Which ITR Form to Use for Salary Income
Every year, millions of salaried employees in India sit down to file their Income Tax Return (ITR) and are immediately stumped by the same question: which ITR form do I use? The Income Tax Department offers several different ITR forms, and picking the wrong one can lead to a defective return notice - or worse, legal complications. The good news is that for most salaried individuals, the choice is straightforward once you understand the key distinctions. This article breaks down the ITR forms applicable to salary income, explains who should use which form, and highlights the additional income sources or conditions that can change your applicable form. Understanding the ITR Form Landscape The Income Tax Department currently notifies seven ITR forms (ITR-1 through ITR-7) for different categories of taxpayers - individuals, Hindu Undivided Families (HUFs), companies, trusts, and so on. For salaried individuals, the relevant forms are primarily ITR-1, ITR-2, and in some cases ITR-3 or...