The Income Tax Department has started enabling online utility for filing income tax returns online. This means now eligible taxpayers can start filing their ITR through the e-filing online portal for FY 2024-25 (AY 2025-26). However, as of today only ITR-1 and ITR-4 forms are enabled for online filing, which means those who need to file ITR-2 or ITR-3 need to wait for the time being.
Read below to know who is eligible for filing ITR-1 and 4 and who needs to file ITR-2 and ITR-3.
Who needs to file ITR-1?
ITR-1 can be filed by an Indian resident individual whose:
- Total income does not exceed Rs 50 lakh during the financial year
- Income is from salary, one house property, family pension income, agricultural income (up to Rs 5000), and other sources, which include:
- Interest from Savings AccountsInterest from Deposits (Bank / Post Office / Cooperative Society)Interest from Income Tax Refund
- nterest received on Enhanced Compensation
- Any other Interest Income
- Family Pension
- “Income of Spouse (other than those covered under Portuguese Civil Code) or Minor is clubbed (only if the source of income is within the specified limits as mentioned above),” said the Income Tax Department in its frequently asked question (FAQ ).
- Read more at:
- https://economictimes.indiatimes.com/wealth/tax/itr-1-and-itr-4-forms-enabled-for-online-filing-through-income-tax-e-filing-portal-for-ay-2025-26-know-who-all-can-file-online-income-tax-returns-visit-https/incometax-gov-in/articleshow/121613994.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst