ITR-1 (SAHAJ)
This article will aid users to understand Income Tax Return Form i.e. ITR-1. This article will provide details on who can and cannot use this form, what are prerequisites for filing this form, slab rates of individuals and new tax regime U/S 115BAC.
ITR-1 (SAHAJ) can be filed online by log in on to https://www.incometax.gov.in/iec/foportal.
ITR-1 (SAHAJ) can be filed by using offline utility which can be downloaded from the link >> https://www.incometax.gov.in/iec/foportal/downloads/income-tax-returns
Due Date for filing ITR-1 (SAHAJ) for F.Y. 2021-22 & A.Y. 2022-23 is 31st July, 2022.
Who can use ITR – 1 (SAHAJ)
Individuals with a total Income of up to INR 50,00,000 having income from salaries, one house property, other sources, and agricultural income up to Rs.5,000 can use form ITR – 1 (SAHAJ).
Who cannot use ITR-1 (SAHAJ)
- Person who is Director in any company
- Person who has held any unlisted equity shares at any time during the previous year
- Person who has any asset (including financial interest in any entity) located outside India
- Person who has signing authority in any account located outside India
- Person who has income from any source outside India
- Person whose tax has been deducted u/s 194N
- Person whose ESOP payment or deduction of tax has been deferred
- Person who has brought forward loss or loss to be carried forward under any income head
Perquisites for filling ITR-1 (SAHAJ) or Salaried ITR
- User must be registered on e-filling portal.
- Link Aadhaar Number and PAN on e-filling portal
- It is mandatory to have at least one pre-validated bank account
- Nominate pre-validated bank account for refund
- Valid mobile number linked with Aadhaar for e-Verification of ITR post submission.
- Obtain Form – 16 & Salary slips from Employer
- Interest Certificates from the Post offices and Banks
- Download Form 26AS and Annual Information Statement
- Tax saving investment proof
- Deduction under the Section 80 D to 80 U
- Home Loan statement from the NBFC or the Bank
- Bank Account Statements for relevant period
Sections of ITR-1 (SAHAJ)
ITR-1 (SAHAJ) Form has 5 Sections:
- Personal Information – Usually prefilled from profile information updated on IT portal. This information if needs to be updated than the same has to be updated on Profile of IT Portal. Please verify the details filled and ensure all the mandatory star marked details have been filled.
- Gross Total Income – Income from Salary, House Property, Other Sources and Exempt Income. Few information such as details on which TDS has been deducted get pre filled in the return. However, taxpayer to check the accuracy and completeness of such information and can add additional details of income not appearing such as agriculture income and other exempt income or any other income.
- Total Deductions – Deduction can be added of Chapter VI which assessee has to avail.
- Tax Paid – It comprises of following details:
- TDS from Salary / Other than Salary as furnished by Payer (mostly gets Prefilled)
- TCS (mostly gets Prefilled)
- Advance Tax (mostly gets Prefilled)
- Self-Assessment Tax (This needs to added bases on Tax payment made by assessee)
- Total Tax Liability – Assessee has to review the Net tax liability basis the details filled in above sections.
Guide for filing ITR-1 (SAHAJ)
Readers can further refer this link for detail understanding of how a Salaried Individual can file his/her Income Tax Return(ITR). This will further include benefits of filing of ITR for Salaried Individuals, ITR forms applicable to salaried individuals, Prerequisites required for filing ITR by Salaried Individuals, Income Tax forms applicable to Salaried Individuals, Income Tax Slab Rates for Individuals for F.Y. 2021-22 and Revised Optional Slab Rates under section 115BAC for F.Y.2021-22.The article will also give a brief idea of what comprises of Income for Salary as per Income and deductions from Salary in Income tax >> https://www.taxledgeradvisor.com/salaried-tax-filing/
Slab Rate for Individuals FOR F.Y. 2021-22 & A.Y. 2022-23 are
| Age Up to 60 & Net total Income | Tax Rate |
| Up to 2,50,000 | Nil |
| 2,50,000 – 5,00,000 | 5% |
| 5,00,000 – 10,00,000 | 12,500 + 20% above INR 5,00,000 |
| Above 10,00,000 | 112,500 + 30% above INR 10,00,000 |
| Age greater than 60 less than 80 (Senior Citizen) & Net Total Income | Tax Rate |
| Up to 3,00,000 | Nil |
| 3,00,000 – 5,00,000 | 5% |
| 5,00,000 – 10,00,000 | 10,000 + 20% above INR 5,00,000 |
| Above 10,00,000 | 1,10,000 + 30% above INR 10,00,000 |
| Age greater than 80 (Super Senior Citizen) & Net Total Income | Tax Rate |
| Up to 5,00,000 | Nil |
| 5,00,000 – 10,00,000 | 20% above INR 500,000 |
| Above 10,00,000 | 100,000 + 30% above INR 10,00,000 |
Revised Optional Slab Rates under Section 115BAC for F.Y. 2021-22 & A.Y. 2022-23 are
During ITR-1 (SAHAJ) filing, Individuals have an option for F.Y. 2021-22 to opt in to pay tax as Section 115BAC instead of paying tax as per normal slab rates as per above tables.
PLEASE NOTE: Section 115BAC Slab rates are same for all group of individuals. No separate slab rate for senior citizen or super senior citizen.
| For all Age Groups of Individual and Net Total Income | Tax Rate |
| Up to 2,50,000 | Nil |
| 2,50,000 – 5,00,000 | 5% |
| 5,00,000 – 7,50,000 | 12,500 + 10% above INR 5,00,000 |
| 7,50,000 – 10,00,000 | 37,500 + 15% above INR 7,50,000 |
| 10,00,000 – 12,50,000 | 75,000 + 20% above INR 10,00,000 |
| 12,50,000 – 15,00,000 | 1,25,000 + 25% above INR 12,50,000 |
| Above 15,00,000 | 187,500 + 30% above INR 15,00,000 |
What is Section 115BAC
During Salaried Tax filing, Individual has an option for F.Y. 2021-22 to opt in to pay tax as Section 115BAC instead of paying tax as per normal slab rates.
115BAC is tax on income of individuals and Hindu undivided family (HUF). This section provides option to Individuals & HUF for previous relevant to A.Y. 2021-22 to opt for slab rates given in the section.
If assessee fails to satisfy any of the conditions, then he/she will not be able to opt in again for these slab rates.
Assessee can opt out of this section once anytime after the year in which it was opted. However, once he opts out, he/she will not able to opt in again in any of the coming years.
What are the conditions to opt in for section 115BAC?
The option can be availed; however, the total income will be calculated excluding:
- Set off of any loss carried forward or depreciation allowances
- Set off of any loss under the head “Income from house property” with any other head of income
- Exemption or deduction of travel allowance, special allowances, minor income up to INR 1,500
Need Expert Assistance for ITR-1 (SAHAJ) filing
For expert assistance on ITR-1 (SAHAJ) return filling in Udaipur and Rajasthan, reach our professionals at Tax Ledger Advisor.