Disclaimer: The content on this page is only to give an overview and general guidance and is not exhaustive. For complete details and guidelines please refer Income Tax Act, Rules and Notifications.
| 1. ITR-1 (SAHAJ) – Applicable only for Individual | ||
| This return is applicable for a Resident (other than Not Ordinarily Resident) Individual having Total Income from any of the following sources up to ₹ 50 lakhSalary / PensionOne House PropertyOther sources (Interest, Family Pension, Dividend etc.)Agricultural Income up to ₹ 5,000 Note: ITR-1 cannot be used by a person who: (a) is a Director in a company (b) has held any unlisted equity shares at any time during the previous year (c) has any asset (including financial interest in any entity) located outside India (d) has signing authority in any account located outside India (e) has income from any source outside India (f) is a person in whose case tax has been deducted u/s 194N (g) is a person in whose case payment or deduction of tax has been deferred on ESOP (h) has any brought forward loss or loss to be carried forward under any head of income(i) has total income exceeding Rs. 50 lakhs. | ||
| 2. ITR-2 – Applicable for Individual (Not eligible for ITR 1) and HUF |
| This return is applicable for Individual and Hindu Undivided Family (HUF)Not having Income under the head Profits and Gains of Business or ProfessionWho is not eligible for filing ITR-1 |
| 3. ITR-3- Applicable for Individual and HUF |
| This return is applicable for Individual and Hindu Undivided Family (HUF)Having Income under the head Profits and Gains of Business or ProfessionWho is not eligible for filing ITR-1, ITR-2 or ITR-4 |
| 4. ITR-4 (SUGAM) – Applicable for Individual, HUF and Firm (other than LLP) | |
| This return is applicable for an Individual or Hindu Undivided Family (HUF), who is Resident other than Not Ordinarily Resident or a Firm (other than LLP) which is a Resident having Total Income under Business or Profession which is computed on a presumptive basis (u/s 44AD / 44ADA / 44AE) and income from any of the following sources:Salary / PensionOne House PropertyOther sources (Interest, Family Pension, Dividend etc.)Agricultural Income up to ₹ 5,000Long Term Capital u/s 112A upto ₹ 1,25,000 Note 1:ITR-4 cannot be used by a person who:(a) is a Director in a Company, or(b) has held any unlisted equity shares at any time during the previous year, or(c) has any asset (including financial interest in any entity) located outside India, or(d) has signing authority in any account located outside India, or (e) has income from any source outside India,(f) is a person in whose case payment or deduction of tax has been deferred on ESOP(g) has any brought forward loss or loss to be carried forward under any head of income(h) has total income exceeding Rs. 50 lakhs.(i) has income from short term capital gains(j) has income from long-term capital gain other than u/s 112A upto Rs.1.25 lakhs Note:2 ITR-4 (Sugam) is not mandatory. It is a simplified return form to be used by an Assessee, at his option, if he is eligible to declare Profits and Gains from Business or Profession on presumptive basis u/s 44AD, 44ADA or 44AE. | |
| 1. Form 12BB – Particulars of claims by an employee for deduction of tax (u/s 192) |
| Provided byDetails provided in the formAn Employee to his Employer(s)Evidence or particulars of HRA, LTC, Deduction of Interest on home loan, Tax Saving Claims / Deductions on eligible payments or investments for the purpose of calculating Tax to be Deducted at Source (TDS) |
| 2. Form 16 – Certificate of Tax Deducted at Source on Salary (U/s 203 of the Income Tax Act, 1961) |
