ITR-1 Form: Income Tax Return for Salaried Individuals - Tax Craft Hub
The ITR-1 Form, also known as Sahaj, is an Income Tax Return form used by individual taxpayers in India. This form is designed for residents with a total income of up to ₹50 lakh, who receive income from salaries, one house property, other sources (such as interest), and agricultural income up to ₹5,000. The ITR-1 Form simplifies the tax filing process for individuals with straightforward income sources, excluding those who are directors of companies, have investments in unlisted equity shares, or possess income from business and profession. It is an essential tool for ensuring compliance with India's tax regulations and streamlining the tax submission process for eligible taxpayers.
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