ITR filing 2025: Excel utilities for ITR 1 and 4 for FY 2024-25 (AY 2025-26) released by Income Tax Dept; Check who can file
The
Income Tax Department
has released the Excel utility versions of Income Tax Return (ITR) Forms 1 and 4 for the Assessment Year 2025–26. These tools are now available for download on the official income tax
e-filing portal
, allowing eligible taxpayers to start preparation for filing of income tax returns for FY 2024-25 (AY 2025-26).
The Income Tax Department has announced the release of excel utilities via a post on X (formerly Twitter). '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 Income Tax Department said on X.
— IncomeTaxIndia (@IncomeTaxIndia)
Himank Singhla, Partner at SBHS & Associates, says, 'It's a big relief to see that the Excel Utilities for ITR-1 and ITR-4 for Assessment Year 2025–26 have been released by the Income Tax Department. I have already filed ITR-4 using Excel Utility, and I am happy to share that the process was smooth - there are no major changes in the ITR-4 schema compared to last year, which makes it even easier for regular filers and tax professionals. However, a very important change has been made in the schema for ITR-1. A new validation rule has been introduced in the utility itself: if certain TDS section codes appear in Schedule TDS2 or TDS3—such as 194B, 194BB, 194S, 194LA, 195, 196A, 194Q, 194R and others—the income tax return will now be considered invalid for filing under ITR-1. This means taxpayers having income under special rates or from sources like online games, lotteries, crypto, property transfers, must use ITR-2 or other appropriate forms.This is a very welcome and practical change. In past years, many taxpayers unknowingly filed ITR-1 with such incomes, only to face defective return notices from CPC. By building this validation directly into the utility, the Department has helped prevent incorrect filings at source, saving both time and confusion.'
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Crossout: New Apocalyptic MMO
Crossout
Play Now
Undo
Also read:
When will salaried employees get Form 16 to file income tax return for FY 2024-25 (AY 2025-26)?
Choose right income tax return form for ITR filing FY 2024-25 (AY 2025-26)
Taxpayers are advised to carefully check the eligibility criteria before selecting and filing their income tax return FY 2024-25 (AY 2025-26). Choosing the incorrect form may lead to complications or rejection of the ITR by the Income Tax Department. Tax experts recommend thorough reading of the instructions to avoid errors in ITR filing.
Live Events
Who is eligible to file ITR 1 for FY 2024-25 (AY 2025-26)?
For the financial year 2024–25 (assessment year 2025–26), resident individuals (excluding those classified as not ordinarily resident) with a total income of up to Rs 50 lakh — including income from salary, one house property, other sources such as interest, long-term capital gains under Section 112A up to Rs 1.25 lakh, and agricultural income not exceeding Rs 5,000 — are eligible to file ITR-1.
ITR filing last date extended from July 31, 2025, for FY 2024-25 (AY 2025-26): Check the new date here
Who cannot use ITR 1 to file income tax return for FY 2024-25 (AY 2025-26)?
ITR-1 cannot be used taxpayers who are either Director in a company or have invested in unlisted equity shares or in cases where TDS has been deducted u/s 194N or if income-tax is deferred on ESOP or has assets (including financial interest in any entity) located outside India.
Who is eligible to file ITR 4 for FY 2024-25 (AY 2025-26)?
For individuals, Hindu Undivided Families (HUFs) and Firms (other than LLP) being a resident having total income up to Rs 50 lakh and having income from business and profession which is computed under sections 44AD, 44ADA or 44AE, and having long-term capital gains under section 112A up to Rs 1.25 lakh for FY 2024-25 (AY 2025-26).
How to file ITR Excel utilities forms
These ITR forms are editable forms that can be downloaded from the income tax website. Individuals can download these forms, fill them up and upload them back onto the e-filing income tax website. These forms are available in Excel and JSON (JavaScript Object Notation) format.
Steps to download ITR-1 and ITR-4 for FY 2024-25 (AY 2025-26)
The Excel utility forms for ITR 1 and 4 are editable tools that can be downloaded, filled offline, and uploaded on the income tax e-filing website. Here are some steps you can follow to download forms ITR-1 and ITR-4
Step 1: Visit the Income Tax e-filing portal
Step 2: Download the applicable ITR form (Excel version)
Step 3: Fill in the details as per your income profile
Step 4: Validate the form and generate the XML or JSON file
Step 5: Upload it on the portal to complete the filing process
With the release of these utilities, it's time for eligible taxpayers to begin gathering their financial documents and start filing their returns well before the due date of September 15, 2025 for FY 2024-25 (AY 2025-26).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
an hour ago
- India.com
Meet Indian genius Pranjali Awasthi, built Rs 100 crore company at just 16, she is now making....