| Provided byDetails provided in the formAn Employer(s) to his Employee at the end of the financial yearIncome of employee, Deductions / Exemptions and Tax Deducted at Source for the purpose of Computing Tax Payable / Refundable |
| 3. Form 16A – Certificate u/s 203 of the Income Tax Act, 1961 for TDS on Income other than Salary |
| Provided byDetails provided in the formDeductor to DeducteeForm 16A is a Tax Deducted at Source (TDS) Certificate issued quarterly that captures the amount of TDS, Nature of Payments and the TDS Payments deposited with the Income Tax Department |
| 4. Form 67- Statement of Income from a country or specified territory outside India and Foreign Tax Credit |
| Submitted byDetails provided in the formTaxpayer on or before the due date specified for furnishing the ITRs u/s 139(1)Income from a country or specified territory outside India and Foreign Tax Credit claimed |
| 5. |
| Form 26 AS AIS (Annual information Statement)Provided by:Income Tax Department (It is available on e-Filing Portal:Login > e-File > Income Tax Return > View Form 26AS)Details provided in the form:Tax Deducted / Collected at Source.Provided by:Income Tax Department (It can be accessed after logging on to Income Tax e-Filing portal) Go to e-filing portal > login > AISDetails provided in the form:Tax Deducted / Collected at Source SFT Information Payment of taxes Demand / RefundOther information (like Pending/Completed proceedings, GST Information, Information received from foreign government etc) |
Note: Information regarding (Advance Tax/SAT, Details of refund, SFT Transaction, TDS u/s 194 IA,194 IB,194M, TDS defaults) which were available in 26AS are now available in AIS
| 6. Form 15G – Declaration by resident taxpayer (not being a Company or Firm) claiming certain receipts without deduction of tax |
| Submitted byDetails provided in the formA Resident Individual less than 60 years or HUF or any other Person (other than Company / Firm) to Bank for not deducting TDS on Interest Income, if the income is below basic exemption limitEstimated Income for the FY |
| 7. Form 15H – Declaration to be made by a resident individual (who is 60 years age or more) claiming certain receipts without deduction of tax |
| Submitted byDetails provided in the formA Resident Individual, 60 years or more to Bank for not deducting TDS on Interest IncomeEstimated Income for the FY |
| 8. Form 10E – Form for furnishing particulars of Income for claiming relief u/s 89(1) when Salary is paid in arrears or advance |
| Provided byDetails provided in the formAn Employee to the Income Tax DepartmentArrears / Advance Salary Gratuity Compensation on Termination Commutation of Pension |
| Old Tax Regime | New Tax Regime u/s 115BAC | ||||
| Income Tax Slab | Income Tax Rate | *Surcharge | Income Tax Slab | Income Tax Rate | *Surcharge |
| Up to ₹ 2,50,000 | Nil | Nil | Up to ₹ 3,00,000 | Nil | Nil |
| ₹ 2,50,001 – ₹ 5,00,000** | 5% above ₹ 2,50,000 | Nil | ₹ 3,00,001 – ₹ 7,00,000** | 5% above ₹ 3,00,000 | Nil |
| ₹ 5,00,001 – ₹ 10,00,000 | ₹ 12,500 + 20% above ₹ 5,00,000 | Nil | ₹ 7,00,001 – ₹ 10,00,000 | ₹ 20,000 + 10% above ₹ 7,00,000 | Nil |
| ₹ 10,00,001- ₹ 50,00,000 | ₹ 1,12,500 + 30% above ₹ 10,00,000 | Nil | ₹ 10,00,001 – ₹ 12,00,000 | ₹ 50,000 + 15% above ₹ 10,00,000 | Nil |
| ₹ 50,00,001- ₹ 100,00,000 | ₹ 1,12,500 + 30% above ₹ 10,00,000 | 10% | ₹ 12,00,001 – ₹ 15,00,000 | ₹ 80,000 + 20% above ₹ 12,00,000 | Nil |
| ₹ 100,00,001- ₹ 200,00,000 | ₹ 1,12,500 + 30% above ₹ 10,00,000 | 15% | ₹ 15,00,001- ₹ 50,00,000 | ₹ 1,40,000 + 30% above ₹ 15,00,000 | Nil |
