close

ITR 1 Income Tax Return Filings in TamilNadu

ITR-1 Income Tax Filing

What is ITR-1 Income Tax Filing ?

ITR-1 SAHAJ form is the most widely used form by Individuals to file their Tax Returns with the Income Tax Department of India. Individuals who have their income within ₹ 50 Lakhs and have earned their Income for the Financial Year through Salary or Pension, only one House Property and other sources excluding lottery, racehorses, legal gambling etc are eligible to file their IT Return using ITR-1.

Assesses who have income from foreign assets, agricultural income that exceeds Rs. 5000, Income from Business or Profession and Income from more than one house property are not eligible to file using ITR-1 Form.

At Redback, we are continuously available to help you understand how to register a Income Tax Filing.

We Serve Everywhere

It is one stop business setup and consulting company, managed by specialized team of Business Analysts,Company Secretaries, Chartered Accountants, Corporate Lawyers and Financial Professionals company headquartered in Chennai, India. Having known for our quality of services, delivering the projects on time, we have clients spread across the globe. We are committed to delivering value to our clients and ensuring long term success. Reach out to us to improve your business in global market, innovation ,reduce costs, implement new techniques, manage risk and governance. For us, the most important differentiator is not ‘what’ we do, but ‘how’ we do it.

Who can use ITR-1 Form ?

ITR-1 must be filed by individuals whose source of income is limited to Salary/Pension, One House Property and other sources (Excluding winning from lottery and race horses).

Who should not file ITR-1 Form ?

ITR-1 form should not be filed for below cases : Income that exceeds Rs. 50 Lakhs Assessee has Taxable Capital Gains Assessee has any of the below sources of income : Income from foreign assets Agricultural income that exceeds Rs. 5000 Income from Business or Profession Income from more than one house property

When should ITR-1 be filed ?

When should ITR-1 be filed ?
Income from Salary/ Pension
Income from just one house property
Income from other sources excluding Winning from Lottery, Race Horses, income from foreign assets, Capital Gains, Business or Profession, Agricultural income that exceeds Rs. 5000.

What is the due date for filing ITR-1 Form ?

ITR-1 form must be filed by individuals and HUFs on or before 31st July of every year.

Registration Cost

All Inclusive Pricing - No Hidden Fee

Basic

2899

All inclusive fees

  • GST Registration
  • MSME Registration
  • Bank Current Account

Standard

5899

All inclusive fees

  • GST Registration
  • MSME Registration
  • Bank Current Account
  • LEDGERS Accounting Software
  • EQL Business Credit Card

Premium

10899

All inclusive fees

  • GST Registration
  • MSME Registration
  • Bank Current Account
  • EQL Business Credit Card
  • Trademark Filing

Request a call back.