ITR Filing FY 2023-24: Which is the correct Income Tax Return form for salaried taxpayers - ITR-1 or ITR-2? Find out

Quick Summary:

Do remember that from financial year 2023-24, the new income tax regime is the default income tax regime.

Salaried individuals meeting the specified requirements can use the ITR-1 form to file a tax return.

However, a salaried person cannot use ITR-1 if they are a non-resident or have income from other sources, such as capital gains or foreign income.

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Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: India

Topics: Salaried taxpayer Itr filing fy 2023-24 Itr-1 Itr-2 ITR form Income tax return

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-30 @ 18:10:34 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 629 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Times of India

News ID: 21855009

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