The Income Tax Department of India has further streamlined the ITR filing process, making it more accessible for taxpayers. If you’re considering filing ITR-1 (Sahaj), this guide provides a clear overview of who qualifies and who does not. Let’s explore the eligibility criteria to ensure you file with confidence.
Who Is Eligible to File ITR-1 (Sahaj)?
ITR-1, also known as Sahaj, is designed for individuals meeting the following conditions:
- Resident Individuals with a total income not exceeding ₹50 lakh.
- Sources of Income limited to:
- Salary or pension.
- Income from one house property (excluding cases where losses are brought forward).
- Other sources, such as interest from savings accounts, fixed deposits, or similar investments.
- Agricultural income up to ₹5,000 only.
Who Is Ineligible to File ITR-1 (Sahaj)?
Certain individuals must opt for a different ITR form if they fall under these categories:
- Directors in a company.
- Individuals who held unlisted equity shares during the previous financial year.
- Those with income from a business or profession.
- Residents with foreign assets or foreign-sourced income.
- Individuals with capital gains exceeding the permitted threshold (LTCG under Section 112A above ₹1.25 lakh) or those with carry forward/brought forward losses.
Visual Guide to ITR-1 Eligibility
The Income Tax Department has provided a detailed infographic to help taxpayers understand these criteria at a glance:
Ensure compliance this tax season with ease. For any queries, feel free to reach out in the comments section below, and we’ll assist you promptly.
