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ITR-1 (Sahaj) Filing

ITR-1 (Sahaj) is the simplest income tax return form for salaried individuals with income up to ₹50 lakhs. It covers salary income, income from one house property, and income from other sources like interest and dividends. Filing accurately ensures you claim all eligible deductions and avoid future notices.

50,000+
Returns Filed
100%
On-Time Filing
4.9 ★
Client Rating
0
Section 234F Penalties
Service Overview

Your Salary Deserves the Right Return

ITR-1 is designed for simplicity — but even simple returns can be filed incorrectly, leading to demand notices or missed refund opportunities. Most salaried employees underutilize Section 80C deductions, miss HRA exemptions, or fail to report interest income correctly. Our tax experts review your Form 16, investments, and financial data to prepare an accurate, fully optimized ITR-1 — ensuring maximum legitimate refund or minimum tax payable.

Critical: ITR-1 must be filed by July 31 of the assessment year. Missing this deadline means you cannot carry forward losses and you attract interest under Section 234A at 1% per month on unpaid tax — plus a late filing fee of up to ₹5,000 under Section 234F.

Salary Income

Form 16 and pay slips

We accurately input salary details from your Form 16 — including allowances, perquisites, and employer contributions — ensuring correct computation under the head 'Salaries'.

House Property Income

Self-occupied or let-out

Income (or loss) from one house property is reported — covering home loan interest deduction under Section 24(b) and standard deduction for let-out properties.

Other Sources Income

Interest, dividends, and more

Savings bank interest, FD interest, recurring deposit interest, and dividend income must be declared. We reconcile your Form 26AS and AIS to ensure all income is captured correctly.

Section 80 Deductions

Maximize your deductions

We claim all eligible deductions — 80C (LIC, PPF, ELSS), 80D (medical insurance), 80G (donations), 80TTA (savings interest) — to minimize your tax liability legally.

Eligibility Criteria

Who Can File ITR-1?

ITR-1 is for resident individuals with straightforward income profiles. Certain conditions disqualify you from ITR-1.

1

Total Income Up to ₹50 Lakhs

ITR-1 is for individuals with total income from all sources not exceeding ₹50 lakhs in the financial year.

2

Salary or Pension Income

Must have income from salary or pension as the primary income source.

3

One House Property

Can declare income/loss from only one house property. Individuals with multiple properties must use ITR-2.

4

No Business Income

Cannot be used if you have any income from business or profession. Freelancers, consultants, and business owners must use ITR-3 or ITR-4.

Key Benefits

Why Expert ITR-1 Filing Matters

Even a simple return benefits from professional review to maximize refunds and avoid future notices.

01

Maximum Refund

We identify every eligible deduction and exemption to ensure you receive the maximum possible refund rather than overpaying tax.

02

AIS & Form 26AS Reconciliation

We reconcile your Annual Information Statement (AIS) with your return — preventing notices for income mismatch on dividends, interest, or property transactions.

03

Old vs. New Tax Regime

We calculate your tax liability under both old and new tax regimes and recommend the one that minimizes your tax — a crucial decision that affects your net savings.

04

No Errors, No Notices

Errors in ITR-1 — wrong TAN, mismatched TDS, or missing income — trigger automated CPC notices. Expert filing eliminates these errors.

05

Quick E-Filing

We file your ITR-1 online within 24–48 hours of receiving your documents. E-verification via Aadhaar OTP is completed instantly.

06

Refund Tracking

We track your refund status and escalate with the Income Tax Department if the refund is delayed beyond the standard 30–45 day processing period.

Step-by-Step Process

How We File Your ITR-1

A streamlined process that takes the complexity out of tax filing for salaried individuals.

Your journey Step 1 of 6

Scroll through the steps — or skip the queue and let our experts handle every one of them for you.

Get Expert Help
1
Step 1 of 6

Collect Documents

Share Form 16 (from employer), PAN, Aadhaar, bank statements, and investment proofs via our secure portal.