Meet Indian genius Pranjali Awasthi, built Rs 100 crore company at just 16, she is now making.... Women are breaking shackles and redefining success in every space around the world. And, Pranjali Awasthi is one of those changemakers. She is proof that young women are not only dreaming big, but they are doing it with tenacity, talent, and a vision for their futures. Born in India and based in the US, she began coding at the age of seven, landed research lab internships by 13, and launched her own AI startup, at just 16. Meet Indian genius Pranjali Awasthi, built Rs 100 crore company at just 16, she is now making…. According to her LinkedIn profile, Pranjali attended Doral Academy Charter High School from 2019 to September 2021, where she pursued a STEM-focused curriculum and completed her education up to the 10th grade. She is currently pursuing a Bachelor of Science (BS) in Computer Science at the Georgia Institute of Technology. Pranjali's journey is an amazing combination of passion and opportunity. She was born in India and at the age of 11, she moved to Florida. Her father, a computer engineer, encouraged and embraced her growing interest in coding. In a little more than a year, her startup was valued at approximately Rs 100 crore (almost $12 million), reported IndiaToday. This showcases her determination, talent, and vision at such a young age. She immersed herself in computer science and competitive mathematics during her school years, resulting in an internship at the Neural Dynamics of Control Lab at Florida International University. It was there that she was introduced to machine learning projects at a young age (before realizing she was working on research that aimed at identifying the different varieties of ADHD based on EEG data), reported IndiaToday. Pranjali created in Miami in January 2022 with the main goal of making research easy for everyone. The AI-driven platform is intended for end-users to extract and summarize information from academic content, PDFs, and other documents. The platform can search through many files at once, connect to cloud drives, and users can export their results into a CSV file. They have a free plan, and paid plans that include more advanced features and functionality to accommodate the user's advanced research needs. As per India Today, has garnered popularity and quickly raised approximately $450,000 (₹3.89 crore) in financing from investors including Backend Capital and Village Global. As of October 2023, it's valued at approximately ₹100 crore. Researchers are praising platform for reducing a substantial amount of repetitive R&D work by 75%, drastically saving time and energy in academic or technical efforts. Previously, she worked as Workshop lead at Upsilon Pi Epsilon, research intern at Swartz Center for Computational Neuroscience, Florida International University. She is also the co-founder of Dash. Pranjali is already onto her next big thing — Dash. She calls it, 'ChatGPT with hands.' Dash differs from previous AI chatbots in its ability to not just chat, but to also do things, bringing the element of automation to the conversation. Just last month, Dash reached the number one product on Product Hunt, which definitely be signified a positive signal from the tech community. Pranjali celebrated this milestone by sharing a LinkedIn post to announce the launch of Dash's official Discord server.
Time of India
an hour ago
- Time of India
Bike taxi riders detained during protest at Vidhana Soudha against suspension of services
A group of bike taxi riders protesting outside the Vidhana Soudha here on Saturday against the suspension of its operations following a Karnataka High Court directive, were detained by the police here. They sought urgent government intervention to lift the blanket ban and introduce a regulatory framework to govern bike taxi services . According to the police, soon after they gathered in front of Vidhana Soudha, they were detained and dispersed from the spot by the police. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Esse novo alarme com câmera é quase gratuito em Arroio Do Sal (consulte o preço) Alarmes Undo A case has also been registered against them for violating guidelines and attempting to protest in front of Vidhana Soudha without any prior permission. The riders urged the state government to introduce a clear policy that would allow them to resume operations while addressing safety and regulatory concerns. Live Events They stressed that bike taxis are an important part of Karnataka's transport ecosystem, providing jobs to thousands. Riders believe that with the right rules in place, bike taxis can continue to benefit everyone. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Earlier this month, a division bench of the Karnataka High Court refused to stay an earlier single-judge order that suspended bike taxi services in the state. The division bench, comprising Acting Chief Justice V Kameshwar Rao and Justice Sreenivas Harish Kumar, was hearing appeals filed by Uber India Systems Pvt Ltd, ANI Technologies Pvt Ltd (which operates Ola ), and Roppen Transportation Services Pvt Ltd (which operates Rapido), among others. The companies had challenged the April 2 ruling that directed them to halt bike taxi services within six weeks. The deadline was later extended till June 15. The single judge had observed that such services cannot operate unless the state government notifies specific rules and guidelines under the Motor Vehicles Act.
Time of India
an hour ago
- Time of India
Significant progress in ONGC well control operations at Guwahati site
Guwahati: Oil and Natural Gas Corporation Limited (ONGC) has made significant headway in its well control operations at RDS#147A, with the flow rate of gas having reduced substantially, marking a critical step forward in containment efforts. The international expert team from CUDD Pressure Control , USA, who arrived on site on Friday, has conducted a preliminary assessment of the situation and reviewed all actions undertaken by ONGC teams so far. The experts have expressed their agreement with the strategy and execution carried out to date, reaffirming the effectiveness of ONGC's approach to safely managing the well. Based on the forward plan jointly developed, extensive site preparations are underway to facilitate the next phase of action. The process of removing tubulars from the well has commenced, and mobilization of cranes for the removal of tubing from the rig floor is currently in progress. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Water blanketing continues around the clock as a key safety measure. Additionally, flood level monitoring of the nearby Dikhow River remains ongoing, ensuring all operations are aligned with environmental and safety protocols. ONGC is continuously monitoring the Low Explosive Limit (LEL) levels of air around the well site through real-time gas detectors to ensure safety. Medical assistance is being provided at the relief camp to support all those in need. Live Events ONGC remains committed to ensuring the highest standards of safety and operational excellence, working closely with international experts and local authorities to bring the well under complete control at the earliest.
