ITR-1
ITR-1
(Salaried Individual)
ITR-1, also known as Sahaj, is a simplified income tax return form filed by individuals being resident (other than not ordinarily resident) having total income upto Rs.50 lakh, having Income from Salaries, one house property, other sources (Interest etc.), and agricultural income upto Rs.5 thousand.
Required Documents:
- Form 16: This is a certificate provided by your employer that summarizes your salary, taxes deducted, and other details.
- Bank Statements: Copies of bank statements for all savings and current accounts held during the financial year.
- Aadhaar Card: The unique identification number issued by the Indian government is required for identity verification.
- PAN Card: The Permanent Account Number (PAN) card is necessary for tax-related transactions and identification purposes.
- TDS Certificates: If you have earned interest income or received any income where tax has been deducted at source, you will need TDS certificates.
- Details of Investments: Provide details of investments made during the financial year, such as shares, mutual funds, bonds, or any other investments eligible for tax deductions.
- Property Details: If you own multiple properties or have income from house property, provide details such as addresses, ownership type, and rental income earned.
- Other Income Documents: Include any additional income documents such as interest earned from savings accounts, rental income, or income from other sources.