🇮🇳 Income Tax Return (ITR) Filing Guide for Indians
This matrix will help you understand which ITR form is right for you, what documents you need, and who typically uses it.
📊 ITR Forms Comparison Table
| ITR Form | Who Should File | Income Sources | Key Documents Needed | Example Person |
|---|---|---|---|---|
| ITR-1 (Sahaj) | Salaried individuals (income ≤ ₹50L) | Salary, Pension, One house property, Interest income | Form 16, Salary slips, Bank statements, PAN & Aadhaar | 👩💼 Neha, a software engineer earning ₹10L with one flat & FD |
| ITR-2 | Individuals with capital gains, more than one property | Salary, Capital gains, Multiple house properties, Foreign income | Form 16, Capital gain reports, Rent receipts, Demat statement | 👨💼 Raj, an employee who sold mutual funds & owns 2 flats |
| ITR-3 | Individuals with business/professional income | Freelancing, Business, House property, Capital gains | P&L statement, Balance sheet, GST returns, Bank details | 👨💻 Amit, a freelancer and active stock trader |
| ITR-4 (Sugam) | Presumptive income scheme users (≤ ₹50L) | Freelancing under 44ADA, Business under 44AD | Bank statement, Expense note (optional), PAN & Aadhaar | 👩🎨 Priya, a graphic designer using 44ADA with ₹12L income |
| ITR-5 | Firms, LLPs (non-companies) | Business or professional income | Partnership deed, P&L, Balance sheet | 🧑🤝🧑 ABC & Co, a chartered accountant firm |
| ITR-6 | Companies (not under section 11) | Business income (corporates only) | Company financials, Tax audit report, PAN | 🏢 XYZ Pvt Ltd, a registered software firm |
| ITR-7 | Trusts, NGOs, Political parties | Income as per sections 139(4A–4F) | Audit reports, Donation proofs, Expenditure report | 🏥 Helping Hands Trust, an NGO filing under section 12A |
🧠 Bonus: Which ITR Form Is Right for You?
- Salaried with FD? ➝ ITR-1
- Sold stocks or own multiple homes? ➝ ITR-2
- Freelancer or Business owner? ➝ ITR-3
- Using presumptive tax scheme? ➝ ITR-4
- Part of a partnership firm? ➝ ITR-5
- Running a company? ➝ ITR-6
- Managing a trust or NGO? ➝ ITR-7
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