Income Tax Returns: Here are the details of forms used for ITR filing

As the deadline for the income tax return filing approaches, we bring you all the details of the seven types of income tax return forms that are used in the ITR filing process. It is important for an individual or businesses and corporates to choose the correct form and file their returns accordingly, else the IT department may charge a fine in case any discrepancies are found. July 31 is the last date of filing the ITR.

You can electronically file your income tax return (ITR) by visiting the e-filing website of the income tax department. An individual first have to register themselves on the e-filing website. However, super senior citizens (i.e. aged 80 years and above) are allowed to file their ITR in paper format.

For individuals being a resident (other than not ordinarily resident) having total income up to Rs.50 lakh, having Income from Salaries, one house property, other sources (Interest, etc.), and agricultural income up to Rs.5 thousand