Itr which form

The applicability of ITR forms varies depending on the sources of income of the taxpayer, the amount of the income earned and the category the taxpayer like individuals, HUF, company, etc. It is mandatory to file income tax returns ITR in India if any of the conditions mentioned below are applicable to you: 1. If your gross annual income is more than the basic exemption limit as specified below-. Also, you are mandatorily required to file ITR even if your income is below the basic exemption limit but you meet one of the following conditions:.

The following infographic will help you find out which type of income tax return is applicable to you for FY as well as previous year FY Still, you have any doubts about ITR-1 in your mind?. Read our comprehensive guide on ITR-1 to get answers to all your questions. This Return Form should not be used by an individual whose total income for the AY includes Income from Business or Profession.

The Current ITR3 Form is to be used by an individual or a Hindu Undivided Family who have income from proprietary business or are carrying on profession.

You need to pay it and then fill in the challan details in the return before submitting it. What is the difference between allowance and perquisite? Are these considered as my income? Allowances are fixed periodic amounts, apart from salary, which are paid by an employer, e. Allowances are considered income and will increase your gross total income on which you will be taxed. Allowances can be taxable, partially exempted, and fully exempted. Perquisites are benefits you receive because of your official position, and are over and above your salary or wage income.

These perquisites can be taxable or non-taxable depending upon their nature. The categories for tax deduction, based on whom you donated to charitable institution, fund set up by Government, scientific research, etc. You need to check the exemption limit on your donation receipt and claim deduction accordingly while filing your return. Is e-Filing and e-Payment the same thing? I made a calculation mistake in my filed ITR. Can I correct it and re-submit my return?

Yes, you can re-submit return in case you have already filed your Income Tax Return and later discover that you have made a mistake.

This is called a Revised Return. Your return has to be revised three months before the end of the relevant AY. For AY , the due date for filing revised return is 31st December Can I file ITR for last 3 years now? Refer to Readme text for more details on how to use the Form. Form No. Please select the year:. Text Search:. Step 9: Review your pre-filled data and edit it if necessary. Click Confirm at the end of each section.

Step Enter your income and deduction details in the different section. After completing and confirming all the sections of the form, click Proceed. Step 10a: In case there is a tax liability You will be shown a summary of your tax computation based on the details provided by you.

If there is tax liability payable based on the computation, you get the Pay Now and Pay Later options at the bottom of the page. If there is no tax liability payable, or if there is a refund based on tax computation, you will be taken to the Preview and Submit Your Return page.

Note: If you have not involved a tax return preparer or TRP in preparing your return, you can leave the textboxes related to TRP blank. Note: If you are shown a list of errors in your return, you need to go back to the form to correct the errors. If there are no errors, you can proceed to e-Verify your return by clicking Proceed to Verification. Step On the Complete your Verification page, select your preferred option and click Continue.

Note: In case you select e-Verify Later , you can submit your return, however, you will be required to verify your return within days of filing of your ITR. Step On the e-Verify page, select the option through which you want to e-Verify the return and click Continue.