arrow
arrow
arrow
What is the maximum income limit within a financial year for salaried resident individuals to be eligible to file the ITR 1 form for income tax return
Question

What is the maximum income limit within a financial year for salaried resident individuals to be eligible to file the ITR 1 form for income tax returns in India?

A.

Rs 25 lakh

B.

Rs 50 lakh

C.

Rs 75 lakh

D.

Rs 1 crore

Correct option is B

Salaried resident individuals with a maximum income of Rs 50 lakh within a financial year are eligible to file the ITR 1 form.
· ITR 1 Applicability:
· Income source should primarily be salary or pension.
· Income may include a single property and other sources (excluding horse racing, gambling, lotteries, etc.).
· The taxpayer should not own property outside India.
· No foreign income should be received.
· Interest income from savings, deposits, and family pension is allowed.

Free Tests

Free
Must Attempt
Video Solutions

RBI Assistant Pre 2026 Full Mock Test -01

languageIcon English
  • pdpQsnIcon100 Questions
  • pdpsheetsIcon100 Marks
  • timerIcon60 Mins
languageIcon English
Free
Must Attempt
Video Solutions

RBI Asst Prelims 2026 : Reasoning Section Test 01

languageIcon English
  • pdpQsnIcon35 Questions
  • pdpsheetsIcon35 Marks
  • timerIcon20 Mins
languageIcon English
Free
Must Attempt
Video Solutions

RBI Office Attendant 2026 Full Mock Test - 01

languageIcon English
  • pdpQsnIcon120 Questions
  • pdpsheetsIcon120 Marks
  • timerIcon90 Mins
languageIcon English

Similar Questions

test-prime-package

Access ‘IBPS Clerk Mains’ Mock Tests with

  • 60000+ Mocks and Previous Year Papers
  • Unlimited Re-Attempts
  • Personalised Report Card
  • 500% Refund on Final Selection
  • Largest Community
students-icon
354k+ students have already unlocked exclusive benefits with Test Prime!
Our Plans
Monthsup-arrow