29/7/2024, 12:40:04 pm

Which ITR form should salaried person use to file income tax return?

The deadline for filing income tax returns (ITRs) for FY 2023-24 is July 31, 2024, with a new tax regime as the default option. Salaried individuals with income up to Rs 50 lakh can file ITR-1, while those with income from capital gains, foreign income, or other sources must file ITR-2. Missing the deadline carries monetary and non-monetary implications.