Which ITR Form to File for FY 2024-25? Choose the Right One in Minutes

To choose the correct ITR (Income Tax Return) form for Financial Year (FY) 2024–25 (Assessment Year 2025–26), you need to consider factors like your income type, amount, residential status, and whether you're an individual, HUF, or company.

Here's a quick guide to help you choose the right ITR form in minutes:

✅ For Individuals/HUFs
1. ITR-1 (Sahaj)
Who can use: Resident individuals (not HUF) with:

Salary/pension income

One house property

Other sources (excluding lottery, race horses, etc.)

Agricultural income up to ₹5,000

Total income up to ₹50 lakhs

Who cannot use:

Director in a company

Holds unlisted shares

Foreign income or assets

Capital gains

Business/professional income

2. ITR-2
Who can use:

Individuals and HUFs with:

Capital gains

More than one house property

Foreign assets/income

Income above ₹50 lakhs

Not for: Those with business/professional income

3. ITR-3
Who can use:

Individuals/HUFs with business/professional income

Also applicable if you're a partner in a firm

Includes all incomes under ITR-2 + business income

4. ITR-4 (Sugam)
Who can use:

Resident Individuals/HUFs/Firms (other than LLP)

Income under presumptive taxation scheme (Sections 44AD, 44ADA, 44AE)

Total income up to ₹50 lakhs

Not for:

Directors in a company

Holding unlisted shares

Foreign assets/income

✅ For Others
5. ITR-5
For: LLPs, firms, AOPs, BOIs (except those filing ITR-7)

6. ITR-6
For: Companies (excluding those claiming exemption under section 11)

7. ITR-7
For: Trusts, political parties, institutions claiming exemption under sections like 11, 12, 10(23C), etc.