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June 14, 2026
The Dispatch

Definition

ITR (Income Tax Return) Types

ITR forms are different return formats (ITR-1 to ITR-7) prescribed for different categories of taxpayers and income sources.

The income-tax department prescribes several ITR forms. ITR-1 (Sahaj) suits salaried individuals with modest income from salary, one house property and other sources; ITR-2 is for those with capital gains or more than one property; ITR-3 is for individuals with business or professional income; and ITR-4 (Sugam) is for presumptive business income.

Forms ITR-5, 6 and 7 apply to firms, companies and trusts. Picking the correct form matters — filing the wrong one can render the return defective.

You must also verify the return after filing (commonly via Aadhaar OTP) within the prescribed window, or it is treated as not filed. Returns are filed online through the income-tax portal.

Related terms

  • Self-Assessment TaxSelf-assessment tax is the balance tax you pay yourself at the time of filing your return if TDS and advance tax fell short.
  • Form 16Form 16 is the certificate your employer gives you summarising your salary and the tax deducted at source during the year.
  • Annual Information Statement (AIS)The AIS is a comprehensive statement of a taxpayer's financial transactions reported to the tax department, used to help file accurate returns.

Plain-English explainer from The Dispatch Investors Encyclopedia. General information, not financial advice.