| ₹ 200,00,001- ₹ 500,00,000 | ₹ 1,12,500 + 30% above ₹ 10,00,000 | 25% | ₹ 50,00,001- ₹ 100,00,000 | ₹ 1,40,000 + 30% above ₹ 15,00,000 | 10% |
| Above ₹ 500,00,000 | ₹ 1,12,500 + 30% above ₹ 10,00,000 | 37% | ₹ 100,00,001- ₹ 200,00,000 | ₹ 1,40,000 + 30% above ₹ 15,00,000 | 15% |
| Above ₹ ₹ 200,00,001 | ₹ 1,40,000 + 30% above ₹ 15,00,000 | 25% | |||
| Old Tax Regime | New Tax Regime u/s 115BAC | ||||
| Income Tax Slab | Income Tax Rate | *Surcharge | Income Tax Slab | Income Tax Rate | *Surcharge |
| Up to ₹ 3,00,000 | Nil | Nil | Up to ₹ 3,00,000 | Nil | Nil |
| ₹ 3,00,001 – ₹ 5,00,000** | 5% above ₹ 3,00,000 | Nil | ₹ 3,00,001 – ₹ 7,00,000** | 5% above ₹ 3,00,000 | Nil |
| ₹ 5,00,001 – ₹ 10,00,000 | ₹ 10,000 + 20% above ₹ 5,00,000 | Nil | ₹ 7,00,001 – ₹ 10,00,000 | ₹ 20,000 + 10% above ₹ 7,00,000 | Nil |
| ₹ 10,00,001- ₹ 50,00,000 | ₹ 1,10,000 + 30% above ₹ 10,00,000 | Nil | ₹ 10,00,001 – ₹ 12,00,000 | ₹ 50,000 + 15% above ₹ 10,00,000 | Nil |
| ₹ 50,00,001- ₹ 100,00,000 | ₹ 1,10,000 + 30% above ₹ 10,00,000 | 10% | ₹ 12,00,001 – ₹ 15,00,000 | ₹ 80,000 + 20% above ₹ 12,00,000 | Nil |
| ₹ 100,00,001- ₹ 200,00,000 | ₹ 1,10,000 + 30% above ₹ 10,00,000 | 15% | ₹ 15,00,001- ₹ 50,00,000 | ₹ 1,40,000 + 30% above ₹ 15,00,000 | Nil |
| ₹ 200,00,001- ₹ 500,00,000 | ₹ 1,10,000 + 30% above ₹ 10,00,000 | 25% | ₹ 50,00,001- ₹ 100,00,000 | ₹ 1,40,000 + 30% above ₹ 15,00,000 | 10% |
| Above ₹ 500,00,000 | ₹ 1,10,000 + 30% above ₹ 10,00,000 | 37% | ₹ 100,00,001- ₹ 200,00,000 | ₹ 1,40,000 + 30% above ₹ 15,00,000 | 15% |
| Above ₹ ₹ 200,00,001 | ₹ 1,40,000 + 30% above ₹ 15,00,000 | 25% | |||
| | Old Tax RegimeNew Tax Regime u/s 115BACIncome Tax SlabIncome Tax Rate*SurchargeIncome Tax SlabIncome Tax Rate*SurchargeUp to ₹ 5,00,000 NilNilUp to ₹ 3,00,000NilNil₹ 5,00,001 – ₹ 10,00,00020% above ₹ 5,00,000Nil₹ 3,00,001 – ₹ 7,00,000**5% above ₹ 3,00,000Nil₹ 10,00,001- ₹ 50,00,000₹ 1,00,000 + 30% above ₹ 10,00,000Nil₹ 7,00,001 – ₹ 10,00,000₹ 20,000 + 10% above ₹ 7,00,000Nil₹ 50,00,001- ₹ 100,00,000₹ 1,00,000 + 30% above ₹ 10,00,00010%₹ 10,00,001 – ₹ 12,00,000₹ 50,000 + 15% above ₹ 10,00,000Nil₹ 100,00,001- ₹ 200,00,000₹ 1,00,000 + 30% above ₹ 10,00,00015%₹ 12,00,001 – ₹ 15,00,000₹ 80,000 + 20% above ₹ 12,00,000Nil₹ 200,00,001- ₹ 500,00,000₹ 1,00,000 + 30% above ₹ 10,00,00025%₹ 15,00,001- ₹ 50,00,000₹ 1,40,000 + 30% above ₹ 15,00,000NilAbove ₹ 500,00,000₹ 1,00,000 + 30% above ₹ 10,00,00037%₹ 50,00,001- ₹ 100,00,000₹ 1,40,000 + 30% above ₹ 15,00,00010% ₹ 100,00,001- ₹ 200,00,000₹ 1,40,000 + 30% above ₹ 15,00,00015% Above ₹ ₹ 200,00,001₹ 1,40,000 + 30% above ₹ 15,00,00025% |
*Note: The enhanced surcharge of 25% & 37%, as the case may be, is not levied, from income chargeable to tax under sections 111A, 112, 112A and Dividend Income. Hence, the maximum rate of surcharge on tax payable on such incomes shall be 15%, except when the income is taxable under section 115A, 115AB, 115AC, 115ACA and 115E.
**Rebate u/s 87A: Resident Individuals are also eligible for a Rebate of up to 100% of income tax subject to a maximum limit depending on tax regimes as under:
| Total Income | Old Tax Regime | New Tax Regime |
| Rebate under Section 87A Applicable | ||
| Up to Rs. 5 Lakh | Tax rebate up to Rs.12,500 is applicable for resident individuals if the total income does not exceed Rs 5,00,000 (not applicable for NRIs) | Tax rebate up to Rs.20,000 is applicable for resident individuals if the total income does not exceed Rs 7,00,000 (not applicable for NRIs) |
| From 5 Lakhs to 7 Lakhs | NIL | |
***Note : Health & Education cess @ 4% to be paid on the amount of income tax plus Surcharge (if any) in both the regimes.
