The Income Tax Department has officially commenced the Income Tax Return (ITR) filing process for the Financial Year 2024-25 (Assessment Year 2025-26).
As part of the initial rollout, the department has made the Excel-based utilities for ITR-1 and ITR-4 available for taxpayers. These utilities can be downloaded from the official income tax e-filing portal and are meant to assist salaried individuals and those opting for presumptive taxation in preparing and filing their returns.
Key Highlights:
- Available Forms: ITR-1 (Sahaj) and ITR-4 (Sugam)
- Format: Excel Utility
- Assessment Year: 2025–26
- Who Can Use It: Salaried individuals, pensioners, and small business owners eligible under ITR-1 and ITR-4
Taxpayers are encouraged to start the filing process early to avoid last-minute issues and ensure accurate compliance with tax regulations.
More ITR utilities in other formats (JSON or online mode) and for other ITR forms are expected to be released soon.