The ITR-1 (Sahaj) form can be filed by resident individuals who meet the following criteria for the Assessment Year 2025-26:
- Total income does not exceed ₹50 lakh.
- Income sources include salary, one house property, income from other sources like interest (including family pension), dividends, and agricultural income up to ₹5,000.
- Long-term capital gains (LTCG) from listed equity shares and equity mutual fund units up to ₹1.25 lakh.
- The individual should be ordinarily resident in India.
Those who cannot file ITR-1 include individuals who:
- Have income from more than one house property.
- Have agricultural income exceeding ₹5,000.
- Have income from business or profession.
- Are Non-Resident Indians (NRI) or Resident but Not Ordinarily Resident (RNOR).
- Have capital gains exceeding the specified limits (e.g., LTCG over ₹1.25 lakh).
- Have income from lottery, racehorses, legal gambling etc.
- Are directors in companies or have income from unlisted shares.
- Have total income exceeding ₹50 lakh.
In summary, ITR-1 is meant for resident individuals with relatively simple income sources, mainly salary, one house property, limited other income sources, and small amounts of agricultural income or LTCG within specified limits. More complex income types require other ITR forms like ITR-2 or ITR-3.
