ITR Filing 2024: If you do not choose the right form, your ITR may be rejected, know how to choose?

ITR Filing 2024: The deadline for filing income tax returns is getting closer. If you want to choose the right ITR form, then check here which form is right for you.

Before filing an income tax return, know about the types of ITR forms.

ITR Filing 2024: The process of filing an Income Tax Return (ITR) is going on. If you want to file an income tax return for the financial year 2023-24 and assessment year 2024-25, then you can do so sitting at home, but often people are confused about the ITR form.
ITR Filing 2024: The process of filing an Income Tax Return (ITR) is going on. If you want to file an income tax return for the financial year 2023-24 and assessment year 2024-25, then you can do so from home, but often people are confused about the ITR form.

The Income Tax Department issues forms from ITR-1 to 4. The name of the ITR-1 form is Sahaj, ITR-2, ITR-3 and ITR-4 (Sugam).

The Income Tax Department issues forms from ITR-1 to 4. The name of the ITR-1 form is Sahaj, ITR-2, ITR-3 and ITR-4 (Sugam).

The ITR-1 and ITR-2 forms are made for the salaried class. Sahaj form is for salaried class persons whose income is less than Rs 50 lakh. In this, your agricultural income should not exceed Rs 5,000. This income also includes FD, income from savings accounts, etc.

ITR-1 and ITR-2 forms are made for the salaried class. Sahaj form is for the salaried class whose income is less than Rs 50 lakh. In this, your agricultural income should not be more than Rs 5,000. This income also includes income from FD, savings accounts, etc.

A salaried class earning more than Rs 50 lakh will have to use the ITR-2 form.

A salaried class earning more than Rs 50 lakh will have to use the ITR-2 form.

Individuals who earn from business or profession can use ITR form-3. In this, the person's income should be through business.

Individuals who earn from business or profession can use ITR form-3. In this, the person's income should be through business.

ITR-4 (Sugam) is for small businessmen and professionals. Small businessmen whose income is up to Rs 50 lakh can use this form. Through this form, you can declare your income from business or profession on a presumptive basis.

ITR-4 (Sugam) is for small businessmen and professionals. Small businessmen whose income is up to Rs 50 lakh can use this form. Through this form, you can declare your income from business or profession on a presumptive basis.