ITR Forms Comparison
Choose the right ITR form based on your income sources and requirements. Our expert CAs will help you file the correct form.
ITR-1 (Sahaj)
Simple form for basic salary earners
Who Can Use:
Resident Individuals & HUFs with income up to ₹50 lakhs
Income Sources Covered:
Features:
Key Restrictions:
- Cannot have capital gains
- No business income
- Only one house property allowed
ITR-2
For investors and multiple property owners
Who Can Use:
Individuals and HUFs not having business/profession income
Income Sources Covered:
Features:
Key Restrictions:
- No business or professional income
- Suitable for salaried + investors
ITR-3
For business owners and professionals
Who Can Use:
Individuals and HUFs with business or profession income
Income Sources Covered:
Features:
Key Restrictions:
- Requires audited accounts for business
- For professionals and business owners
ITR-4 (Sugam)
Simplified form for presumptive taxation
Who Can Use:
Individuals, HUFs, and Firms with presumptive income up to ₹50 lakhs
Income Sources Covered:
Features:
Key Restrictions:
- Only for presumptive taxation (44AD, 44ADA, 44AE)
- Simplified business income calculation
Quick Selection Guide
Simple salary + one house property?
Use ITR-1 (Sahaj) - The simplest form for basic income sources with minimal complexity.
Have capital gains or multiple properties?
Use ITR-2 - Perfect for investors and those with multiple income sources but no business.
Own a business or work as a professional?
Use ITR-3 - Required for all business owners, freelancers, and professionals with audited accounts.
Small business with presumptive taxation?
Use ITR-4 (Sugam) - Simplified form for small businesses opting for presumptive taxation schemes.
Need Help Choosing the Right ITR Form?
Our expert Chartered Accountants will help you determine the correct ITR form and ensure 100% accurate filing with maximum tax refunds.
Contact us at:
contactus@planmytax.aiOffice Address :- C Wing, KAILASH BUSINESS PARK, P2, Park Site Rd, HMPL Surya Nagar, Vikhroli West, Mumbai, Maharashtra 400079.
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