Question 1

Who is eligible to file ITR-1 (Sahaj) in India?

Accepted Answer

ITR-1 is for resident individuals who have a total annual income up to ₹50 Lakhs from salary or pension, one single house property, other sources (such as bank interest, fixed deposits, or family pension), and agricultural income up to ₹5,000. Our tax experts review your Form 16 and AIS to confirm whether ITR-1 is the correct form for you.

Question 2

Can I file ITR-1 if I have capital gains from shares, mutual funds, or crypto?

Accepted Answer

No. If you have any capital gains or losses from selling shares, mutual funds, gold, property, or virtual digital assets (crypto), you are strictly prohibited from using ITR-1 and must file ITR-2 or ITR-3 instead. Filing ITR-1 with unreported stock trades will trigger a Section 139(9) defective return notice. TaxQue identifies this automatically and routes you to the proper ITR.

Question 3

What is the statutory due date for filing my ITR-1 return?

Accepted Answer

The statutory deadline for non-audit individual taxpayers is 31st July of the assessment year (e.g., 31st July 2024 for AY 2024-25). If you miss the July deadline, you can still file a Belated Return under Section 139(4) by 31st December, subject to a late fee under Section 234F.

Question 4

What are the penalties if I miss the 31st July ITR filing deadline?

Accepted Answer

Under Section 234F, missing the 31st July due date incurs a mandatory statutory late filing fee of ₹5,000 (reduced to ₹1,000 if your total taxable income is below ₹5 Lakhs). Additionally, you will be charged 1% per month interest on any unpaid tax balance under Section 234A. TaxQue files your return well in advance to prevent all penalties.

Question 5

Who will prepare and file my ITR-1 return at TaxQue?

Accepted Answer

Your return is prepared by a dedicated tax expert and personally verified by a practicing Chartered Accountant. We do not leave your return to unassisted automation; a CA verifies your deductions, checks AIS/TIS figures, and ensures zero calculation errors.

Question 6

How do I choose between the New Tax Regime and the Old Tax Regime for ITR-1?

Accepted Answer

The New Tax Regime (Section 115BAC) is the default regime with lower tax slab rates but allows only the standard ₹50,000 deduction. The Old Regime has higher slab rates but allows Chapter VI-A deductions (80C, 80D, HRA, home loan interest). Our tax optimizer automatically compares both regimes against your income to recommend the option that gives you the highest refund.

Question 7

What documents do I need to share to file ITR-1?

Accepted Answer

You only need your Form 16 from your employer, your PAN card, Aadhaar card, bank statements showing interest earned, and proof of any tax-saving investments (like 80C, health insurance 80D, or home loan interest certificate) if opting for the Old Regime. You can upload them in seconds on our portal.

Question 8

What is AIS and TIS, and why must they match my ITR-1?

Accepted Answer

The Annual Information Statement (AIS) and Taxpayer Information Summary (TIS) reflect all financial transactions reported to the Income Tax Department by banks and employers, including savings interest, dividend receipts, and high-value credit card spends. Failing to report bank interest shown in AIS triggers automated scrutiny notices under Section 143(1)(a). We reconcile AIS before filing.

Question 9

Can I claim a refund for excess TDS deducted by my employer or bank?

Accepted Answer

Yes. If the total TDS deducted from your salary or bank interest exceeds your actual calculated tax liability, filing ITR-1 is the only legal way to claim your refund. The Income Tax Department credits the refund amount with interest under Section 244A directly to your pre-validated bank account.

Question 10

Can I file ITR-1 if I have multiple Form 16s from changing jobs in the year?

Accepted Answer

Yes, but you must be careful. When you switch employers in a single financial year, both employers often apply the basic tax exemption and standard deduction, leading to double-counting and short-deducted TDS. TaxQue consolidates all Form 16s, recalculates your combined tax liability, and prevents unexpected tax demand notices.

Question 11

Is e-verification mandatory after filing ITR-1?

Accepted Answer

Yes. After filing your return, you must e-verify it within 30 days using Aadhaar OTP, NetBanking, or Demat account. If not e-verified within 30 days, your return is treated as invalid and non-existent under tax law. TaxQue helps you complete instant Aadhaar OTP e-verification.

Question 12

Can I file ITR-1 if I am a Director in a company or hold unlisted equity shares?

Accepted Answer

No. Under Rule 12 of Income Tax Rules, any individual who is a Director in an Indian company or who held unlisted equity shares at any time during the previous year cannot file ITR-1 and must file ITR-2 or ITR-3. TaxQue verifies your directorship status before choosing your form.

Question 13

What if I discover an error after my ITR-1 is already filed?

Accepted Answer

Under Section 139(5), you can file a Revised Return at any time before 31st December of the assessment year (or before completion of assessment) without paying any penalty. TaxQue files your revised return seamlessly.

Question 14

How long does it take for the Income Tax Department to process my ITR-1 refund?

Accepted Answer

Once e-verified, standard ITR-1 returns are processed by the Centralized Processing Centre (CPC) within 10 to 30 days, after which the refund is credited directly via ECS into your pre-validated bank account. We track your CPC intimation until your refund arrives.

Question 15

Can an NRI (Non-Resident Indian) file ITR-1?

