Which ITR form should you file?

Published: 08th July 2024

By: Value Research

Choosing the right ITR form

With multiple income tax returns (ITR) forms available online, filing returns can be confusing. We've simplified it for salaried individuals, pensioners, and interest earners. Swipe!

ITR-1 is for you if

you are an Indian citizen who earns less than Rs 50 lakh/year, has only one property under your name, and earns up to Rs 5,000 from farming.

ITR-2 is for you if

you are an Indian citizen or an NRI who earns over Rs 50 lakh/year, receives rent from more than 1 property, including overseas, has a farming income of over Rs 5,000, & earns from foreign sources.

ITR-3 is for you if

you earn any income applicable under ITR-2 and earn an additional income from F&O trading.

ITR-4 is for you if

you earn any income applicable under ITR-1 and have a business or a side hustle in addition to a job. Find more income tax-insights in our other stories. Click the link below.

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