Which ITR Should a Salaried Person File?
A salaried person's ITR form depends on more than salary. A straightforward resident employee may qualify for ITR-1, while capital gains, foreign assets, unlisted shares, multiple house properties or other exclusions can require ITR-2.
Quick Answer
In practical terms, A salaried person's ITR form depends on more than salary. A straightforward resident employee may qualify for ITR-1, while capital gains, foreign assets, unlisted shares, multiple house properties or other exclusions can require ITR-2.
Simple salaried case
Salary/pension plus permitted house-property and other-source income, within the applicable limits and without ITR-1 exclusions, is the typical ITR-1 case.
Salary plus stock-market gains
Taxable short-term capital gains generally make ITR-1 unavailable. If the taxpayer has no business/professional income, ITR-2 is generally the form to examine.
Salary plus rental properties
The number and nature of house properties matter. AY 2026-27 permits up to two house properties in ITR-1, subject to the other eligibility conditions. More than two generally points toward ITR-2 when there is no business/professional income.
Salary plus foreign income
Foreign assets or foreign-source income can disqualify ITR-1. The taxpayer should examine ITR-2 and the relevant foreign schedules.
Related EZTax Questions
- Which ITR Form Should I File for AY 2026-27?
- Who Can File ITR-1 (Sahaj) for AY 2026-27?
- Who Can File ITR-2 for AY 2026-27?
- Who Can File ITR-3 for AY 2026-27?
- Who Can File ITR-4 (Sugam) for AY 2026-27?
