Revised ITR-1 (Sahaj) Form for AY 2025-26 Explained

The Income Tax Department updated the ITR-1 (Sahaj) form for people to file their taxes for the 2025-26 assessment year, covering income from the financial year 2024-25.

This form is for residents with simple income, like salaries, interest, and dividends, up to ₹50 lakh, including some agricultural income and long-term capital gains.

It's like a simple tax form for those with basic income sources, making it easier to file.

However, people who are company directors, have income from a business, or have complex investments cannot use this form.

The update simplifies tax filing for smaller investors.