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The Income Tax Department has released Excel-based ITR Filing Utilities for Financial Year 2024-25 (Assessment Year 2025-26). The Excel Utilities for ITR-1 and ITR-4 are now available for filing.
Who Can File ITR Now?
ITR-1: Residents with total income up to Rs. 50 lakh, including income from salaries, one house property, other sources (like interest), long-term capital gains under section 112A up to Rs. 1.25 lakh, and agricultural income up to Rs. 5,000.
ITR-4: Residents (Individuals, HUFs, Firms other than LLP) with total income up to Rs. 50 lakh from business and profession under sections 44AD, 44ADA or 44AE, and long-term capital gains under section 112A up to Rs. 1.25 lakh.
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