Income Tax: If you are filing your ITR for the first time, make sure you do the following
Published in Mint | August 2025
“Use ITR-1 if you are a salaried individual with total income up to ₹50 lakh etc. Filing with the wrong form may lead to your return being treated as defective or invalid. Choosing the correct form helps ensure proper reporting of all your income sources and eligible deductions, reducing chances of errors or missed benefits. Decide whether to opt for the old tax regime, which allows deductions like 80C and 80D, or the new regime, which offers simpler tax slabs but fewer deductions. Select the one that suits your situation,” says Avnish Arora, Executive Director, Direct Tax, Forvis Mazars in India