•      Resident individual who own a single property in joint ownership can also file itr-1 where the total income is up to Rs. 50 lakhs.
•    The condition of the individual having income from salaries, one house property, other income and having total income up to Rs. 50 lakhs continues.
•   Taxpayers should separately disclose the amount of the investment or deposits or payments towards tax saving made from April 1^st 2020 until 30^th June 2020.
•   Individual taxpayers who meet the criteria of (a) making cash deposits or (b) incurring expense above Rs. 2 Lakh on foreign travel or (c) expenditure above Rs. 1 lakh on electricity should also file itr-1 where the total income is up to Rs. 50 lakhs.

Part –A

General information

Part- B

Gross total income:

(a)   Salary as per section 17(1)

• Salary includes the following amount received by an employee during the previous year 
• Wages, pension, annuity, gratuity
• Any fees, commission, perquisite or profit in lieu of or in any salary or wages, any advance salary
• Leave encashment or salary in lieu of lieu
• The annual accretion to the balance at the credit of an employee participating in recognized provident fund, to the extent to which it is chargeable to tax under rule 6 of part A of the fourth schedule
• Taxable portion of transferred balance from unrecognized provident fund to recognized provident fund.   Pension scheme referred to in section 80CCD

(b)   Value of perquisite as per section 17(2)       

• Value of rent-free/ concessional rent accommodation provided by the employer
• Any sum paid by employer in respect of an obligation which was actually payable by the assessee
• Value of any benefit/ amenity granted free or at concessional rate to specified employees etc.
• The value of any specified security or sweat equity shares allotted or transferred free of cost or at concessional rate to the assessee
• The amount of any contribution to an approved superannuation fund by the exployer in respect of the assessee, to the extent it exceeds one lakh rupee 
• The value of any other fringe benefit or amenity as may be prescribed.

(c)    Profit in lieu of salary as per section 17 (3)

These payments are received by the employee in lieu of or in addition to salary or wages. These payments include the following:

• Terminal compensation
• Payment under keyman insurance policy
• Payment from unrecognized provident fund or an unrecognized superannuation fun
• Any amount due or received before joining or after cessation  of employment
• Any other sum received by the employee from the employer