Itr 1 or itr 2

Ashish (XYZ) (86 Points)

19 July 2013  

Hi All

Recently there has been an amendment in Income Tax Rules for ITR filing which says that person with exempt income of Rs 5000 is required to file ITR2 .

Can you please advise on which ITR 1 or 2 should be filed by an assesse who is having only and only salary income higher than Rs 5,00,000 and of course exempt income (HRA, conveyance all etc. greater than 5000).

Your prompt reply will he highly appreciated.