We look at forms that are applicable to salary or pension earners
17-Jul-2023 •Research Desk
There are multiple income tax returns (ITR) forms available online, so we decided to make it easy for those who earn a salary, pension or interest earners.
|If you earn less than Rs 50 lakh/year||If you earn more than Rs 50 lakh/year|
|If you have only one property under your name||If you receive rent from over one property (outside India too)|
|Your farming income is up to Rs 5,000||Your farming income is over Rs 5,000|
|You are an Indian citizen||You are either an Indian citizen or an NRI|
|You are earning from foreign sources|
The following forms are applicable if you also have a business or a side hustle along with a job.
|Include all ITR 1 criteria||Include all ITR-2 criteria|
|Your business/profession is taxed under Sections 44AD, 44ADA or 44AE||You are earning through futures & options trading|
Suggested read: Do you need to file your ITR?