• Income from Salary/ Pension; or

• Income from One House Property (excluding cases where loss is brought forward from previous years); or

• Income from Other Sources (excluding Winning from Lottery and Income from Race Horses)

• Agricultural income up to Rs.5000.

Who cannot use ITR 1 Form?

• Total income exceeding Rs.50 lakh

• Agricultural income exceeding Rs 5000

• If you have taxable capital gains

• If you have income from business or profession

• Having income from more than one house property

• If you are a Director in a company

• If you have had investments in unlisted equity shares at any time during the financial year

• Owning assets (including financial interest in any entity) outside India) if you are a resident, including signing authority in any account located outside India

• If you are a resident not ordinarily resident (RNOR) and non-resident

• Having foreign assets or foreign income

• If you are assessable in respect of income of another person in respect of which tax is deducted in the hands of the other person.