ITR-1 Form Filing with Capital Gains
Hassle-Free Filing for Salaried Individuals and Pensioners with Tax Pal Solutions
At Tax Pal Solutions, we simplify ITR-1 Sahaj filing for salaried employees and pensioners, including long-term capital gains (LTCG) up to ₹1.25 lakh. Our experts ensure accurate reporting, full compliance, and faster refunds.
Why File ITR-1 with Tax Pal Solutions?
- Expert guidance on eligibility and form selection
- Error-free filing with auto-import of Form 16, 26AS, and capital gains statements
- Assistance with deductions and tax-saving calculations
- Quick e-verification for faster processing
- Trusted by thousands of salaried professionals across India
Key Details of ITR-1 Sahaj
| Particulars | Information |
|---|---|
| Applicable To | Individuals earning up to ₹50 lakh from salary, pension, one house property, other sources, and LTCG ≤ ₹1.25 lakh |
| Exclusions | Business income, multiple house properties, foreign assets, capital gains > ₹1.25 lakh, agricultural income > ₹5,000 |
| Mode of Filing | 100% Online (Income Tax Portal) |
| Verification | Aadhaar OTP, DSC, or Electronic Verification Code |
| Due Date (AY 2025-26) | 15th September 2025 (non-audit cases) |
| Penalty for Delay | ₹1,000 to ₹10,000 depending on income and filing date |
Benefits of Filing ITR-1 Online
- Saves Time: Complete filing in under an hour
- Faster Refunds: Direct bank credit within weeks
- Error-Free Filing: Auto-filled data reduces mistakes
- Valid Proof: Serves as income and address proof for loans or visas
- 100% Secure: Paperless, encrypted, eco-friendly process
- Anytime Access: File from mobile or laptop, 24x7
Eligibility for ITR-1
You can file ITR-1 if you:
- Earn salary or pension
- Own one house property
- Earn income from other sources like interest
- Have clubbed income (spouse/minor child) within allowed limits
- Have long-term capital gains up to ₹1.25 lakh under Section 112A
Who Cannot File ITR-1?
- Income above ₹50 lakh
- More than one house property
- Directors of companies or unlisted shares holders
- RNOR or non-resident individuals
- Business/professional income
- Capital gains exceeding ₹1.25 lakh
- Income from lotteries, gambling, or racehorses
- Agricultural income above ₹5,000
- Owners of foreign assets or foreign income
- Claiming foreign tax relief or ESOP deferred tax
- Income from cryptocurrency/VDAs
ITR-1 Form Structure
- Part A: General taxpayer details
- Gross Total Income: Salary, pension, one house property, other sources, LTCG ≤ ₹1.25 lakh
- Deductions (Chapter VI-A): 80C, 80D, 80G, etc.
- Tax Computation: Total income, tax payable, TDS, advance tax, refund
- Bank Details: Active accounts and refund account
- Verification: Declaration and e-verification
Major Changes for AY 2025-26
- LTCG up to ₹1.25 lakh allowed in ITR-1 under Section 112A
- Mandatory Section-wise deductions selection for accuracy
- Only valid 12-digit Aadhaar accepted for verification
- TDS Schedule updated with additional deduction section columns
Penalty for Late Filing
| Taxable Income | Penalty (u/s 234F) |
|---|---|
| Up to ₹5,00,000 | ₹1,000 |
| Above ₹5,00,000 (filed by 31st Dec) | ₹5,000 |
| Above ₹5,00,000 (filed after 31st Dec) | ₹10,000 |
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Additional 1% monthly interest on unpaid tax
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