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Deadline and late filing<\/h2>\n\n\n\n
The due date for filing ITR-1 for AY 2026-27 is 31 July 2026<\/strong>. Miss it and you can file a belated return until 31 December 2026, but with a late fee under Section 234F (\u20b91,000 if income is up to \u20b95 lakh, \u20b95,000 above that), 1% monthly interest under Section 234A on any unpaid tax, and the risk of being locked into the new regime. Filing on time is the simplest way to avoid all of that.<\/p>\n\n\n\nFrequently asked questions about ITR 1<\/h2>\n\n\n\n
What is ITR-1 (Sahaj)?<\/strong><\/p>\n\n\n\nITR-1, or Sahaj, is the simplest income tax return form for resident individuals with income from salary or pension, up to two house properties, interest income, agricultural income up to \u20b95,000, and limited long-term capital gains under Section 112A.<\/p>\n\n\n\n
Who can file ITR-1?<\/strong><\/p>\n\n\n\nResident individuals with total income up to \u20b950 lakh can file ITR-1 if their income comes only from permitted sources such as salary, pension, up to two house properties, interest income, agricultural income up to \u20b95,000, and eligible long-term capital gains under Section 112A.<\/p>\n\n\n\n
Can I file ITR-1 if I own two houses?<\/strong><\/p>\n\n\n\nYes. From AY 2026-27, taxpayers can report income from up to two house properties in ITR-1. If you own more than two house properties, you will generally need to file ITR-2.<\/p>\n\n\n\n
Can I report capital gains in ITR-1?<\/strong><\/p>\n\n\n\nYes, but only long-term capital gains under Section 112A from listed equity shares and equity mutual funds up to \u20b91.25 lakh. Short-term capital gains, higher long-term gains, or gains from assets such as property or gold require ITR-2.<\/p>\n\n\n\n
Is ITR-1 only for salaried people?<\/strong><\/p>\n\n\n\nNo. While ITR-1 is mainly used by salaried employees and pensioners, any resident individual who meets the eligibility conditions can file it.<\/p>\n\n\n\n
What is the last date to file ITR-1 for AY 2026-27?<\/strong><\/p>\n\n\n\nThe due date for filing ITR-1 for AY 2026-27 is 31 July 2026 for taxpayers not subject to audit. Belated returns can generally be filed up to 31 December 2026 with applicable late fees and interest.<\/p>\n\n\n\n
How do I file ITR-1 online?<\/strong><\/p>\n\n\n\nLog in to the income-tax e-filing portal, select AY 2026-27 and ITR-1, verify the pre-filled information, choose your tax regime, pay any tax due, submit the return, and complete e-verification within 30 days.<\/p>\n\n\n\n
Is ITR-1 or ITR-2 for salaried people?<\/strong><\/p>\n\n\n\nMost salaried taxpayers can file ITR-1. However, you may need ITR-2 if you have income above \u20b950 lakh, more than two house properties, foreign assets or income, certain capital gains, unlisted shares, or are a company director.<\/p>\n\n\n\n
Who files ITR-1, ITR-2, ITR-3 and ITR-4?<\/strong><\/p>\n\n\n\n\n- ITR-1:<\/strong> Resident individuals with simple income such as salary, pension, interest, and up to two house properties.<\/li>\n\n\n\n
- ITR-2:<\/strong> Individuals with capital gains, foreign assets, or other income that is not eligible for ITR-1, but no business income.<\/li>\n\n\n\n
- ITR-3:<\/strong> Individuals with business or professional income.<\/li>\n\n\n\n
- ITR-4:<\/strong> Small businesses and professionals opting for the presumptive taxation scheme, subject to eligibility conditions.<\/li>\n<\/ul>\n\n\n\n
What is the difference between ITR-1 and ITR-2?<\/strong><\/p>\n\n\n\nITR-1 is meant for resident individuals with relatively simple income and total income up to \u20b950 lakh. ITR-2 is required for taxpayers with more complex income situations, such as larger capital gains, more than two house properties, foreign assets or income, or total income exceeding \u20b950 lakh, but who do not have business income.<\/p>\n\n\n\n
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