India's ITR -1 return filing form released by Income tax department is applicable only for Individuals.

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If you are planning to file your Income Tax Return(ITR), before filling ITR-1 for Assessment Year 2025-26(Financial Year 2024-25), it is advised to refer relevant provisions of Income Tax Act, Rules and Notifications for getting complete details. Income of spouse(other than those covered under Portuguese Civil Code) or minor are to be clubbed only if the source of income is within the specified limits as mentioned below.



ITR - 1(SAHAJ) .

ITR - 1 is applicable for a Resident (other than Not Ordinarily Resident) Individual having Total Income from any of the following sources upto Rs.50 lakh.

1. Salary/Pension.

2. One house property.

3. Other sources (interest received on enhanced compensation, interest from savings account, interest from deposits, interest from income tax refunds, any other interest income family pension, dividend etc.)

4. Agricultural income upto Rs.5000.

Explanation 

ITR-1 cannot be used by a person (1) who is a Director in a company.

(2) has held any unlisted equity shares at any time during the previous year.

(3) has any asset (including financial interest in any entity) located outside India. 

(4) has signing authority in any account located outside India. 

(5) has income from any source outside India. 

(6) is a person in whose case tax has been deducted u/s 194N. 

(7) is a person in whose case payment or deduction of tax has been deferred on ESOP. 

(8) has any brought forward loss or loss to be carried forward under any head of income.

(9) has total income exceeding Rs. 50 lakhs.

Online filing of ITR-1 through e-filing portal is now enabled for Assessment Year 2025-26.

Income which is not within the purview of the ITR-1 

1.Profits and gains from business and profession.

2.Income from more than one house property.

3.Income from capital gains.

4.Income in the nature of winning from lottery.

5.Activity of owning and maintaining race horses 

Income taxable at special rates under the provisions of Section 115BBDA or Section 115BBE.

What are the eligibility criteria for opting ITR-1 for filling income tax return for the Assessment Year 2025-26?.

Briefly explaine the income sources to be considered for filling income tax return for the Assessment Year 2025-26 in ITR-1?

Who is eligible for filling ITR-1 for the Assessment Year 2025-26