• Webpages
  • Documents
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment

For NRI Customers

(To Buy a Policy)

(If you're our existing customer)

For Online Policy Purchase

(New and Ongoing Applications)

Branch Locator

For Existing Customers

(Issued Policy)

Fund Performance Check

ITR1 Sahaj Form – How to file ITR 1 online

January 08, 2019
Taxation in India is a very elaborate mechanism and for a better structuring of the taxation affairs, the various slabs and the documentations involved have been clearly listed. Various groups have been listed and documentation has been arranged accordingly so ht tax payers can easily file the returns. For persons who have an income of up to Rs 50 La, ITR1 form has been mandated. It is generally also referred to as "Sahaj" and is actually a one page form for a defined slab of tax payers.

The income sources that are defined as applicable for ITR1 form are as under:

  1. Salary (monthly income) or annuity (like pension etc.)
  2. Earning in the form of rent from owned property (single source)
  3. Earnest money from other sources (not the sources like lottery earnings, foreign deposits etc.)

Therefore, the categories of taxpayers who are not eligible for ITR1 form filing are:

  1. The persons who earn rent from two or more rented properties
  2. Have earnings from foreign deposits
  3. Have earnings from gambling (legal) or lottery etc.
  4. Persons who are filing returns for earnings from agricultural sources (more than Rs 5000) 
  5. Persons who are claiming exemption from taxes under Sections 90 or 90A or 91.

Before filing the returns through ITR1, there are certain documents that are required and must be kept ready before filling the form. These documents are listed below:

  1. Form 16
  2. Form 26AS
  3. PAN card
  4. Bank passbooks, FD documents etc.
  5. Documents pertaining to exemptions of the salary components under Section 80C or 80D.
  6. Note that the details like name etc on the bank documents must be the same as on your PAN card.

An ITR1 form is structured for various details related to income, taxes, exemptions, TDS (Tax deducted at Source) etc. A standard ITR1 form contains parts A, B, C, D, E for various details. Part A is for general information, part B for mentioning the income (gross income), while part C is for mentioning the deductions and the portion of salary that is taxable. Parts D and E are where the payable tax and additional information is mentioned, respectively.

Schedule TDS is where the details of TDS have to be mentioned and schedule IT is where the information related to tax payments (any self-assessed or advanced) has to be submitted.

Due to digitization of the commercial activities, ITR1 can be easily filed online. For this:

  1. Log in to the e-filing application online
  2. Click on "Prepare and submit ITR online"
  3. You will get the options of forms where you have to select ITR1and the year of assessment
  4. After filling the details, upload the digital signature certificate and click on "submit"
  5. Once you have submitted the form, the detailed receipt of the same will be displayed on the screen.
  6. Take a printout of the displayed receipt /ITR V form.

Find our tax saving calculator if you want to save your income tax. HDFC Life offers HDFC Life Click 2 Invest ULIP (Unit Linked Insurance Plan) that gives tax benefits under Sections 80C and 10D of the Income Tax Act. For details, click on the mentioned link: https://www.hdfclife.com/savings-plans/sanchay-plus.

Plan income tax

Show Full Article
Hide Full Article
Francis Rodrigues Francis Rodrigues

Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.

LinkedIn profile

Author Profile Written By:
Vishal Subharwal Vishal Subharwal

Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.

LinkedIn profile

Reviewed By Reviewed By:
HDFC life
HDFC life

HDFC Life

Reviewed by Life Insurance Experts

HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER

We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.