New Delhi, July 10 -- Selecting the right ITR form is essential when filing income tax returns. Filing your return using the wrong form can lead to rejection by the Income Tax Department and even a delay in refunds. Among individual taxpayers, the most common confusion arises between ITR-1 (Sahaj) and ITR-2, both designed for taxpayers with specific income profiles.

Here's a detailed guide to understand the key differences between these two forms -

Form ITR-1, also referred to as ITR-1 (SAHAJ), is the most appropriate form for salaried individuals. This form should be selected by taxpayers with a total annual income of up to Rs.50 lakh, owning one house property, agricultural income not exceeding Rs.5,000, deriving income from other sou...