2
Step 2 of 6

Review AIS & Form 26AS

We download your AIS and Form 26AS from the income tax portal to verify all TDS credits and identify any income not reflected in Form 16.

3
Step 3 of 6

Compute Tax Liability

Calculate gross total income, apply all eligible deductions, and compute tax under both old and new regimes. Recommend the most beneficial regime.

4
Step 4 of 6

Prepare ITR-1 Draft

Fill in all schedules — salary, house property, other sources, deductions — and share the draft with you for review before submission.

5
Step 5 of 6

File ITR-1

Submit the return on the Income Tax e-filing portal. The ITR is filed electronically and acknowledgement is generated instantly.

6
Step 6 of 6

E-Verify Return

E-verify the return using Aadhaar OTP, net banking, or DSC within 30 days of filing. An unverified return is not considered filed.

Document Checklist

Documents Required for ITR-1 Filing

Provide these documents to enable accurate and complete ITR-1 filing.

Income Documents

Form 16

Employer-issued TDS certificate showing gross salary, deductions, and tax deducted.

Bank Statements

All savings bank and FD account statements for the year — for interest income reporting.

Form 26AS / AIS

Annual Information Statement and Form 26AS from the income tax portal — for TDS credit verification.

If your employer did not account for all your investments in Form 16, ensure you have separate proof of those investments to claim deductions directly in the ITR. Don't rely solely on Form 16 for deduction claims.

Post Registration

After Filing Your ITR-1

Filing the return is step one. Complete e-verification and track your refund.

Within 30 days

E-Verify Immediately

Complete e-verification within 30 days of filing using Aadhaar OTP (instant), net banking, or DSC. An unverified ITR is treated as not filed — even if submitted.

30–45 days

Track Refund

If a refund is due, it is typically processed within 30–45 days of e-verification. Check status on the income tax portal. We follow up if your refund is delayed.

If received

Respond to 143(1) Intimation

Most returns receive an automated 143(1) intimation from CPC confirming acceptance or identifying discrepancies. If a tax demand is raised, respond or pay within 30 days.

Why Finace India?

Your Trusted ITR-1 Filing Partner

Miss the July 31 deadline and you lose the ability to carry forward losses, plus interest under Section 234A and a late fee up to ₹5,000. We file your Sahaj return accurately, well before the cutoff.

Maximum Refund Check

Every eligible deduction and exemption verified so you don't leave money with the department.

AIS & Form 26AS Match

Your return is reconciled against AIS and Form 26AS before filing to prevent mismatch notices.

Old vs. New Regime Comparison

We compute both tax regimes and file whichever saves you more, every year.

Fast E-Filing & Refund Tracking

Quick turnaround filing with refund status tracked until it reaches your account.

50,000+

Returns Filed

100%

On-Time Filing

4.9 ★

Client Rating

0

Section 234F Penalties

4.9 / 5from 2,400+ verified reviews
Talk to an Expert
FAQ

Frequently Asked Questions

ITR-1 (Sahaj) is for resident individuals with total income up to ₹50 lakhs from salary/pension, one house property, and other sources (interest, dividends). It cannot be used if you have business income, capital gains, or foreign income.
Yes. If your total income exceeds ₹2.5 lakhs (₹3 lakhs for 60–80 age group), you must file an ITR — even if your employer has deducted all applicable TDS.
The standard due date is July 31 of the assessment year (e.g., July 31, 2025 for FY 2024–25). Belated returns can be filed until December 31 with a ₹5,000 penalty.
Yes. Salaried individuals (without business income) can switch between the old and new tax regimes every year when filing their ITR. We recommend the regime that gives you the lower tax each year.
Non-filing attracts a late fee of ₹5,000–₹10,000, loss of ability to carry forward losses, and potential prosecution for habitual non-filers. Loan applications and visa applications also require ITR copies.

Still have questions?

Our experts are happy to walk you through the process.

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