ITR 1 form notification


What are the new points in ITR 1 Form from new notification? Please share the details.


Modifications Details in ITR 1 Sahaj Form

  • INR 50,000 standard deductions
  • No applicability on directors of any company
  • No applicability on individuals holding unlisted equity shares of any company
  • No changes in computation
  • ITR 1 & ITR 4 offline availability for senior-most citizens aged more than 80 years
  • Section wise return filing is segregated within the normal filing return and response to the notice
  • Salary bifurcation will be done as the standard deduction, entertainment allowance and professional tax
  • Pensioners column has been added in the nature of employment
  • Details of Employer like TAN of Employer (mandatory if tax is deducted), Name of employer, Nature of Employer), Address of Employer, Town/City, State, PIN/ ZIP Code has been inserted under the head income from salary.
  • Deletion of details of Return of Income filed in response to notice u/s 153A and 153C.
    • A new deduction of 80CCC, 80CCD(1), 80CCD(1B), 80CCD(2),
      80DD, 80DDB, 80E, 80EE, 80EEA, 80EEB, 80GG, 80GGC, 80U has been added in the deductions column.
  • Point of the amount of rent which cannot be realized has been inserted under the head house property.
  • The individual income from one house property, salaries and other sources summing up to 50 lakhs, this condition retains its place even after changes

Hello Ankit,
Kindly confirm whether standard deduction of 50000 is applicable to directors if they are employee of the company.
Regards, Sreeja


Hi @Sreeja

I don’t think so, it’s applicable. Since they are a director (even being an employee).

1 Like


Its applicable, if payments are processed under the salary and U/s 92B .

Powered by | India's No.1 Payroll and HR Software.
9000+ Clients
150 Cities
10 Lakh+ Users