Banking Exams General & Banking Awareness — Question 1470
Question
What is the maximum total income for which a resident individual can file Income Tax Return form ITR-1 (Sahaj)?
- Up to Rs 10 lakh
- Up to Rs 25 lakh
- Up to Rs 50 lakh
- Up to Rs 1 crore
Correct answer
C — Up to Rs 50 lakh
Explanation (English)
ITR-1 (Sahaj) can be filed by resident individuals with total income up to Rs 50 lakh.
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