ITR-1 (Sahaj): Definition, Meaning & Guide for Indian Businesses

ITR-1 (Sahaj) is the simplest income tax return form for resident individuals with total income up to 50 lakh from salary, one house property, and other sources.

What is ITR-1 (Sahaj)?

ITR-1 (Sahaj) is the simplest ITR form, designed for resident individuals with total income up to 50 lakh from salary or pension, one house property, other sources like interest, and agricultural income up to 5,000 rupees. Cannot be used by directors, NRIs, those with foreign assets, or those with capital gains, business income, or income from more than one house property. Due date: 31 July following the financial year.