Call For Business Enquiries : +91 97650 00966 / +91 98190 00511 / +91 98218 32683
Call For Business Enquiries : +91 97650 00966 / +91 98190 00511 / +91 98218 32683
ITR-1 Return Filing · Baner, Pune
The Sahaj form for salaried individuals, pensioners & interest income earners — filed accurately, on time, from our Baner, Pune office.
Overview
ITR-1 (Sahaj) is the income tax return form for resident individuals with straightforward income profiles — one of the most widely filed forms in India, designed for salaried employees, pensioners, and interest-income earners.
N D Savla & Associates handles ITR-1 filings for clients across Pune — from IT sector employees in Hinjewadi to teachers, government servants, and retirees. Filing ITR-1 when the correct form is ITR-2 or higher makes the return defective under Section 139(9) — identifying the correct form first is essential.
⚠️ If capital gains from equity mutual fund redemptions exceed Rs 1.25 lakh (Section 112A threshold), ITR-1 cannot be used — ITR-2 is required.
Eligibility
All conditions must be simultaneously satisfied for the assessment year.
NRIs, HUFs, firms, companies, LLPs and trusts cannot use ITR-1 under any circumstance.
Gross total income must not exceed Rs 50 lakh for the financial year.
Salary/pension, at most one house property, and interest/dividend income — but no lottery or gambling winnings.
Agricultural income must not exceed Rs 5,000 for the year.
Part A and Part B from your employer, with correct salary breakup, HRA and Chapter VI-A deductions.
Check bank interest, dividend income, and high-value transactions against your actual figures.
Select whichever regime — old or new — produces the lower net tax after all deductions.
Log in to incometax.gov.in, choose ITR-1, and correct any errors in the pre-filled Form 26AS/AIS data.
House property, other-source income, and Chapter VI-A deductions not already pre-filled.
Verify tax payable or refund, pay any self-assessment tax via Challan 280, then file and e-verify within 30 days.
Frequently asked questions
Resident individuals with salary or pension income, at most one house property, other-source income like interest and dividends, and total income not exceeding Rs 50 lakh — with agricultural income under Rs 5,000.
Anyone with capital gains, income above Rs 50 lakh, two or more house properties, company directorship, unlisted equity holdings, foreign assets or income, NRI status, or virtual digital asset (crypto/NFT) income must file ITR-2 or higher.
Section 80C (up to Rs 1.5 lakh), 80CCD(1B) NPS (up to Rs 50,000), 80D health insurance, 80G donations, 80TTA/80TTB savings interest, Section 24(b) home loan interest, and the Rs 75,000 standard deduction.
No — ITR-1 does not require attaching Form 16, bank statements, or investment proofs. Retain all supporting documents for at least 7 years in case the assessment is reopened.
Related services
Book a free consultation with a qualified Chartered Accountant in Pune — accurate filing, right regime, on time.
N D Savla & Associates | ndsavla.in | +91 98219 32683 | info@ndsavla.in