Earn less than ₹50 lakh a year? Check which ITR form to file

If you’re a salaried individual earning less than Rs 50 lakh a year, you probably only need to choose between two forms: ITR-1 or ITR-2. Here's how to know which one fits your situation best. 1. ITR-1 (Sahaj) This is the most commonly used form for salaried individuals. You can file ITR-1 if you: Are a resident individual Earn up to Rs 50 lakh annually Have income from: - Salary or pension - One house property (not let out or loss-making) - Other sources like bank interest - Agricultural income up to Rs 5,000 You cannot use ITR-1 if: You are a Director in

This article was originally published on July 24, 2025.