Nearly 5.89 crore income tax returns for FY21 filed till December 31 deadline

Out of 5.89 crore ITRs filed for AY 2021-22 (2020-21 fiscal), 49.6 percent of these are ITR-1 (2.92 crore), 9.3 percent are ITR-2 (54.8 lakh), 12.1 percent are ITR-3 (71.05 lakh), 27.2 percent are ITR-4 (1.60 crore), 1.3 percent are ITR-5 (7.66 lakh). Besides, 2.58 lakh ITR-6 and 0.67 lakh ITR-7 were filed. "Over 45.7 percent of these ITRs have been filed using the online ITR form on the portal and the balance have been uploaded using the ITR created from the offline software utilities," it said, adding it would work tirelessly to ensure a smooth and stable taxpayer service experience.

ITR Form 1 (Sahaj) and ITR Form 4 (Sugam) are simpler forms that cater to a large number of small and medium taxpayers. Sahaj can be filed by an individual having income up to Rs 50 lakh and who receives income from salary, one house property/other sources (interest etc). ITR-4 can be filed by individuals, HUFs and firms with total income up to Rs 50 lakh and having income from business and profession. ITR-2 is filed by people having income from residential property), ITR-3 by people having income as profits from business/profession, ITR-5 by LLPs and ITR-6 and 7 by businesses and trusts respectively.