FY 2023-24 is closed and New Financial Year 2024-25 is started from 1 April 2024 and on very first day of new financial year , ITR filing enabled for ITR-1, ITR-2, ITR-4 for FY 2023-24 & AY 2024-25, But be aware before filing ITR make sure your form 26AS and AIS will be updated with your Income, TDS, TCS, SFT details then only start filing.
Click here to visit official income tax website
Excel Utility for ITR 1,2,4:
Excel Utilities of ITR-1, ITR-2 and ITR-4 for AY 2024-25 are available for filing.
Click here to download.
Offline Utilities for ITR 1,2,4:
Offline Utilities for ITR-1, ITR-2, ITR-4 and ITR 6 for AY 2024-25 are available for filing. Click here to download.
Online Mode with pre filled data for ITR 1,2,4:
Income Tax Return Form of ITR-1, 2 and 4 are enabled to file through Online mode with prefilled data at the portal.
Know Your ITR 1:
Who is eligible to file ITR-1 for AY 2023-24?
ITR-1 can be filed by a Resident Individual whose:
• Total income does not exceed ₹ 50 lakh during the FY
• Income is from salary, one house property, family pension income, agricultural income (up to ₹5000/-), and other sources, which include:
o Interest from Savings Accounts
o Interest from Deposits (Bank / Post Office / Cooperative Society)
o Interest from Income Tax Refund
o Interest received on Enhanced Compensation
o Any other Interest Income
o 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).
2. Who is not eligible to file ITR-1 for AY 2023-24?
ITR-1 cannot be filed by any individual who:
• is a Resident Not Ordinarily Resident (RNOR), and Non-Resident Indian (NRI)
• has total income exceeding ₹ 50 lakh
• has agricultural income exceeding ₹ 5000/-
• has income from lottery, racehorses, legal gambling etc.
• has taxable capital gains (short term and long term)
• has invested in unlisted equity shares
• has income from business or profession
• is a Director in a company
• has tax deduction under section 194N of Income Tax Act
• has deferred income tax on ESOP received from employer being an eligible start-up
• owns and has income from more than one house property
• is not covered under the eligibility conditions for ITR-1
Know Your ITR 2:
Who is eligible to file ITR-2 for AY 2021-22?
ITR-2 can be filed by individuals or HUFs who:
- Are not eligible to file ITR-1 (Sahaj)
- Do not have income from profit and gains of business or profession and also do not have income from profits and gains of business or profession in the nature of:
- interest
- salary
- bonus
- commission or remuneration, by whatever name called, due to, or received by him from a partnership firm
- Have the income of another person like spouse, minor child, etc., to be clubbed with their income – if income to be clubbed falls in any of the above categories.
2. Who is not eligible to file ITR-2 for AY 2021-22?
ITR-2 cannot be filed by any individual or HUF, whose total income for the year includes income from profit and gains from business or profession, and also who has income in the nature of:
- interest
- salary
- bonus
- commission or remuneration, by whatever name called, due to, or received by him from a partnership firm.
Know Your ITR 4:
Who is eligible to file ITR-4 for AY 2023-24?
ITR-4 can be filed by a Resident Individual / HUF / Firm (other than LLP) who has:
• Income not exceeding ₹50 Lakh during the FY
• Income from Business and Profession which is computed on a presumptive basis u/s 44AD, 44ADA or 44AE
• Income from Salary/Pension, one House Property, Agricultural Income (up to ₹ 5000/-)
• Other sources which include (excluding winning from Lottery and Income from Race Horses):
- Interest from Savings Account
- Interest from Deposit (Bank / Post Office / Cooperative Society)
- Interest from Income Tax Refund
- Family Pension
- Interest received on enhanced compensation
- Any other Interest Income (e.g., Interest Income from unsecured loan)
2. Who is not eligible to file ITR-4 for AY 2023-24?
ITR-4 cannot be filed by an individual / HUF / Firm (Other than LLP) who:
• is a Resident Not Ordinarily Resident (RNOR), and non-Resident Indian
• has total income exceeding ₹ 50 Lakh
• has agricultural income in excess of ₹5,000/-
• is a Director in a Company
• has income from more than one House Property
• has income of the following nature:
- winnings from lottery
- activity of owning and maintaining race horses
- income taxable at special rates u/s115BBDA or Section 115BBE
• has held any unlisted equity shares at any time during the previous year
• has deferred income tax on ESOP received from employer being an eligible start-up
• is not covered under the eligibility conditions for ITR-4
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