Income Tax return Form – I Filing

Income Tax return Form – I Filing

Anyone living in the area and earning up to Rs. 50,000,000 from their wage, one residential property, and other sources such as interest, may apply. Additionally, those with income from agriculture up to Rs. 5,000 will utilize this ITR-1 to file their income taxes.

Who is eligible to file ITR-1

• Income from Salary/Pension
• Income from House Property
• Income from Other sources
• An individual – having above Rs.50 Lakhs cannot use this form Individuals are required to file an income tax return each year if they have taxable income of more than Rs.2.5 Lakhs