Which Type of ITR Filling is Right for You?

ITR-1 (Sahaj)

Total income up to ₹50 lakh

For salaried individuals and pensioners

Income from one house property and other sources

ITR-2

For individuals/HUFs not having business income

Income above ₹50 lakh

Capital gains, more than one house property, and foreign assets

ITR-3

For individuals/HUFs with income from business/profession

Includes income from salary, house property, and other sources

Suitable for freelancers and consultants

ITR-4 (Sugam)

Presumptive income scheme for small businesses and professionals

Total income up to ₹50 lakh

No need for detailed accounting records

ITR-5

For partnership firms, LLPs, AOPs, and BOIs

Not for individuals and HUFs

Reports income from business, profession, or other sources

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