WHICH ITR SHOULD I FILE? TYPES OF ITR FORMS FOR

 FY 2024-25 (AY 2025-26)

ITR stands for Income Tax Return. It is a form in which taxpayers file information about their income earned and tax applicable to Income Tax Department. The applicability of ITR forms varies depending on the source of income of the taxpayer.

TYPES OF ITR FORMS

There are 7 types of ITR forms and the appropriate form depends on the taxpayer’s income sources and category.

1.ITR-1 OR SAHAJ ELIGIBILITY CRITERIA

• Resident Individuals
• Gross Income ≤ Rs. 50 lakh
• Income sources includes:
  i. Salary/ Pension
  ii. One House Property
  iii. Agricultural income ≤ Rs.5000
  iv. Income from Other Sources (excluding Winning from Lottery and Income from Race Horses)