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ITR-1

ITR-1 is designed for resident individuals with a simple income profile. It applies where total income does not exceed ₹50 lakh during the financial year and income is earned from limited specified sources.

*Only professional fees. Government charges and out-of-pocket expenses will be separate.

299.00

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Who Should File ITR-1?

ITR-1 is designed for resident individuals with a simple income profile. It applies where total income does not exceed ₹50 lakh during the financial year and income is earned from limited specified sources.

Eligible Income Sources

  • Salary or pension income
  • Income from one residential house property
  • Income from other sources such as:
    • Bank interest
    • Fixed deposit interest
    • Family pension

Why

The government created the ITR-1 form to make e-filing as simple as possible for most salaried workers and many retired people, so that they can submit their returns online with the least amount of fuss. To avoid having complicated types of income (e.g. capital gain from real estate, stocks, business profit, etc.) get handled through this route; only basic types of income are allowed to be reported on this form namely salary from one job, real estate owned for a primary residence, and interest income. Individuals who have additional types of income will need to complete one of the more complex forms: ITR-2 or ITR-3 which allows for a much more thorough examination of complicated tax calculations and potential liabilities through the official Revenue Canada e-Filing site.

Benefits

  • Simplicity & Speed: The form exists as a simple pre-filled document which lets eligible users quickly submit their information through the Income Tax e-Filing Portal.
  • Penalty Avoidance: The system keeps your business operations within legal limits while it stops you from facing back taxes and interest expenses and official tax department warnings.
  • Faster Tax Refunds: The correct electronic filing of taxes leads to faster processing times which enables taxpayers to receive their overpaid taxes more quickly.
  • Loan and Visa Applications: The ITR acknowledgment serves as a vital proof of income which people need to secure loans and mortgages and to obtain visa approvals.
  • Claim Deductions: You can use this system to claim your valid deductions under Section 80C which helps you lower your total tax payment.

Who Cannot File ITR-1?

ITR-1 cannot be used if the taxpayer has:

  • Capital gains (including sale of shares or property)
  • Business or professional income
  • Income from more than one house property
  • Foreign income or foreign assets
  • Agricultural income exceeding ₹5,000
  • Income from lottery, betting, or race horses

Pricing

ITR-1 Filing Starting at ₹299: ITR-1 is meant for resident individuals with a simple income profile and total income up to ₹50 lakh. It applies to income from salary, one house property, and other specified sources, ensuring quick and hassle free filing.

Key Compliance Benefits

  • Simplified return structure
  • Faster processing
  • Lower chances of scrutiny
  • Ideal for salaried employees and pensioners

Timeline

Income Tax Returns must be filed on or before 31st July of the assessment year for most individuals not requiring audit. For taxpayers subject to audit, the due date is 31st October, while cases involving transfer pricing must file by 30th November. Timely filing ensures faster refunds, avoids late fees and interest, and keeps your tax records fully compliant.

Our ITR-1 Services Include

  • Salary reconciliation with Form 16
  • Verification of interest income with Form 26AS & AIS
  • Accurate deduction claims (80C, 80D, etc.)
  • Filing and e-verification support

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