ITR-1 and ITR-4 Excel utilities out: Check who can file and what's new this year
The Income Tax Department has released the Excel utilities for ITR Forms 1 and 4 for AY 2025–26. Eligible taxpayers can now download them from the official portal and start preparing their returns for FY 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.'
advertisementThis update comes after the ITR filing deadline was extended to September 15, 2025, giving people more time due to changes in ITR forms, tech upgrades on the portal, and the need to fix TDS data before filing.
Here's a quick look at who can use ITR-1 and ITR-4, and what's new this year:WHO CAN FILE ITR-1 (SAHAJ)?ITR-1, also called Sahaj, is the easiest income tax return form, ideal for salaried individuals or pensioners. You can file it if your income comes from salary, one house property, or other sources like bank interest.A recent update now lets you use ITR-1 even if you have long-term capital gains (LTCG) up to Rs 1.25 lakh under Section 112A, provided no tax is due on it. Earlier, such taxpayers had to switch to ITR-2. But remember, you can't file ITR-1 if you have taxable capital gains, short-term capital gains, have sold property, or want to carry forward losses.WHO CAN FILE ITR-4 (SUGAM)?advertisementITR-4, also known as Sugam, is meant for individuals, Hindu Undivided Families (HUFs), and firms (other than Limited Liability Partnership) who opt for the presumptive income scheme.You can file this form if you earn income from a business or profession under Sections 44AD, 44ADA, or 44AE, and your total annual income doesn't exceed Rs 50 lakh.However, this form is not for you if you're a company director, own unlisted shares, have foreign income or assets, or earn over Rs 5,000 from agriculture.With the Excel utilities now available for download, eligible taxpayers can get a head start on their ITR filing for the year. Make sure you choose the correct form based on your income to avoid any trouble later.
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