ITR-1 Return Filing

You are eligible if:

An individual whose income is less than or equal to 50 lakhs can file ITR 1 form. Also, the individuals whose earnings are from the below-mentioned sources can file:

Salaried person
1. Wages
2. Pension
3. Annuity
4. Advance salary paid
5. Leave Encashment
6. Fee, prerequisites, commission, profits besides or in lieu id the salary or wages
7. Transferred balance and annual accretion in connection to the recognized provident fund
8. Annual accretion to the recognized provident fund
9. According to Section 80 CCD of the Income Tax Act, the contribution from the central govt. or employer to the pension account.
10. Revenue from one house property or the income from business or profession.
11. Other sources (doesn’t include the income earned from gambling, games, winning the lottery, etc.)
12. Income from Agriculture (Up to Rs. 5000)

You aren’t eligible if:

An individual whose income is more than 50 lakhs, a member of director board who has non-recorded equity shares during the period of the financial year, non-residents and unordinary residents.

Also, the individuals whose earnings are from the below-mentioned sources can file:

1. Owning more than one house property.
2. Income earned from gambling, games, winning the lottery, etc.
3. Short-term and long-term taxable capital gains.
4. Income from agriculture (more than 5000)
5. Indian resident with foreign assets or associated with any accounts outside India.
6. According to under Section 90/90A/91, an individual claiming relief of foreign tax paid or double taxation relief

Documents required

1. Form 16
2. Salary slips
3. Interest Certificates from the Post offices and Banks
4. Form 16A/16B/16C
5. Form 26AS
6. Tax saving investment proof
7. Deduction under the Section 80 D to 80 U
8. Home Loan statement from the NBFC or the Bank
9. Capital Gains.