting documentation is needed to submit an ITR 1 Sahaj form?

  • Form 16

  • Wage statements

  • Postal and financial institution interest certificates

  • Form 26AS, Form 16A/16B/16C

  • Investment proof of tax savings

  • Capital gains from the NBFC or the bank are deductible under Section 80 D to 80 U Home Loan Statement.


The income tax rate under both the old and new tax systems ( For TDS return Filing)

The old and new tax systems are now options for taxpayers to select from. At the beginning of the fiscal year, the choice of a tax regime must be made.

The old tax system's income tax rates are as follows:

Up till the age of 60 for persons Taxable Income

  • Tax Rate between INR 2, 50,000 and INR 5, 00,000 5%

  • Up to INR 2, 50,000 Nil

  • 20% of INR 5, 00,000 to INR 10, 00,000

  • 30% over INR 10, 00,000


For those between the ages of 60 and 80 (Senior Citizen)

Taxable Income Income

  • Tax Rate Up to INR 3,000 Nil

  • 3,00,000 to 5,000,00,000 INR 5%

  • INR 5,00,000 - INR 10,00,000 20%

  • 30% over INR 10,000

For people above the age of 80 (Super senior citizens)

Taxable Income Income

  • Tax Rate Up to INR 5,00,000 Nil

  • INR 5,00,000 - INR 10,00,000 20%

  • 30% over INR 10,000


The new tax system gives the taxpayer the option of choosing to renounce some permissible exemptions and deductions that are available for income tax in exchange for paying taxes at a reduced interest rate under the new tax regime.




The taxpayer may continue to pay taxes at the current rates. By continuing with the old system and paying taxes at the high rates they are now, the assesse can benefit from discounts and exemptions.


The following income tax rates are applicable to both persons and HUFs under the new tax regimes:

Salary Slab


The new tax slab rate regime (Applicable for all individuals and HUF)

No more than INR 2,50,000

INR 2,50,000 - 3,00,000 5% Tax relief under Section 87A is available.

INR 3,00,000 - 5,00,000

INR 5,00,000 - 7,50,000 10%

INR 7,50,000 - 10,00,000 15%

INR 10,00,000 - 12,50,000 20%

INR 12,50,000 - 15,00,000 25%

30% or more of INR 15,00,000.


In the New Tax regime, all individual tax brackets are subject to the identical rates of taxation. Therefore, under the New Tax Regime, there will be no enhanced basic exemption limit advantage for senior and super elderly individuals.

The tax liability for such individuals under both the new and the old existing tax regimes will be zero if their net taxable income is less than or equal to Rs. 5 lakh. These individuals are entitled for the tax rebate under Section 87A.

No of their age, NRIs can only receive an exemption up to Rs. 2.5 lakh.

The income tax liability will always be increased by an additional health and education cess of 4% (up from 3% since FY 2018-19).


An applicable surcharge in all of the aforementioned categories based on the tax rates below:


  • If total income exceeds Rs. 50 lakh, 10% of the income tax would apply.

  • 15% of income tax is due if the total income exceeds Rs.

  • If the total income exceeds Rs. 2 crore, 25% of the income tax is due.

  • The entire income over Rs. 5 crore constitutes 37% of the income tax.


What prerequisites must be met before choosing a new tax system?


The exemptions and deductions that are available under the old tax regime must be forgone by the taxpayer who chooses concessional rates under the new tax systems. There are a total of 70 deductions permitted, with the following 17 being the most popular:


The following frequent exemptions and deductions are prohibited under the new income tax system:

  • Travel stipend for leaves

  • Renter's Assistance

  • Transportation Allowance

  • Daily costs incurred when working

  • Moving Assistance

  • Assistant allowance

  • Grants for Children's Education

  • Other Special Compensation [Paragraph 10(4)]

  • Standard salary deduction Professional tax

  • Interest on a mortgage (Section 24)

  • Deductions under Chapter VI A (80C, 80D, 80E, etc.) (With the exception of Section 80CCD (2))


List of typical deductions permitted under the New Tax Regime

  • Transport assistance for people with disabilities

  • Allowance for travel expenses related to getting to work.

  • Purchase of a Notified Pension Plan under Section 80 CCD (2)

  • Deduction for hiring additional workers under Section 80JJAA

  • Except for further depreciation, depreciation under Section 32 of the Income Tax Act.

  • Any compensation for work-related travel or relocation.


ITR 1 filing for the AY 2021–2022: Significant Changes


The ITR Form now includes the following modifications:

  • If the TDS is subtracted pursuant to Section 194N, the taxpayer will not be allowed to file ITR 1 Form. This states that if non-filers of the income tax return withdraw cash in an amount greater than Rs. 20 lakh, tax must be deducted at the source. In other situations, tax must be subtracted if cash withdrawals in a financial year total more than Rs. 1 crore.

  • Under Section 194N, there is no option to carry the TDS forward. TDS credit pursuant to section 194N. Only the year in which the TDS was deducted should qualify for the section 194N TDS credit.

  • Choose between the old and new tax systems as an individual or HUF. The taxpayer must submit form 101E before submitting his income tax returns under Section 139 if he chooses the new tax regime under Section 115 BAC (1).

  • Incorporating the revised schedule DI changed the ITR Forms for the evaluation year 2020–2021 The extended term for the AY 2020–21 has made it possible for taxpayers to take advantage of the deduction. Ay 2021–22 does not contain the Schedule DI.


Documents Needed To File ITR-1 Form 16

  • Bank Statement Information

  • About Other Income

  • Schedule for Home Loan Repayment Rental Receipts

  • Receipts for donations

  • Expenses for Insurance

  • The purchase of mutual funds

  • Healthcare Costs

  • College and/or School Bills

  • Pay check stubs

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