Multiple forms of Income Tax Return (ITR) exist for different income types and taxpayer categories. Salaried individuals typically consider ITR-1 (SAHAJ), ITR-2, ITR-3, and ITR-4.
ITR-1 (SAHAJ)
Eligibility: Resident individuals with total income up to ₹50 lakh
- Salary/Pension
- One house property (excluding loss cases)
- Other sources like interest, family pension, dividend
- Agricultural income up to ₹5,000
Not Applicable If:
- Total income exceeds ₹50 lakh
- Director in a company
- Held unlisted shares, foreign assets/income
- Claiming relief u/s 90/91
- Agricultural income > ₹5,000
- Tax deducted u/s 194N
- Signed authority in foreign accounts
- Deferred ESOP tax cases
ITR-2
Eligibility:
- Individuals/HUFs without income from business/profession
- Not eligible for ITR-1
ITR-3
Eligibility:
- Individuals/HUFs with income from business or profession
- Crypto income treated as business income
- Not eligible for ITR-1, ITR-2, or ITR-4
ITR-4 (SUGAM)
Eligibility:
- Resident Individuals, HUFs, Firms (non-LLP)
- Total Income ≤ ₹50 lakh
- Business/Profession income on presumptive basis (44AD/ADA/AE)
Essential Forms for Salaried Taxpayers
| Form Name | Purpose | Includes |
|---|---|---|
| Form 12BB | Declaration of tax-saving investments to employer | HRA, LTC, interest on home loan, deductions (VI-A) |
| Form 16 | Salary paid and TDS deducted certificate | Part A (TDS), Part B (Salary breakup, deductions) |
| Form 16A | TDS certificate for income other than salary | Interest, commission, rent, etc. |
| Form 26AS | Annual tax credit statement | Details of TDS, TCS, advance tax, self-assessment |
| AIS | Annual Information Statement | TDS/TCS, interest, dividends, MF transactions, etc. |
| Form 15G / 15H | Prevent TDS deduction on interest if income is below taxable limit |
15G: For individuals under 60 years 15H: For senior citizens (60 years and above) |
| Form 10E | Relief under section 89(1) for arrears/advance salary | Mandatory for claiming relief while filing return |
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