ITR-1 Form - SAHAJ - AY2018-19 | FY2017-18

The ITR-1 form or SAHAJ return for the assessment year 2018-19 and financial year 2017-18 has been unveiled by the Government. ITR-1 SAHAJ form is the most widely used income tax form. ITR-1 is used by salaried individuals to file their Tax Returns with the Income Tax Department of India. ITR-1 form can be used by individuals who have an income which is lesser than ₹ 50 Lakhs and have earned their income in the financial year 2017-18 through salary or pension and only one house property. Taxpayers who have income from foreign assets, agricultural income that exceeds Rs. 5000, Income from Business or Profession and income from more than one house property are not eligible to file using ITR-1 Form.

Latest Update on 26th June 2019

As per the latest notification from the Income Tax Department, taxpayers are advised to take a note of the below:

Consequent to changes made in Income Tax Return Preparation Software and Schema for AY 2019-20, Please note the below: 1. Already saved draft data will not be available in case of Online ITR 1 & 4 2. In case of Offline utilities, XML has to be re-generated using the latest Income Tax Return Preparation Software.

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Frequently Asked Questions

Common questions about ITR-1 Form SAHAJ AY2018-19 Tax Filing for Salaried Individuals.

The ITR-1 SAHAJ form can be filed by salaried individuals whose total income for the financial year 2017-18 is less than ₹50 lakhs and is earned through salary, pension, and one house property. Individuals with income from foreign assets, agricultural income exceeding ₹5,000, income from business or profession, and income from more than one house property are not eligible to file using ITR-1 Form.

The article does not mention the deadline for filing ITR-1 SAHAJ Form for the Assessment Year 2018-19. However, generally, the due date for filing income tax returns for salaried individuals is July 31 of the assessment year.

Yes, the ITR-1 SAHAJ Form can be filed online. However, the latest update on June 26, 2019, states that already saved draft data will not be available in case of Online ITR 1 for AY 2019-20. Taxpayers will need to re-generate the XML using the latest Income Tax Return Preparation Software.

Yes, taxpayers can file the ITR-1 SAHAJ Form offline using the Income Tax Return Preparation Software. However, as per the latest update on June 26, 2019, in case of offline utilities, the XML has to be re-generated using the latest Income Tax Return Preparation Software for AY 2019-20.

Yes, the article states that the ITR-1 SAHAJ form is the most widely used income tax form.

The maximum income limit for filing ITR-1 SAHAJ Form is ₹50 lakhs for the financial year 2017-18 (Assessment Year 2018-19).

No, individuals with income from business or profession are not eligible to file using the ITR-1 SAHAJ Form. They will need to file a different form, such as ITR-3 or ITR-4, depending on their specific income sources.

No, individuals with income from more than one house property are not eligible to file using the ITR-1 SAHAJ Form. They will need to file a different form, such as ITR-2 or ITR-3, depending on their specific income sources.

No, individuals with agricultural income exceeding ₹5,000 are not eligible to file using the ITR-1 SAHAJ Form. They will need to file a different form, such as ITR-2 or ITR-3, depending on their specific income sources.

No, individuals with income from foreign assets are not eligible to file using the ITR-1 SAHAJ Form. They will need to file a different form, such as ITR-2 or ITR-3, depending on their specific income sources.