ITR Filing 2025: Income Tax Department has released ITR1 and ITR 4 Form Utility Tool, know for which taxpayers these forms are necessary

ITR filing 2025: The Income Tax Department has released the ITR1 and ITR 4 form utility tool. So now taxpayers can download it.

What is ITR-1 and ITR-4: The Income Tax Department has released the Excel utility version of ITR-1 and ITR-4 forms for the financial year 2024-25 or assessment year 2025-26. Now taxpayers can download these forms by visiting the official website of Income Tax. The Income Tax Department has shared this information through social media platform X. The department wrote in the post, ‘Attention taxpayers! Excel utility for ITR-1 and ITR-4 is now available.’ This step has been taken to make return filing more easy and seamless for taxpayers.

For which taxpayers is ITR-1 form

Income Tax Return Form-1 (ITR-1) is for those taxpayers who earn from limited sources. It has been named Sahaj. For the current assessment year, this form can be filed only by resident individuals earning Rs 50 lakh or less. This can include salary, income from house property, interest and other sources of income, on which long-term capital gains up to Rs 1.25 lakh under section 112A can be claimed, and agricultural income not exceeding Rs 5,000. If you also fit these parameters, then you can use this form to file your return.

Who can fill ITR-4 form

At the same time, ITR-2 form has been named Sugam. This return form is for people earning from small business or profession. It can be filled by resident individuals, Hindu Undivided Families (HUF), and firms (except LLP). However, your total annual income should be less than Rs 50 lakh, while income from business or profession will be calculated under section 44AD, 44ADA or 44AE. This also includes long-term capital gain (LTCG) up to Rs 1.25 lakh under section 112A.

Last date for return filing also extended

Let us tell you that on Tuesday, the Income Tax Department had announced an increase in the last date for filing Income Tax Return (ITR). The Income Tax Department has extended it from 31 July 2025 to 15 September 2025. The department has taken this step due to the delay in issuing the notification of income tax return forms. In such a situation, taxpayers will get 45 days more time to file the return.

The post ITR Filing 2025: Income Tax Department has released ITR1 and ITR 4 Form Utility Tool, know for which taxpayers these forms are necessary first appeared on informalnewz.

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