ITR-1 Filing AY 2025-26

File your ITR-1 for AY 2025-26 easily with expert support. Fast, secure, and hassle-free income tax return filing for salaried individuals. Avoid penalties and stay compliant—start your ITR-1 filing AY 2025-26 today with confidence!

Pricing Summary

For AY 2025-26
999/-
  • Computation
  • ITR acknowledgment
  • Filed ITR form

ITR-1 Filing for AY 2025-26

It’s that time of the year again when we talk about Income Tax Returns (ITR). Specifically, let’s look at ITR-1 filing for AY 2025-26, which is for the income you earned between April 1, 2024, and March 31, 2025.

What is ITR-1 (Sahaj)?

ITR-1, also known as Sahaj, is the simplest income tax return form. It’s designed for individuals who have straightforward income sources. Think of it as the go-to form for many salaried employees.

Who can use ITR-1 for AY 2025-26?

You can generally file ITR-1 for AY 2025-26 if you are a Resident Indian (not ordinarily resident) and your total income is up to Rs. 50 lakhs. This income should come from:

  • Salaries or Pension: Your regular pay from your job or pension.
  • One House Property: Income from a single house you own (rental income, for example).
  • Other Sources: This includes interest from bank accounts, fixed deposits, etc., and family pension. However, it does NOT include winnings from lotteries or income from racehorses.
  • Agricultural Income: If your agricultural income is up to Rs. 5,000.
  • Certain Capital Gains: A new change allows you to use ITR-1 even if you have long-term capital gains (LTCG) from listed shares or mutual funds up to Rs. 1.25 lakh, provided there are no losses to carry forward.

Who cannot use ITR-1?

ITR-1 is not for everyone. You cannot use it if:

  • Your total income is more than Rs. 50 lakhs.
  • You have income from more than one house property.
  • You have income from business or a profession.
  • You have taxable capital gains (other than the specific LTCG mentioned above).
  • You are a Director in a company.
  • You have unlisted equity shares.
  • You have any assets outside India or signing authority in foreign accounts.
  • You are a Resident Not Ordinarily Resident (RNOR) or a Non-Resident.

ITR 1 Filing Fee

(Salary ITR Filing)
999/-
  • ITR acknowledgment
  • Filed ITR form

Documents Require for ITR 1 Filing

ITR-1 Filing Last Date for AY 2025-26

The due date for filing ITR-1 for AY 2025-26 for individuals who do not require an audit has been extended to September 15, 2025. It’s always best to file your return well before the deadline to avoid any last-minute stress or penalties.

Choosing Your Tax Regime

For AY 2025-26, the New Tax Regime is the default option. This regime offers lower tax rates but fewer deductions and exemptions. However, you can still choose to opt for the Old Tax Regime if you wish to claim various deductions like those under Section 80C (for investments like PPF, ELSS, etc.), HRA, etc. You will need to explicitly select this option when filing your return.

Why timely ITR-1 filing matters?

Filing your ITR on time is crucial. It helps you:

  • Avoid Penalties: Late filing can attract fines and interest on any unpaid tax.
  • Claim Refunds: If you are due a refund, filing on time ensures you receive it promptly.
  • Carry Forward Losses: If you have certain losses, filing on time allows you to carry them forward to offset future income.
  • Loan Applications: Your ITR is often required as proof of income for loan applications.

Remember, keeping your financial records organized makes the filing process much smoother. For personalized assistance with your tax and compliance needs, consider reaching out to experts. As you know, Setupfiling.in provides comprehensive services including Income Tax Return Filing and other tax compliance solutions, helping entrepreneurs and their families with all their CA, CS, and legal work under one platform.

ITR-1 Filing Opened for AY 2025-26

Don't wait until the last minute! The extended due date for ITR-1 filing for AY 2025-26 is September 15, 2025.

Call: +91 9818209246