Marginal relief can be claimed from surcharge if the amount of income earned exceeding ₹ 50 lakhs, ₹ 1 crore, ₹ 2 crore or ₹ 5 crores respectively as under:
| Net Income Range | Marginal Relief | |
| Exceeds (Rs.) | Does not exceed (Rs.) | |
| 50 Lakh | 1 Crore | Amount payable as income tax and surcharge shall not exceed the total amount payable as income tax on total income of Rs 50 Lakh by more than the amount of income that exceeds Rs 50 Lakhs |
| 1 Crore | 2 Crore | Amount payable as income tax and surcharge shall not exceed the total amount payable as income-tax on total income of Rs. 1 crore by more than the amount of income that exceeds Rs. 1 crore |
| 2 Crore | 5 Crore | Amount payable as income tax and surcharge shall not exceed the total amount payable as income-tax on total income of Rs. 2 crore by more than the amount of income that exceeds Rs. 2 crore |
| 5 Crore | – | Amount payable as income tax and surcharge shall not exceed the total amount payable as income-tax on total income of Rs. 5 crore by more than the amount of income that exceeds Rs. 5 crore. |
| Nature of Property | Purpose of loan | Allowable (Maximum limit) |
| Let Out | Construction or purchase of house property | Actual value without any limit |
| Section 80CCD(2) |
| Deduction towards contribution made by an employer to the Pension Scheme of Central GovernmentFor all categories of employersDeduction limit of 14% of salary |
Section 80CCH
Deduction in respect of contribution to Agnipath Scheme
| Where an assessee, being an individual enrolled in the Agnipath Scheme and subscribing to the Agniveer Corpus Fund on or after the 1st day of November, 2022, has in the previous year paid or deposited any amount in his account in the said fund Allowed a deduction in the computation of total income, of the whole of the amount so paid or depositedWhere the Central Government makes any contribution to the account of an assessee in the Agniveer Corpus Fund Allowed a deduction in the computation of total income of the whole of the amount so contributed |
Tax deductions in the Old Tax Regime
| Nature of Property | When loan was taken | Purpose of loan | Allowable (Maximum limit) |
| Self-Occupied | On or after 1/04/1999 | Construction or purchase of house property | ₹ 2,00,000 |
| On or after 1/04/1999 | For Repairs of house property | ₹ 30,000 | |
| Before 1/04/1999 | Construction or purchase of house property | ₹ 30,000 | |
| Before 1/04/1999 | For Repairs of house property | ₹ 30,000 | |
| Let Out | Any time | Construction or purchase of house property | Actual value without any limit |
Tax deductions specified under Chapter VIA of the Income Tax Act
| Section 80C, 80CCC, 80CCD (1) | |
| Deduction towards payments made to 80CLife Insurance Premium Provident Fund Subscription to certain equity shares Tuition Fees National Savings Certificate Housing Loan Principal Other various items Combined deduction limit of ₹ 1,50,00080CCCAnnuity plan of LIC or other insurer towards Pension Scheme80CCD(1)Pension Scheme of Central Government | |
| Section 80CCD(1B) | ||
| Deduction towards payments made to Pension Scheme of Central Government, excluding deduction claimed under 80CCD (1) | Deduction limit of ₹ 50,000 | |
| Section 80CCD(2) |
| Deduction towards contribution made by an employer to the Pension Scheme of Central GovernmentIf the Employer is a PSU or OthersDeduction limit of 10% of salaryIf the Employer is Central or State GovernmentDeduction limit of 14% of salary |
Section 80CCH
Deduction in respect of contribution to Agnipath Scheme
| Where an assessee, being an individual enrolled in the Agnipath Scheme and subscribing to the Agniveer Corpus Fund on or after the 1st day of November, 2022, has in the previous year paid or deposited any amount in his account in the said fund Allowed a deduction in the computation of total income, of the whole of the amount so paid or depositedWhere the Central Government makes any contribution to the account of an assessee in the Agniveer Corpus Fund Allowed a deduction in the computation of total income of the whole of the amount so contributed |
| Section 80D |
| Deduction towards payments made to Health Insurance Premium & Preventive Health check upFor Self / Spouse or Dependent Children ₹ 25,000 (₹ 50,000 if any person is a Senior Citizen)₹ 5,000 for preventive health check up, included in above limitFor Parents ₹ 25,000 (₹50,000 if any person is a Senior Citizen)₹ 5,000 for preventive health check up, included in above limit Deduction towards Medical Expenditure incurred on a Senior Citizen, if no premium is paid on health insurance coverage For Self/ Spouse or Dependent Children Deduction limit of ₹ 50,000For Parents Deduction limit of ₹ 50,000 |
| Section 80DD | ||
| Deduction towards payments made towards maintenance or medical treatment of a Disabled Dependent or Paid / Deposited any amount under relevant approved scheme | Flat deduction of ₹ 75,000 available for a person with Disability, irrespective of expense incurred.The deduction is ₹ 1,25,000 if the person has Severe Disability (80% or more).= | |
Please note: If Taxpayer is claiming deduction u/s 80DD then its recommended to file form 10-IA also before filing of return.
