ITR-1 (Sahaj)

Tax Glossary Definition

ITR-1 (Sahaj)

ITR-1 (Sahaj) – A simple income tax return form for resident individuals with total income up to ₹50 lakh from salary or pension, one house property, and income from other sources (excluding lottery or racehorse winnings), with no business income or capital gains. Example: A salaried employee with interest from fixed deposits and total income below ₹50 lakh can file ITR-1.

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