Salary - Income Tax Return- ITR-1 & ITR-2
An Income Tax Return (ITR) is a form that taxpayers use to report their income details and tax payments to the Income Tax Department.
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Table of Content
- Income Tax Return – Salary
- Benefits of Filing Salary ITR
Income Tax Return – Salary
Income Tax E-Filing – Salary Eligibility:
Income Threshold Crossed
Benefits of Filing Salary ITR:
1. Legal Compliance :
- It’s a legal obligation if your income exceeds the exemption limit.
- Avoid penalties under Section 234F for late or non-filing.
FAQs for Shop and Establishment Registration
Yes, if your income exceeds the exemption limit (₹2.5L/₹3L/₹5L depending on age).
Yes, but you’ll need your salary slips, 26AS, and AIS to fill in details manually.
You can file a belated return by 31st Dec 2025, but with a late fee.
Yes. You must e-verify within 30 days to complete the process.
Yes, salaried individuals can choose a regime each year while filing ITR.
Yes, especially if you want to claim refunds or fulfill legal requirements.
Use ITR-1 if income ≤ ₹50L and no capital gains/multiple properties.
Use ITR-2/3 for other cases.
Yes, through the official portal or with help from a tax expert.
Yes, you can revise your return any time before 31st December 2025 for AY 2025–26.
• PAN & Aadhaar
• Form 16
• Salary slips
• Bank statements
• Investment proofs (for deductions)
• Form 26AS and AIS
Yes, most embassies and banks ask for ITRs for the last 2–3 years.
Only under Updated Return (u/s 139(8A)) within 2 years from the end of the assessment year—with additional tax.
Yes. You must disclose all sources of income, including:
• Interest from FDs/savings
• Rental income
• Capital gains
You can file a revised return before the deadline to correct it.
Possibly yes. If your income exceeds limits, or high-value transactions are reported, the IT Dept. may issue a notice.
Yes! The Income Tax India mobile app and website support mobile-friendly e-filing.
