Understanding ITR-1 SAHAJ Form for Salaried Individuals
ITR-1 SAHAJ Overview: One-page form for individuals with salary, one house property, and other sources income.
Eligibility Criteria:
Total income below INR 50 lakh.
Income from salary/pension, one house property, and other sources.
Who Can File:
Salaried individuals with limited income sources.
Spouse or minor child's clubbed income must align with criteria.
Who Cannot File:
NRIs and those with specific income sources like capital gains or multiple properties.
Documents Needed: PAN, Aadhaar, bank details, Form 16, AIS, and others for accurate filing.
Changes for AY 2021-22:
Tax regime choice.
Quarterly dividend income breakdowns.
AY 2020-21 Changes:
Expanded eligibility.
Single property ownership allowance.
AY 2019-20 Changes:
Exclusion of directors and unlisted equity investors.
Pensioners checkbox introduction.
Segregation of returns and deductions.
Detailed income information and family pension deduction.
Section 80TTB inclusion for senior citizens.