Investment payment premium receipts (if applicable).

Taxpayers who wish to opt for the new tax regime under section 115BAC, have an option to select Yes in the new ITR form. Please note that the option for new tax regime u/s 115BAC will be available only till the due date of filing of return u/s 139(1). In ITR1 for AY 2021-22, there is an addition of section 115BAC. is not covered under the eligibility conditions for ITR1Ĭhanges in ITR-1 as compared to previous years.owns and has income from more than one house property.has deferred income tax on ESOP received from employer being an eligible start-ups.

has tax deduction under section 194N of Income Tax Act.

has taxable capital gains (short term and long term).

has income from lottery, racehorses, legal gambling etc.

has agricultural income exceeding â‚¹ 5000/.

is a Resident Not Ordinarily Resident (RNOR), and Non-Resident Indian (NRI).

ITR-1 cannot be filed by any individual who :

Income of Spouse (other than those covered under Portuguese Civil Code) or Minor is clubbed (only if the source of income is within the specified limits as mentioned above).

Interest received on Enhanced Compensation.

Interest from Deposits (Bank / Post Office / Cooperative Society).

Income is from salary, one house property, family pension income, agricultural income (up to Rs 5000/-), and other sources, which include:.

Total income does not exceed Rs 50 lakh during the FY.

ITR-1 can be filed by a Resident Individual whose: Eligibility criteria for filing ITR-1 for AY 2021-22

Like, ITR-1 form is for resident individuals having total income up to Rs 50 lakhs from income from salaries, one house property, other sources (interest, dividend, etc.), and agricultural income (up to Rs 5000). Filing of return in income tax has categorized on the basis of many factors i.e.

Itr sahaj form download