Only New Tax Regime is supported
Form Details
Personal Info - Assessee Details
Personal Info - Address Details
Income From rent
To adjust the house rent income, kindly update the gross rent
received and the municipal taxes accordingly.
Income from other sources
| Description |
Amount |
|
Self-Assessment Or Advance
Taxes
Paid
| Sr. No. of Challan |
Date |
BSR code |
Amount |
Help
Who Should File ITR-1?
- Applicable to: Resident individuals with income up to ₹50 lakh
- Sources of income: Salary, one house property, and other sources (excluding
lottery or racehorses)
- Not for: Individuals with foreign assets, foreign income, or capital gains
- Best suited for: Salaried employees with straightforward tax profiles
Structure of Income in ITR-1
- Salary/Pension.
- One House Property.
- Other Sources (interest, deposits, etc.).
- Less: Deductions under Chapter VI-A.
- = Total Income → Tax as per slab rates.
Other Income Heads
- Salary/Pension: Report as per Form 16; claim standard deduction (₹75,000 AY
2025–26).
- House Property: Only one property; deduction for interest on housing loan
allowed.
- Other Sources: Interest income (SB a/c, FD, post office). Excludes lottery,
speculation, etc.
Deductions (Chapter VI-A)
- 80C: Investments/expenses up to ₹1.5 lakh.
- 80CCD(1B): NPS up to ₹50,000.
- 80D: Medical insurance (₹25,000 / ₹50,000 for senior citizens).
- 80TTA/80TTB: Savings interest deduction (₹10,000 / ₹50,000 for senior citizens).
- 80G: Donations to eligible institutions.
Interest Under section 234C is levied as per the following conditions
- Interest under section 234C is imposed when the advance tax paid during any instalment
falls
short of the required amount. Specifically, interest under section 234C for deferred
payment
of
advance tax instalments applies as follows:
- Interest
will be charged if:
- Advance tax paid by 15th June is less than 12% of the total advance tax
payable,
- Advance tax paid by 15th September is less than 36% of the total advance
tax
payable,
- Advance tax paid by 15th December is less than 75% of the total advance
tax
payable,
- Advance tax paid by 15th March is less than 100% of the total advance
tax
payable.
Limitations of this ITR-1 tax calculator and JSON generator
- A PDF document may be generated to provide tax calculation guidance. This information is
intended solely to offer an estimated overview of your taxes for ITR1. For a
comprehensive
understanding of the details reported and to ensure compliance with applicable
regulations,
please consult a qualified tax consultant or Chartered Accountant.
- A single bank account can be designated as the refund account.
- The form supports up to four advanced tax payments, such as self-assessment tax.
- Only the essential components of ITR1 are included, specifically salary income, and
income from other sources. Please note that income from
lotteries
etc. and similar sources of income,
and
long-term capital gains (LTCG) are not supported.
- Interest calculations under Sections 234B and 234C are available; however, these
calculations
may vary slightly from those generated by the income tax department’s internal systems.
It
is
strongly recommended to consult a tax advisor or chartered accountant (CA) for final tax
computations.
- This form provides an estimated calculation of your ITR1 taxes.
- This tool processes tax calculations and manages form operations such as loading,
reloading,
and
saving, more efficiently than standard ITR1 tax calculators.
To copy the JSON, select the "Copy JSON to clipboard" button. You may then paste the
JSON text into any JSON editor, such as Notepad or Notepad++, and format it as needed for
optimal viewing.
The tree view presented on this tab provides a clear and organized visualization of the data
structure.
Copied
The following JSON schema is utilized to generate the JSON for ITR 1. The
generated JSON may be validated against this schema at any time.