Form 10IA can be filed later also however it is recommended to file form 10-IA along with return of income to avoid any inconvenience later.
| Section 80DDB | ||
| Deduction towards payments made towards Medical treatment of Self or Dependant for specified diseases | Deduction limit of ₹ 40,000 (₹ 1,00,000 if Senior Citizen) | |
| Section 80E | |
| Deduction towards interest payments made on loan for higher education of Self or relative | Total amount paid towards interest on loan taken |
| Section 80EE | |
| Deduction towards interest payments made on loan taken for acquisition of residential house property where the loan is sanctioned between 1st April 2016 to 31st March 2017 | Deduction limit of ₹ 50,000 on the interest paid on loan taken |
| Section 80EEA | |
| Deduction available only to individuals towards interest payments made on loan taken for acquisition of residential house property for the first time where the loan is sanctioned between 1st April 2019 to 31st March 2022 & deduction should not have been claimed u/s 80EE | Deduction limit of ₹ 1,50,000 on the interest paid on loan taken |
| Section 80EEB | |
| Deduction towards interest payments made on loan for purchase of Electric Vehicle where the loan is sanctioned between 1st April 2019 to 31st March 2023 | Deduction limit of ₹ 1,50,000 on the interest paid on loan taken |
| Section 80G |
| Deduction towards Donations made to prescribed Funds, Charitable Institutions, etc.Donation are eligible for deduction under the below categoriesWithout any limit 100% deduction50% deductionSubject to qualifying limit 100% deduction50% deduction Note: No deduction shall be allowed under this section in respect of donation made in cash exceeding ₹ 2000/- |
| Section 80GG |
| Deduction towards rent paid for house & applicable to only those who are self-employed or for whom HRA is not part of SalaryLeast of the following shall be allowed as deductionRent paid reduced by 10% of Total Income before this deduction₹ 5,000 per month25% of Total Income (excluding long term capital gains, short term capital gains under section 111A or income under section 115A or 115D) Note: Form 10BA to be filled for claiming this deduction. |
| Section 80GGA |
| Deduction towards Donations made for Scientific Research or Rural Development Donation are eligible for deduction under the below categories:Research Association or University, College or other Institution forScientific Research Social Science or Statistical ResearchAssociation or Institution for Rural Development Conservation of Natural Resources or for AfforestationPSU or Local Authority or an association or institution approved by the National Committee for carrying out any eligible project Funds notified by Central Government forAfforestation Rural DevelopmentNational Urban Poverty Eradication Fund as setup and notified by Central Government Note: No deduction shall be allowed under this Section in respect of donation made in cash exceeding ₹ 2000/- or if Gross Total Income includes income from Profit / Gains of Business / Profession |
| Section 80GGC | ||
| Deduction towards Donations made to Political Party or Electoral Trust | Deduction towards Donations made to Political Party or Electoral Trust | |
| Section 80TTA | ||
| Deduction on interest received on saving bank accounts by Non-Senior Citizens | Deduction limit of ₹ 10,000/- | |
| Section 80TTB | ||
| Deduction on interest received on deposits by Resident Senior Citizens | Deduction limit of ₹ 50,000/- | |
| Section 80U | ||
| Deductions for a resident individual taxpayer with Disability | Flat ₹ 75,000 deduction for a person with Disability, irrespective of expense incurredFlat ₹ 1,25,000 deduction for a person with Severe Disability (80% or more), irrespective of expense incurred | |
Please note: If Taxpayer is claiming deduction u/s 80U then it is recommended to file form 10-IA also before filing of return.
Form 10IA can be filed later also however it is recommended to file form 10-IA along with return of income to avoid any inconvenience later.
