Which ITR Should I File? Types of ITR Forms for FY 2024-25 (AY 2025-26)
ITR stands for Income Tax Return. The Central Board of Direct Taxes (CBDT) releases all the ITR forms and specifies the procedures to be followed. Taxpayers have to opt for the appropriate ITR based on their income and source of income. This article provides an in-depth understanding of the definition of ITR and the types of ITR forms. Read this article to know which ITR form is most suitable for you. Latest Update The Central Board of Direct Taxes has enabled e-filing of Forms ITR-1 (SAHAJ) and ITR-4 (SUGAM) thus starting the tax filing season for AY 2025-26. The incomes earned between April 1, 2024 and March 31, 2025 will be reported using these forms. What is ITR? Income Tax Return (ITR) is a form in which the taxpayers file information about their income earned and tax applicable, to the income tax department. The department has notified 7 forms i.e. ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6 & ITR-7 to date. Every taxpayer should file his ITR on or before the specified due date. The applicability of ITR forms varies depending on the sources of income of the taxpayer, the amount of the income earned, and the category of the taxpayer like individuals, HUF, company, etc.
Which ITR to File? The following infographic will help you find out which type of income tax return is appl