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ITR-1 (Sahaj) Filing Services

Filing Income Tax Return (ITR-1), commonly known as the Sahaj form, is essential for individuals earning income from salaries, one-house property, or other specified sources. At VSB Consultants Pvt Ltd, we streamline the ITR-1 filing process, ensuring accuracy, compliance, and maximum tax benefits. We help salaried individuals, pensioners, and small taxpayers file their tax returns seamlessly while guiding them through deductions, exemptions, and tax-saving opportunities.

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What is ITR-1 (Sahaj) Filing ?

ITR-1 (Sahaj) is a simplified tax return form applicable to resident individuals with total income up to ₹50 lakh from sources such as:

✔ Salary or Pension – Fixed monthly income from employment or retirement.
 ✔ One-House Property Income – Rental income or self-occupied property.
 ✔ Other Income – Interest from savings, fixed deposits, and post office schemes.
 ✔ Agricultural Income – Up to ₹5,000.

If an individual’s income includes business earnings, capital gains, or multiple property holdings, they cannot use ITR-1 and must opt for other ITR forms.

Who Should File ITR-1 ?

✔ Salaried Individuals with income up to ₹50 lakh.
 ✔ Pensioners receiving regular monthly pensions.
 ✔ Individuals with rental income from a single house property.
 ✔ Taxpayers earning interest income, dividends, or family pension.
 ✔ Agriculturists with agricultural income up to ₹5,000.

Who Cannot File ITR-1?

❌ Individuals earning income above ₹50 lakh.
 ❌ Those with capital gains or business income.
 ❌ Taxpayers owning more than one house property.
 ❌ Non-residents and Hindu Undivided Families (HUFs).
 ❌ Directors of companies or individuals holding foreign assets/income.

If you fall into any of these categories, ITR-1 is not applicable, and you must file a different ITR form.

Documents Required for ITR-1 Filing

To file your ITR-1 Sahaj form, ensure you have:

📌 PAN Card – For taxpayer identification.
 📌 Aadhaar Card – Mandatory for verification.
 📌 Form 16 – Issued by the employer detailing salary and TDS.
 📌 Salary Slips – For income breakdown.
 📌 Bank Statements – Reflecting interest earnings.
 📌 TDS Certificates (Form 16A/16B/16C) – Showing deducted tax.
 📌 House Rent Receipts – If claiming HRA benefits.
 📌 Investment Proofs – For deductions under Section 80C, 80D, 80G.
 📌 Loan Statements – Home loan interest/principal for tax deductions.

Having these documents ensures a smooth, error-free tax filing process.

Step-by-Step Process for Filing ITR-1 (Sahaj)

At VSB Consultants Pvt Ltd, we ensure a structured and hassle-free tax filing process:

Step 1: Collect & Verify Documents

✔ Gather salary slips, Form 16, TDS details, and investment proofs.
 ✔ Ensure accurate reporting of income, deductions, and exemptions.

Step 2: Calculate Tax Liability

✔ Compute taxable income by deducting eligible exemptions and deductions.
 ✔ Calculate tax payable and verify TDS credits and advance tax paid.

Step 3: Online ITR-1 Filing

✔ Log in to the Income Tax e-Filing Portal.
 ✔ Fill in salary, interest, house property, and other income details.

Step 4: Pay Additional Tax (if any)

✔ If tax liability exists, generate Challan 280 and complete payment.

Step 5: Verify & Submit

✔ Review all details before submitting the ITR-1 return online.
 ✔ Verify via Aadhaar OTP, net banking, or digital signature.

Step 6: Acknowledgment & Compliance

✔ Download ITR-V (Acknowledgment Form) as proof of filing.
 ✔ Ensure compliance with tax notices or clarifications, if required.

With VSB Consultants Pvt Ltd, your ITR-1 filing is accurate, stress-free, and on time.

Why Choose VSB Consultants ?

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📞 Call us now on +91 9875991882 or fill out the inquiry form to get expert assistance from VSB Consultants Pvt Ltd!

Frequently Asked Questions (FAQs)

  • +1. What is the last date for filing ITR-1 ?
    ✔ Generally, the due date is July 31st of the assessment year.
  • +2. What happens if I miss the ITR-1 filing deadline ?
    ✔ Late filing attracts a penalty of ₹1,000 to ₹5,000 and loss of tax benefits.
  • +3. Can ITR-1 be filed after the due date ?
    ✔ Yes, a belated return can be filed with late fees before the assessment year ends.
  • +4. What deductions are allowed under ITR-1 ?
    ✔ Deductions under Sections 80C (Investments), 80D (Health Insurance), 80G (Donations), etc.
  • +5. Can I file ITR-1 without Form 16 ?
    ✔ Yes, if salary slips and tax deductions are available for reference.
  • +6. How do I verify my ITR-1 after filing ?
    ✔ Via Aadhaar OTP, net banking, or sending ITR-V to the IT department.
  • +7. Is ITR-1 applicable for freelancers ?
    ✔ No, freelancers should file ITR-3 or ITR-4, depending on income type.
  • +8. Can I revise my ITR-1 after submission ?
    ✔ Yes, it can be revised before the assessment year ends.
  • +9. Is it necessary to file ITR-1 if tax is already deducted (TDS) ?
    ✔ Yes, even if TDS is deducted, tax filing is mandatory.
  • +10. Can NRI taxpayers file ITR-1 ?
    ✔ No, ITR-1 is only for resident individuals.
  • +11. How long does it take to file ITR-1 ?
    ✔ With complete documents, filing can be completed in a few hours.
  • +12. How can I track my ITR-1 refund ?
    ✔ Refund status can be checked on the Income Tax e-Filing Portal.
  • +13. Is Aadhaar mandatory for filing ITR-1 ?
    ✔ Yes, Aadhaar is required for filing and verification.
  • +14. Can I file ITR-1 if I have foreign assets ?
    ✔ No, individuals with foreign income/assets must use ITR-2 or ITR-3.
  • +15. What are the benefits of filing ITR-1 ?
    ✔ Avoid penalties, claim tax refunds, and improve creditworthiness.