METAFILING ONLINE SERVICES

Get 20% off this month when you try our services!

METAFILING ONLINE SERVICES

9695963576

9695963576

Online Income Tax Return (ITR) Form-1

Individual salaried taxpayers with annual income exceeding INR 50 Lacs

  • Ascertaining the appropriate method to file ITR

  • Understanding the relevant documents for filing ITR purposes

  • Correctly computing the taxable amount

  • Seamlessly Filing ITR

Get Started!


Understanding Form ITR – 1 SAHAJ Filing

Income Tax Department of India has classified taxpayers into several categories based on their income and sources of income. The department has also assigned a specific form to each category for filing their annual Income Tax Returns (ITR). For salaried class taxpayers having an annual income within INR 50 Lakhs, a short and simple form ITR-1 SAHAJ has been allocated.

Individuals receiving income from following sources are required to file their ITR through ITR-1 SAHAJ:

  • Earning through Salary or Pension
  • Income from one house property (excluding the cases where loss incurred is carried forward)
  • Earning through other sources (excluding lottery, legal gambling, and other such un- lawful activities)
Individuals’ earnings through below mentioned sources are not eligible to file their ITR through ITR-1 SAHAJ:
  • Having two or more than two housing properties
  • Income from taxable capital gains
  • Income exceeding over INR 5000 on agricultural activities
  • Gains from Lotteries or Race- Horses
  • Income from a business or a profession
  • Income from foreign assets

All annual ITRs through Form ITR- 1 must be filed by July 31.

Pocket-Friendly Options

Basic License

  • ITR filing for an individual with salary income of less than INR 5 Lacs.
INR 599/-

State License

  • ITR filing for an individual with salary income of less than INR 10 Lacs.
INR 789/-

Central License

  • ITR filing for an individual with salary income of more than INR 10 Lacs.
INR 989/-

Knowledge Arena

Be our guest to browse the Knowledge Arena by Metafiling and widen your knowledge-base.

Metafiling always strive to enhance the understanding of our patrons on the Nation’s consistently modifying compliance environment. Our well-informed team of partners has diligently compiled numerous articles, guides, videos, and much more that you can browse anytime at your ease.