Accepted Answer

No. ITR-1 is strictly reserved for Resident and Ordinarily Resident (ROR) individuals. NRIs and RNOR individuals must file ITR-2 even if their only Indian income is from salary or bank interest. We guide NRIs on the appropriate foreign asset schedules.

Question 16

What post-filing support does TaxQue provide for ITR-1?

Accepted Answer

We verify your official Section 143(1) Intimation Order upon CPC processing, check refund computation accuracy, and assist with any rectification requests under Section 154 at zero additional charge.

Feature & Deliverable Matrix	Basic	Standard★ Most Popular	Premium
Complete Form 16, AIS, TIS & 26AS Tax Credit Verification	✓	✓	✓
Accurate Income Computation & Deductions Review (80C, 80D, HRA)	✓	✓	✓
Optimal Tax Regime Selection (New vs Old Regime Comparison)	✓	✓	✓
Official Income Tax Department e-Filing & ITR-V Acknowledgment	✓	✓	✓
Automated Refund Tracking & CPC Intimation Verification	✓	✓	✓
Assigned Senior Chartered Accountant (CA) Tax Specialist	—	✓	✓
Capital Gains (Stocks, Crypto, Property) & Loss Carry-Forward Review	—	✓	✓
Business Balance Sheet & Profit & Loss Statement Scrutiny	—	✓	✓
Section 143(1) Intimation Verification & Defect Rectification Support	—	✓	✓
Comprehensive Multi-Year Tax Planning & Financial Structuring	—	—	✓
Defense & Legal Drafting for Scrutiny Notices (Section 148 / 142(1))	—	—	✓
Advance Tax Estimation & Quarterly Payment Scheduling	—	—	✓
Direct One-on-One Tax Consultation with Senior Partner	—	—	✓

Document Category	Specific Documents Required	Verification Notes
Employment Proofs	Form 16 (Part A with TDS details & Part B with salary breakdown)	Issued by employer with valid digital sign
Bank & Interest Certificates	Savings bank passbooks / statements, FD interest certificates, Form 16A	Reconciled with AIS interest totals
Deduction Proofs (For Old Regime)	Life Insurance (LIC), PPF, ELSS, NPS (80CCD), Health Insurance (80D), Tuition Fees	Must fall within the relevant financial year
Housing & Loan Proofs	Home Loan Interest & Principal Certificate, Rent Receipts with Landlord PAN (for HRA)	For claiming Section 24(b) and 10(13A) relief

Filing Milestone	Statutory Due Date	Statutory Penalty for Default
Standard Timely Filing	31st July of the Assessment Year	Nil penalty + timely processing of tax refunds
Belated Return (Section 139(4))	31st December of the Assessment Year	₹5,000 late fee under Section 234F (₹1,000 for income < ₹5L) + 1% pm interest Sec 234A
Revised Return (Section 139(5))	31st December of the Assessment Year	To correct errors in original return without penalty
Updated Return (ITR-U)	Up to 24 months from end of relevant AY	Additional tax liability: 25% (Year 1) or 50% (Year 2)

Income Slab	New Tax Regime (Default Sec 115BAC)	Old Tax Regime (Optional)
Up to ₹3,00,000	NIL (Standard Deduction ₹75,000)	NIL (Up to ₹2.5L / ₹3L for Senior Citizens)
₹3,00,001 to ₹7,00,000	5% (Full Tax Rebate under 87A up to ₹7 Lakhs)	5% (Tax Rebate under 87A up to ₹5 Lakhs)
₹7,00,001 to ₹10,00,000	10%	20%
₹10,00,001 to ₹12,00,000	15%	30%
₹12,00,001 to ₹15,00,000	20%	30%
Above ₹15,00,000	30%	30%

Feature	TaxQue CA Service	Free DIY Automated Apps	Local Data Entry Operator
Regime Optimization	Deep comparative analysis with custom deductions modeling	Basic default selection without custom guidance	Manual computation prone to errors
AIS / 26AS Reconciliation	Line-by-line verification by CA before submission	Basic automated pull (often misses interest totals)	Often ignores AIS (triggers 143(1) notices)
Post-Filing Intimation Support	Free verification of CPC refund order	Zero post-filing support	Charges extra for any follow-up
Data Privacy & Security	Bank-grade 256-bit encryption (No data selling)	Monetizes user data to financial product lenders	Manual paper records at risk

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ITR-1 Filing

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Online ITR-1 (Sahaj) Income Tax Return Filing for Salaried Individuals

What is ITR-1 Filing?

Form 16 & AIS Discrepancy Notice

How to Get Started

Document Upload & AIS Auto-Matching

Regime Comparison & Deduction Maximizer

Portal e-Filing & Instant e-Verification

Documents Required for ITR-1 Filing

Statutory Deadlines & Penalties for ITR-1

Income Slabs & Exemption Limits (FY 2024-25 / AY 2025-26)

Why Choose ITR-1 Filing

Practicing CA Review for Every Return

Maximum Refund Guarantee

Free Section 143(1) Intimation Verification

Eligibility Checklist for ITR-1 Sahaj

1Eligible Salaried Individuals

2Ineligible Taxpayers (Must File ITR-2 / ITR-3)

TaxQue CA Service vs DIY Free Tax Filing Apps

Key Features of TaxQue ITR-1 Services

15-Minute e-Filing

Automated Refund Tracker

Form 16 Data OCR

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