Archive · 18 Jul 2025
ITR-2 Now Online, Simplifying Income Tax Filing
The income tax department has made it easier to file your taxes if you have income from things like a job or investments.
They have made a special form (ITR-2) available online that fills in some of the information for you.
This is different from the form for people who own a business.
If you get your money from a job or investments, you can use this new, easy-to-use online form.
Before this, you could only use an excel sheet to file.
ITR-2 for income tax returns is now available online with pre-filled data.
ITR-2 is for individuals with income from salary, pension, capital gains, and other sources.
ITR-3 is for those with business or professional income.
Excel utilities for ITR-2 and ITR-3 were released on July 11.
Online mode is considered more user-friendly than the excel utility.
- Who
- The I-T department and individual taxpayers.
- What
- ITR-2 is enabled for online filing with pre-filled data.
- When
- The I-T department has enabled ITR-2 and released excel utilities on July 11.
- Where
- At the e-filing portal.
- Why
- To make filing income tax returns easier and more user-friendly.
Taxpayers
Tax Department
Filing Preferences
Taxpayers
Excel utility is available for tax filing
Tax Department
Online utility is more user-friendly.
- ITR-2 Purpose
- For individuals with income from salary, pension, capital gains, and other sources.
- ITR-3 Purpose
- For individuals and HUFs engaged in business or profession.
- ITR-1 Eligibility
- Resident individuals with a total income of up to ₹50 lakh.
- ITR-4 Eligibility
- Resident Individual/ HUF/ Firm (other than LLP) with income not exceeding ₹50 lakh during the FY.