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News INCOME TAX

  • Jun 04, 2025
  • ITR e-filing FY 2024-25: ITR-1 and ITR 2 forms enabled online for return filing on income tax e-filing portal; check details

    ITR Filing FY 2024-25: The Income Tax Department has activated its website incometax.gov.in for filing income tax returns using ITR-1 and ITR-4 forms. Eligible individuals can now submit their ITR via the e-filing portal for FY 2024-25 (AY 2025-26). Currently, only ITR-1 and ITR-4 submissions are available online, whilst those needing to submit ITR-2 or ITR-3 must wait for further updates.

    Last month, the Income Tax Department had extended the deadline to file ITR for FY 2024-25 to September 15 from July 31.
    Who can e-file ITR using ITR-1 for FY 2024-25?
    The ITR-1 filing is allowed for Indian resident individuals who:
    * Have a total annual income below Rs 50 lakh
    * Earn from salary, one house property, family pension income, agricultural income (up to Rs 5000), and additional sources including:
    * Savings Account interest
    * Deposit interest (Bank / Post Office / Cooperative Society)
    * Income Tax Refund interest
    * Enhanced Compensation interest
    * Other interest earnings
    * Family Pension