The Income Tax Return (ITR) filing for the financial year 2025-26 and the Assessment Year 2026-27 has officially started, and the Income Tax department has enabled it on its e-Filing portal. Eligible taxpayers can now file their ITR using the online method or using the offline Excel utility.
To file their ITR, taxpayers use ITR forms through which they report their income and taxes to the I-T department. To avoid a penalty, every taxpayer must file their ITR before the due date.
There are seven types of ITR filing forms. Let’s take a look at all these forms and know who can use which form according to their income source and amount.
1- ITR-1 (Sahaj)
Also known as Sahaj, the ITR-1 form is for Individuals who fall under the following categories:
– Salary and pension earners
– Whose income is up to Rs 50 lakh
– Income from two house properties
– Income from other sources
– Earning agricultural income of up to Rs 5,000
2- ITR-2
The ITR-2 form is for individuals and Hindu United Families (HUFs) whose:
– Income is more than Rs 50 lakh
– Agricultural income of more than Rs 5,000
– Earnings from foreign assets
– Salary income, pension, capital gains, and other sources of income
3- ITR-3
The ITR-3 form is for taxpayers who:
– Earn income from a business
– Is a partner in a firm
– Is a director in a company
– Investments in unlisted equity shares
– Receive income from capital gains, salary, pension, and other sources
4- ITR-4 or Sugam
The ITR 4 form is available to individuals, Hindu United Families, and companies earning up to Rs 50 lakh from businesses or a profession. Furthermore, the ITR 4 form may be used to file returns for individuals who have selected the presumptive income scheme under Sections 58 and 59 of the Income Tax Act, 2025.
5- ITR-5
– Firms
– Body of Individuals
– Co-operative societies
– Limited Liability Partnerships
– Association of Persons
– Local authorities
– Artificial Judicial Persons
– Estates of insolvent
– Estates of deceased
– Business trusts
6- ITR-6
Companies must electronically file the ITR-6 form, with the exception of those claiming an exemption under Sections 332, 333, 334, 335, 337, 338, 339, 340, 341, 342, 344, 345, 350, 355, or revenue from a religious or charitable property.
7- ITR-7
ITR-7 Form can be used by:
– Companies and individuals who must provide a return under section 139(4A), 139(4B), 139(4C), or 139(4D)
– The group of people whose income is completely exempt under various clauses of section 10, and those who are not compelled under section 139 to provide their income return
From A.Y.2022-23 onwards, ITR 7 will not apply to persons whose income is unconditionally exempt.
FAQs
What is the last date to file an ITR for FY2026?
The due date to file an ITR depends on the taxpayer’s category.
What is the due date to file ITR for FY 2026 for salaried individuals?
The last date to file ITR for FY 2026 for salaried individuals is July 31, 2026.
How to choose the right form to file an ITR?
There are seven ITR forms, and you can choose as per your income and sources of income. The above article may help you.
