SALARY INDIVIUSAL KE LIYE ITR KA KAUN SA FORM H/SALARY WALE PERSONS KE ITR

Salaried Individuals for AY 2022-23

 

Returns and Forms Applicable for Salaried Individuals for AY 2022-23

 

Disclaimer: The content on this page is only to give an overview and general guidance and is not exhaustive. For complete details and guidelines please refer Income Tax Act, Rules and Notifications.

 

1. ITR-1 (SAHAJ) – Applicable for Individual

This return is applicable for a Resident (other than Not Ordinarily Resident) Individual having Total Income from any of the following sources up to ₹ 50 lakh Salary / Pension One House Property Other sources (Interest, Family Pension, Dividend etc.) Agricultural Income up to ₹ 5,000   Note: ITR-1 cannot be used by a person who: (a) is a Director in a company  (b) has held any unlisted equity shares at any time during the previous year  (c) has any asset (including financial interest in any entity) located outside India  (d) has signing authority in any account located outside India  (e) has income from any source outside India  (f) is a person in whose case tax has been deducted u/s 194N  (g) is a person in whose case payment or deduction of tax has been deferred on ESOP (h) who has any brought forward loss or loss to be carried forward under any head of income

 

2. ITR-2 - Applicable for Individual and HUF
This return is applicable for Individual and Hindu Undivided Family (HUF) Not having Income under the head Profits and Gains of Business or Profession Who is not eligible for filing ITR-1

 

3. ITR-3- Applicable for Individual and HUF
This return is applicable for Individual and Hindu Undivided Family (HUF) Having Income under the head Profits and Gains of Business or Profession Who is not eligible for filing ITR-1, 2 or 4

 

4. ITR-4 (SUGAM) – Applicable for Individual, HUF and Firm (other than LLP)

This return is applicable for an Individual or Hindu Undivided Family (HUF), who is Resident other  than Not Ordinarily Resident or a Firm (other than LLP) which is a Resident having Total Income up  to ₹ 50 lakh and having income from Business or Profession which is computed on a presumptive basis  (u/s 44AD / 44ADA / 44AE) and income from any of the following sources: Salary / Pension One House Property Other sources (Interest, Family Pension, Dividend etc.) Agricultural Income up to ₹ 5,000   Note: ITR-4 cannot be used by a person who: (a) is a Director in a company (b) has held any unlisted equity shares at any time during the previous year  (c) has any asset (including financial interest in any entity) located outside India  (d) has signing authority in any account located outside India  (e) has income from any source outside India  (f) is a person in whose case payment or deduction of tax has been deferred on ESOP (g) who has any brought forward loss or loss to be carried forward under any head of income   Please note that  ITR-4 (Sugam) is not mandatory. It is a simplified return form to be  used by an Assessee, at his option, if he is eligible to declare Profits and Gains from Business  or Profession on presumptive basis u/s 44AD, 44ADA or 44AE.