ITR for Salaried Individuals

## Who Can File ITR-1 SAHAJ? ITR-1 SAHAJ is the simplest Income Tax Return form for salaried individuals in India. It is available for resident individuals whose total income for AY 2026-27 consists only of salary or pension from one employer. It is also available for income from one self-occupied or let-out house property. It is available for other sources such as interest from savings accounts, fixed deposits, or dividends. It does not cover capital gains, business income, profession income, foreign assets, or multiple house properties. **The ₹50 lakh ceiling** is the most important threshold on this form. It applies to your total income across all three heads combined. If you have salary of ₹42 lakh, interest income of ₹5 lakh, and a let-out property showing ₹4 lakh profit, your total is ₹51 lakh. This is above the ITR-1 SAHAJ ceiling, and you must file ITR-2 instead. The ceiling is not per head of income. It is the sum of everything you report. **Form 16 is the starting point.** Your employer deducts TDS based on your declared investments. The employer declares your salary income, professional tax, and deductions in Form 16. You receive a Part A (TDS certificate) and Part B (salary breakup). FinTax24 reconciles your Form 16 with your Form 26AS and Annual Information Statement (AIS) to identify any TDS mismatches before filing. Mismatches are the most common reason refunds are delayed or notices are issued under Section 143(1)(a). **Deduction planning** under Sections 80C to 80U is built into the filing. Key limits: ₹1.5 lakh under Section 80C (LIC, PPF, EPF, home loan principal, tuition fees), ₹50,000 under Section 80CCD(1B) for NPS contributions, ₹25,000 to ₹1,00,000 under Section 80D for mediclim (higher for senior citizens), and Section 80G for donations. If you have a home loan, Section 24(b) allows deduction of up to ₹2 lakh on self-occupied property interest. **House property reporting** in ITR-1 SAHAJ covers one property only. Self-occupied property gets the standard 30% maintenance deduction. It also gets interest deduction up to ₹2 lakh. Let-out property requires rental income declaration with corresponding expenses. If you have a home loan on a self-occupied property with no rental income, the interest deduction under Section 24(b) is capped at ₹2 lakh. Excess interest is not deductible. **Due date for AY 2026-27 is 31 July 2026.** Late filing under Section 139(4) attracts a fee of ₹1,000 if your income is up to ₹5 lakh. It attracts ₹5,000 if your income is above ₹5 lakh. Additionally, you cannot carry forward house property losses or other losses to subsequent years if the original return was not filed on time. Filing on time also keeps you eligible for the most favourable tax regime comparison under Section 139(5). FinTax24 files ITR-1 SAHAJ for salaried employees across Gujarat. This includes Bhavnagar, Surat, Ahmedabad, and Rajkot. Same-day e-filing and Aadhaar OTP verification are included.