ITR-1 Return Filing Guide AY 2025-26 & FY 2026-27
Introduction
ITR-1 (Sahaj) is the simplest Income Tax Return form designed for individuals with basic income sources such as salary, pension, or interest income. It is widely used by salaried taxpayers in India for filing their annual income tax returns.
For Assessment Year (AY) 2025-26 and Financial Year (FY) 2026-27, understanding the eligibility, filing process, and requirements of ITR-1 is essential for accurate and timely compliance.
This guide provides a complete overview of ITR-1 return filing.
What is ITR-1 (Sahaj)?
ITR-1, also known as Sahaj, is a simplified return form used by resident individuals having straightforward income sources.
It is suitable for taxpayers with limited income categories and straightforward financial profiles.
Who Should File ITR-1?
You can file ITR-1 if:
- You are a resident individual
- Your total income is up to Rs. 50 lakh
- You have income from salary or pension
- You have income from one house property
- You have income from other sources (interest, etc.)
- Agricultural income is up to Rs. 5,000
Who Cannot File ITR-1?
ITR-1 is not applicable if:
- Your income exceeds Rs. 50 lakh
- You have capital gains income
- You own more than one house property
- You have foreign income or assets
- You are a director in a company
- You have business or professional income
Documents Required for ITR-1 Filing
- PAN and Aadhaar
- Form 16 (for salaried individuals)
- Bank statements
- Interest income details
- Form 26AS, AIS, and TIS
- Investment proofs for deductions
Due Date for Filing ITR-1
- 31st July 2025 (for non-audit cases)
Subject to change as per government notifications.
Step-by-Step Process to File ITR-1
Step 1: Login to Income Tax Portal
- Access the official e-filing portal
Step 2: Select ITR-1 Form
- Choose Assessment Year 2025-26
Step 3: Enter Personal Details
- Provide basic information and residential status
Step 4: Report Income Details
- Enter salary, house property, and other income
Step 5: Claim Deductions
- Claim deductions under Chapter VI-A
Step 6: Compute Tax Liability
- Verify tax calculation and pay dues if any
Step 7: Submit and Verify Return
- Submit and verify using Aadhaar OTP, net banking, or EVC
Key Features of ITR-1
- Simplified and easy filing process
- Suitable for salaried individuals
- Limited income categories
- Faster processing of returns
Common Mistakes to Avoid
- Incorrect income reporting
- Not reconciling Form 26AS or AIS
- Missing deductions
- Selecting wrong ITR form
- Not verifying the return
Tips for Accurate Filing
- Check Form 16 and bank statements carefully
- Reconcile all income details
- Claim eligible deductions
- File return before due date
- Verify return immediately
Benefits of Professional Assistance
Professional assistance can help:
- Ensure accurate filing
- Maximize deductions
- Avoid errors and notices
- Speed up refund processing
Conclusion
ITR-1 is the most convenient option for individuals with simple income structures. Proper understanding of eligibility and accurate filing ensures smooth tax compliance.
For AY 2025-26 and FY 2026-27, taxpayers should file their returns on time and ensure all details are correct.
Need Help with ITR-1 Filing?
The Tax Company (TTC) provides expert assistance in ITR-1 return filing. Our team ensures accurate filing and hassle-free compliance.
Contact us today for professional support.
