Choose appropriate form assessment year 2025

To choose the appropriate Income Tax Return (ITR) form for Assessment Year (AY) 2025–26 (i.e., Financial Year 2024–25), you need to consider several factors:

Key factors:
Type of taxpayer – Individual, HUF, Company, Firm, etc.

Source of income – Salary, Business/Profession, House Property, Capital Gains, etc.

Residential status

Income level and whether audit is applicable

✅ Common ITR Forms for Individuals for AY 2025–26:
Form Who should use it
ITR-1 (Sahaj) Resident individuals (not HUF) with income up to ₹50 lakh from: Salary/pension, one house property, other sources (like interest), and agricultural income up to ₹5,000. Not for directors, capital gains, or foreign assets/income.
ITR-2 Individuals and HUFs not having income from business or profession. Suitable for those with: capital gains, more than one house property, foreign assets, etc.
ITR-3 Individuals and HUFs having income from business/profession (including presumptive income under Section 44ADA).
ITR-4 (Sugam) Resident individuals, HUFs, and firms (other than LLPs) with presumptive income under Sections 44AD, 44ADA, or 44AE and total income up to ₹50 lakh. Not for directors, foreign assets, or multiple properties.

If you tell me:

Your income sources

Your total income

Whether you’re self-employed

If you own foreign assets or are a company director