Returns and forms applicable for the Salaried Employees for the AY - 2022-2023
ITR - 1 (Sahaj) - Applicable for the Salaried Employees.
FAQS :
1.To Whom it is applicable ?
•	This return is applicable to the resident individuals (other than not ordinarily resident ).
2.What is the eligible limit ?
•	Those persons whose income limit is upto Rs.50 lakhs are eligible to file this return .
3.What type of income is covered under this ITR-1?
•	Those persons who have income from the following sources are covered in this category of returns .Those are as follows
•	Salary or Pension
•	One House Property 
•	Other sources(Interest , family Pension , Dividend )
•	Agriculture Income upto Rs.5000
ITR 1 cannot be used by the persons who 
•	 is a director in a company .
•	 has held any unlisted equity shares at any time during the previous year.
•	 has any asset(including financial interest in any entity ) located outside India.
•	 has a signing authority in any account located in any country located outside India.
•	 has income from any source located outside India.
•	 is a preson in whose case tax has been deducted u/s 194N.
•	 is a person in whose case payment or deduction has been deferred on ESOP.
•	 who has any brought forward loss or loss to be carried forward under any head of income .
5.What is the basic exemption limit applicable for the individuals whose age is upto 60 years?
•	Those persons whose age limit is upto 60 years , the basic exemption limit applicable is Rs.2,50,000.
6.What are the tax rates applicable for the individuals whose age is upto 60 years?
•	Tax rates are as follows.
•	Income limit  :                                                Tax rates applicable 
•	upto Rs.2,50,000                               -                      Nil rate
•	Rs.2,50,001 to Rs.5,00,000          -                           5%          
•	Rs.5,00,001 to Rs.10,00,000       -                          20%
•	Rs.10,00,001 And above                 -                         30%
7.What is the basic exemption limit applicable for the individuals whose age is more than 60 years but upto 80 years?
•	Those persons whose age limit is more than 60 years but upto 80 years, the basic exemption limit applicable is Rs.3,00,000.
8.What are the tax rates applicable for the individuals whose age is more than 60 years but upto 80 years?
•	Tax rates are as follows.
•	Income limit  :                                                Tax rates applicable 
•	upto Rs.3,00,000                               -                      Nil rate
•	Rs.3,00,001 to Rs.5,00,000          -                           5%          
•	Rs.5,00,001 to Rs.10,00,000       -                          20%
•	Rs.10,00,001 And above                 -                         30%
9.What is the basic exemption limit applicable for the individuals whose age is more than 80 years ?
•	Those persons whose age limit is more than 80 years , the basic exemption limit applicable is Rs.5,00,000.
10.What are the tax rates applicable for the individuals whose age is more than 80 years ?
•	Tax rates are as follows.
•	Income limit  :                                                Tax rates applicable 
•	upto Rs.5,00,000                               -                      Nil rate
•	Rs.5,00,001 to Rs.10,00,000         -                          20%
•	Rs.10,00,001 And above                  -                         30%
11.What if the individual opt for 115BAC whose age is upto 60 years ?
•	Tax rates are as follows.
•	Income limit  :                                                   Tax rates applicable 
•	upto Rs.2,50,000                                 -                         Nil rate
•	Rs.2,50,001 to Rs.5,00,000             -                                5%          
•	Rs.5,00,001 to Rs.7,50,000             -                               10%
•	 Rs.7,50,001 to Rs.10,00,000         -                                15%
•	Rs.10,00,001 to Rs.12,50,000         -                               20%
•	Rs.12,50,001 to Rs.15,00,000         -                                25%
•	Rs.15,00,001 And above                    -                               30%
12.What if the individual opt for 115BAC whose age is is more than 60 years but upto 80 years?
•	Tax rates are as follows.
•	Income limit  :                                                   Tax rates applicable 
•	upto Rs.3,00,000                                 -                         Nil rate
•	Rs.2,50,001 to Rs.5,00,000             -                                5%          
•	Rs.5,00,001 to Rs.7,50,000             -                               10%
•	 Rs.7,50,001 to Rs.10,00,000         -                                15%
•	Rs.10,00,001 to Rs.12,50,000         -                               20%
•	Rs.12,50,001 to Rs.15,00,000         -                                25%
•	Rs.15,00,001 And above                    -                               30%
13.What if the individual opt for 115BAC whose age is is more than more than 80 years ?
•	Tax rates are as follows.
•	Income limit  :                                                   Tax rates applicable 
•	upto Rs.5,00,000                                 -                         Nil rate
•	Rs.5,00,001 to Rs.7,50,000             -                               10%
•	 Rs.7,50,001 to Rs.10,00,000         -                                15%
•	Rs.10,00,001 to Rs.12,50,000         -                               20%
•	Rs.12,50,001 to Rs.15,00,000         -                                25%
•	Rs.15,00,001 And above                    -                               30%