New Delhi, May 5 -- The income tax department has now notified ITR (income tax return) forms 1, 2, 3, 4 and 5. On April 29, the department notified ITR-1 (sahaj) and ITR-4 (sugam). This was followed by notifying ITR form 3 on April 30. Later, ITR forms 5 and 2 were notified on May 1 and May 3, respectively. These reurn forms are meant to be used for filing income tax returns (ITR) for FY 2024-25.

Let us understand which income tax return form applies to you based on the category you fall under.

ITR-1: This form is meant for resident individual with total income of upto Rs.50 lakh. The sources of income include salary/ pension, income from one house property (excluding cases where loss is brought forward), income from other sources (like...