ITR-1 From Filing
ITR-1 Form Filing – Income Tax Return
ITR-1 SAHAJ form is the most widely used form by Individuals to file their Tax Returns with the Income Tax Department of India. Individuals who have their income within ₹ 50 Lakhs and have earned their Income for the Financial Year through Salary or Pension, only one House Property and other sources excluding lottery, racehorses, legal gambling etc are eligible to file their IT Return using ITR-1.
Assessees who have income from foreign assets, agricultural income that exceeds Rs. 5000, Income from Business or Profession and Income from more than one house property are not eligible to file using ITR-1 Form
ITR-1 Form Filing – SAHAJ Form
Income tax ITR-1 form must be filed by taxpayers who receive salary and have income from a house property. File ITR-1 form online for AY 2018-2019. Rs 800/
Eligibility
ITR-1 form must be filed by persons having salary income of less than Rs.50 lakhs and one house property.
Penalty
The penalty for late filing income tax return is Rs.5000 – if filed before 31st December and Rs.10,000 – if filed before 31st March.
STANDARD
RS488
Income tax return filing for an individual with salary income of less than Rs.5 lakhs.