Business Standard

A step-by-step guide to filling salary details in your income tax return

ITR-1 can be used to report income from salary, one house property, income from other sources, and agricultural income of up to Rs.5,000.

Income tax returns
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Archit Gupta Mumbai
Salaried individuals can file income tax returns (ITR) using the forms ITR-1 or ITR-2. ITR-1 applies to individual resident taxpayers with a total income of up to Rs 50 lakhs. Whereas, ITR-2 applies to other individual taxpayers who do not have income from business or profession.

ITR-1 can be used to report income from salary, one house property, income from other sources, and agricultural income of up to Rs.5,000. The form ITR-2 can be filed by individuals having income from more than one house property, capital gains, holding directorship in any company, or unlisted equity shares.  

The salary TDS certificate

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