This discussion addresses which Income Tax Return (ITR) form an individual should choose for the financial year 2024-25. The user has a salary income of £1,25,000 and £400 interest from a savings bank account. They are seeking guidance on selecting the correct ITR form and the appropriate reason for filing when prompted, specifically between 'Taxable income is more than basic exemption limit' and 'Others'.
18 August 2025
MY INCOME FROM SALARY FOR LAST FINANCIAL YEAR WAS 1,25,000/- AND INTEREST FROM SB ACCOUNT IS RS.400/-
WHAT ITR SHOULD I CHOOSE FOR FILING.
WHILE FILING IT RETURNS IT SHOWS THE FOLLOWING
Are you filing the income tax return for any of the following reasons what should i select... Taxable income is more than basic exemption limit or Others