Description
ITR-1 can be filed by a Resident Individual whose:
- Total income does not exceed ₹ 50 lakh during the FY
- Income is from salary, one-house property, family pension income, agricultural income (up to ₹5000/-), and other sources, which include:
- Interest from Savings Accounts
- Interest from Deposits (Bank / Post Office / Cooperative Society)
- Interest from Income Tax Refund
- Interest received on Enhanced Compensation
- Any other Interest Income
- Family Pension
- Income of Spouse (other than those covered under the Portuguese Civil Code) or Minor is clubbed (only if the source of income is within the specified limits as mentioned above).
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