All About Form ITR-1 (SAHAJ) for AY 2020-21

Any person falling under the purview of the Income Tax Act, 1961 has to pay tax on the income earned in a particular financial year. The person (commonly referred to as “assessee”) could be an individual, partnership, Hindu Undivided Family or any other business entity.

The categorization in taxpayers has been done to ease the compliances. Each category of taxpayer has to compute the taxable income in the manner as laid down in the Income Tax Act, 1961. Post computation, Income Tax Return is filed in the Form applicable to that category of taxpayer.

FIN BASIC

(including taxes)
₹149

For Individuals having salary less than Rs. 5 Lacs

FIN PREMIUM

(including taxes)
₹1499

For Individuals having salary above 10 Lacs

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