MM TAX CLUB

The Income Tax Department has officially enabled filing of ITR-1 and ITR-4 for Assessment Year 2025-26 on the Income Tax e-Filing Portal. Along with this, the department has also released the Excel-based Utilities (Version 1.0) for both return types.

Download Links for Excel Utilities (Version 1.0) – Released on 30-May-2025
ITR-1 Utility – Click here to download
ITR-4 Utility – Click here to download

Key Details:

✅ ITR-1 (Sahaj)

For individuals who are:

• Residents (other than not ordinarily resident)

• Total Income up to ₹50 lakh

• Income sources:

  • Salary or pension

  • One house property

  • Other sources (e.g. interest income)

  • Long-Term Capital Gains under Section 112A up to ₹1.25 lakh

  • Agricultural income up to ₹5,000

✅ ITR-4 (Sugam)

For Individuals, HUFs, and Firms (other than LLP) who are:

• Residents

• Total Income up to ₹50 lakh

• Income sources:

  • Business or profession income under presumptive taxation (Sections 44AD, 44ADA, or 44AE)

  • Long-Term Capital Gains under Section 112A up to ₹1.25 lakh

Other Released Documents:

• Schema Files (JSON Format)

• Validation Rules (PDF Format)

  • ITR-1: 444 KB

  • ITR-4: 544 KB

All documents released on: 30-May-2025

Start Filing Early to Avoid Last-Minute Rush!
If you qualify under ITR-1 or ITR-4, download the Excel utility and begin preparing your return. Early filing ensures accuracy, reduces stress, and helps you receive your refund (if any) faster!

Need help with your ITR filing? Contact MM Tax Club for affordable, professional assistance.