The income tax return forms, ITR-1, ITR-2 and ITR-4, for FY 2023-24 (AY 2024-25) are now available for e-filing on the Income Tax department portal. The online ITR forms were made available from ...

When filing your income tax return, you must use either ITR 1 or ITR 2, depending on your sources of income for the year. Filing with the wrong form can result in a notice from the tax department ...

ITR-U: Requires paying additional tax (25–50% of dues, depending on filing timeline). No separate penalties, but interest may ...

This means if you chose the new tax regime last year, you can switch to the old one this year. However, you must decide before the ITR filing deadline (July 31, 2025). According to the Income Tax ...

These are ITR-1 (SAHAJ), ITR-2, ITR-3 and ITR-4 (SUGAM). ITR-1 (SAHAJ) is only applicable for individuals. ITR-1 cannot be filed by a person who: ITR-2 is used by taxpayers who are not eligible ...

Income Tax Slabs FY 2025-26 after Budget 2025: Finance Minister Nirmala Sitharaman announced that taxpayers will not have to pay tax for income up to ...