✅ Who Can File ITR‑1 Now?
- Resident individuals (not HUFs, firms, companies)
- Total income up to ₹50 lakh
- Income sources include: salary/pension, one house property, other sources (interest, dividends), and agricultural income up to ₹5,000
- New: Long-term capital gains (LTCG) under Section 112A up to ₹1.25 lakh from listed equities or mutual funds – as long as there are no brought-forward or current capital losses en.wikipedia.org+15cleartax.in+15economictimes.indiatimes.com+15reddit.com+15india-briefing.com+15incometax.gov.in+15reddit.com+7incometax.gov.in+7economictimes.indiatimes.com+7
🚫 Who Still Can’t Use ITR‑1?
- If total income exceeds ₹50 lakh
- If you have more than one house property
- Business or professional income
- Holding unlisted equity shares
- Having foreign assets/income or signing authority over foreign accounts
- Being a director of a company
- Having short-term capital gains, or capital gains over ₹1.25 lakh
- Non‑resident or RNOR status reddit.comreddit.com+3financialexpress.com+3financialexpress.com+3india-briefing.com+4incometax.gov.in+4cleartax.in+4
📋 What’s New in the Form & Utility?
- LTCG inclusion up to ₹1.25 lakh in ITR‑1/4 economictimes.indiatimes.com
- Mandatory entry of the specific TDS section for all TDS deductions reddit.com+6indiafilings.com+6economictimes.indiatimes.com+6
- Excel utility updates:
- New validation rules for HRA, home loan, EV loan, rent, etc.
- Additional detail disclosures for deductions claimed under the old tax regime economictimes.indiatimes.com+2timesofindia.indiatimes.com+2economictimes.indiatimes.com+2economictimes.indiatimes.combusinesstoday.in+12cleartax.in+12timesofindia.indiatimes.com+12
- Aadhaar enrolment ID is no longer accepted—you must use the actual Aadhaar number cleartax.in+1indiafilings.com+1
- Assets & liabilities reporting threshold raised to those with gross income over ₹1 crore economictimes.indiatimes.com+4cleartax.in+4indiafilings.com+4
🗓️ Important Deadlines & Regime Option
- ITR-1 e‑filing deadline: 31 July 2025 for non‑audit cases incometax.gov.in+7businesstoday.in+7business-standard.com+7
- Tax Regime choice: The new regime is default. To use the old regime (and claim deductions like 80C/80D/HRA), you’ll need to opt-in during e‑filing timesofindia.indiatimes.com+2reddit.com+2timesofindia.indiatimes.com+2
🧩 Summary: Who Should Use ITR‑1 in 2025?
| Condition | Yes/No | Notes |
|---|---|---|
| Income ≤ ₹50 lakh | ✔️ | Maximum eligibility |
| LTCG (112A) ≤ ₹1.25 lakh | ✔️ | Allowed in ITR‑1 now |
| No business income | ✔️ | Only salary, one house, etc. |
| No foreign assets/income | ✔️ | Still restricts eligibility |
| No director/unlisted shares | ✔️ | Excludes form usage |
🔍 What You Should Do
- Choose ITR‑1 if your situation fits the updated criteria—especially if you have modest LTCG
- Review the updated Excel utility thoroughly (for deductions, TDS section, loans/rent)
- Decide early on new vs old regime based on which yields better tax savings economictimes.indiatimes.comeconomictimes.indiatimes.com+13indiafilings.com+13economictimes.indiatimes.com+13economictimes.indiatimes.com+5reddit.com+5financialexpress.com+5incometax.gov.in+1economictimes.indiatimes.com+1timesofindia.indiatimes.comindiafilings.com+3business-standard.com+3economictimes.indiatimes.com+3timesofindia.indiatimes.com+1timesofindia.indiatimes.com+1
- Ensure you have your valid Aadhaar number, Form 16, interest certificates, and TDS/AIS data ready.
Would you like a step-by-step guide on filling ITR‑1 using the e‑filing portal, or help choosing the best tax regime for your case?
FILL THE GOOGLE FORM FOR ITR 1 FULL DETAILS FILLING
LINK 👉 ️WWW.GOOGLE.COM
Latest on ITR‑1 for FY 2024‑25
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ITR filing FY 2024-25: How can taxpayers switch between old and new income tax regimes? Explained