Income Tax Department Releases JSON Schema for ITR 1 and ITR 4 for AY 2024-25

The Income Tax Department has announced the release of JSON Schema for Income Tax Return (ITR) forms 1 and 4 for the Assessment Year 2024-25, corresponding to the Financial Year 2023-24. This move aims to streamline and digitize the tax filing process, making it more efficient and convenient for taxpayers. The release of these schemas will facilitate tax professionals and software developers in creating software compatible with the new forms, enhancing the filing experience for taxpayers.

ITR-1

For individuals being a resident (other than not ordinarily resident) having total income upto Rs.50 lakh, having Income from Salaries, one house property, other sources (Interest etc.), and agricultural income upto Rs.5 thousand.

Document: Schema (14 KB)
Date of first release of JSON Schema: 18th March 2024

ITR-4

For Individuals, HUFs and Firms (other than LLP) being a resident having total income upto Rs.50 lakh and having income from business and profession which is computed under sections 44AD, 44ADA or 44AE and agricultural income upto Rs.5 thousand.

Document: Schema (24 KB)
Date of first release of JSON Schema: 18th March 2024