Income Tax: ITR-1 or ITR-2? Which one should you choose when filing returns? Eligibility, differences and more explained

July 10, 2025

Income tax: ITR form selection is vital for tax returns. ITR-1 suits salaried individuals with income up to ₹50 lakh, whereas ITR-2 caters to a wider income spectrum. Filing the wrong form can cause rejection by the Income Tax Department and delay refunds.

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