Individual salaried taxpayers with annual income within INR 50 Lacs are required to file their annual ITR in Form itr_1
Income Tax Department of India has classified taxpayers into several categories based on their income and sources of income. The department has also assigned a specific form to each category for filing their annual Income Tax Returns (ITR). For salaried class taxpayers having an annual income within INR 50 Lakhs, a short and simple form itr_1 SAHAJ has been allocated.
Individuals receiving income from following sources are required to file their ITR through itr_1 SAHAJ:
Individualsâ€™ earnings through below mentioned sources are not eligible to file their ITR through itr_1 SAHAJ:
All annual ITRs through Form ITR- 1 must be filed by July 31.
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