What is ITR (Income Tax Return)? — Meaning, Definition & Example
Definition
ITR is an annual tax document filed with the Income Tax Department declaring your total income, deductions, and tax liability for a financial year. Filing is mandatory if income exceeds ₹3 lakh (or ₹2.5 lakh under Old Regime). There are 7 ITR forms (ITR-1 to ITR-7) for different income types.
If you're a salaried employee with income from salary and one house property, you file ITR-1 (Sahaj) before July 31 each year.
🇮🇳 ITR (Income Tax Return) in Hindi / हिंदी में
ITR (इनकम टैक्स रिटर्न) — ITR आयकर विभाग को प्रस्तुत किया जाने वाला वार्षिक कर दस्तावेज है जिसमें आपकी कुल आय, कटौती और कर देनदारी घोषित की जाती है।
ITR (Income Tax Return) (Hinglish) — ITR ek annual tax document hai jo Income Tax Department ko file karna hota hai. Total income, deductions aur tax liability declare karte ho. ₹3 lakh se zyada income pe filing mandatory hai.