Quick Answer: ITR form selection for FY 2025-26: ITR-1 (Sahaj) — salaried individuals with income up to ₹50L from salary, one house property, and other sources only; ITR-2 — salary + capital gains or multiple house properties; ITR-3 — business/profession income; ITR-4 (Sugam) — presumptive income under 44AD/44ADA/44AE; ITR-5 — firms, LLPs; ITR-6 — companies; ITR-7 — trusts.
ITR Forms — Which One Applies to You?
Filing the wrong ITR form is a common mistake. The Income Tax Department may process it as a defective return, leading to a notice. Use this tool to determine the correct form based on your income sources, residential status, and nature of business.
ITR Form Summary
| Form | Who Can File |
|---|---|
| ITR-1 (Sahaj) | Salary/pension, 1 house, other income; total income ≤ ₹50L; Indian resident |
| ITR-2 | Capital gains, 2+ houses, NRI, director, foreign assets; no business income |
| ITR-3 | Business/profession income (non-presumptive); partners in firms |
| ITR-4 (Sugam) | Presumptive income u/s 44AD/44ADA/44AE |
| ITR-5 | Partnership firms, LLPs, AOPs, BOIs |
| ITR-6 | Companies (other than Section 11 trusts) |
| ITR-7 | Trusts, political parties, charitable institutions (Section 139(4A)/(4B)/(4C)/(4D)) |
Frequently Asked Questions
No. If you have any capital gains income (from stocks, mutual funds, property, or any other asset), you must file ITR-2 at minimum. ITR-1 is only for individuals with no capital gains. Even small LTCG (like ₹500 from selling mutual fund units) requires ITR-2.
Key changes for AY 2026-27: New income tax slabs (4-8L: 5%, 8-12L: 10%, etc.), ₹75K standard deduction, ₹60K 87A rebate, nil tax up to ₹12.75L in new regime. ITR form applicability rules remain broadly similar to previous years. All ITR-1 filers in new regime will pre-validate their deductions.