Personal Finance Pay your tax on time: A step-by-step guide to file your income tax returns Updated : July 17, 2019 03:13 PM IST For the assessment year 2019-20, there are currently seven kinds of forms available for filing your ITR. ITR-1 is known as the Sahaj form, used mostly by the salaried individuals. The tax department allows you 120 days to verify the ITR. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.