Filing ITR-1 Or ITR-4? Excel Utilities Are Out—Check Eligibility And What’s New This Year

New Delhi: Good information for taxpayers! The Income Tax Department has made the Excel utilities for ITR-1 and ITR-4 to be had for Assessment Year 2025–26. These can now be downloaded from the reliable portal that can assist you get ready your go back for the monetary yr 2024–25. The IT Department posted on X, “Attention taxpayers! The Excel Utility for ITR-1 and ITR-4 for AY 2025-26 has been enabled and is now available for taxpayers.”

The replace follows the extension of the ITR submitting closing date to September 15, 2025. It provides taxpayers additional time to record their returns. The extension was once introduced because of updates in ITR bureaucracy, technical enhancements at the portal and the wish to proper TDS data. Here’s a snappy evaluate of who can record the use of ITR-1 and ITR-4, and what’s other this yr.

Who Can File ITR-1? (SAHAJ)

ITR-1, sometimes called Sahaj, is the most straightforward source of revenue tax go back shape and is very best for salaried folks or pensioners. You can use it in case your source of revenue comes from a wage, one area belongings or different resources like passion from financial savings or mounted deposits.

A contemporary replace now means that you can record ITR-1 although you have got long-term capital positive factors (LTCG) as much as Rs 1.25 lakh below Section 112A, so long as no tax is payable on it. Earlier, such taxpayers had to make use of ITR-2. However, you’ll be able to’t use ITR-1 in case you have taxable capital positive factors, momentary capital positive factors, have offered belongings, or need to lift ahead any losses.

Who Can Use ITR-4 (Sugam)?

 ITR-4, also known as Sugam, is designed for people, Hindu Undivided Families (HUFs), and companies (with the exception of LLPs) who go for the presumptive source of revenue scheme. You can record this type in case your source of revenue comes from a trade or occupation below Sections 44AD, 44ADA, or 44AE, and your general source of revenue for the yr is as much as Rs 50 lakh.

However, ITR-4 isn’t for you in the event you’re an organization director, personal unlisted stocks, have source of revenue or property in another country, or earn greater than Rs5,000 from agriculture. Now that the Excel utilities are to be had, eligible taxpayers can get an early get started on submitting. Just be sure to pick out the best shape to steer clear of problems in a while.

New ITR Deadline Announced: September 15, 2025

The Income Tax Department has given taxpayers extra time to record their returns for the monetary yr 2024–25 (review yr 2025–26). The unique closing date of July 31, 2025, has now been prolonged to September 15, 2025. This extension comes as a aid, particularly after delays in issuing the ITR shape notifications.