New ITR‑1 and ITR‑4 Excel Utilities Available for FY 2025‑26 Filers

The tax authority introduced Excel‑based utilities for ITR‑1 and ITR‑4 filings on the e‑filing portal in May, offering taxpayers an alternative to the online submission process. These tools simplify data entry and enable bulk uploads, catering especially to individuals with straightforward income sources.

ITR‑1 (Sahaj) is designed for resident individuals earning up to Rs 50 lakh from salary, one house property, and other sources, and can also accommodate agricultural income up to Rs 5,000 per year. ITR‑4 serves those with business or professional income not exceeding the presumptive scheme limits, as well as Hindu Undivided Families (HUF) with income from capital gains and other non‑business sources.

Taxpayers can choose either the Excel utility or direct online filing, ensuring flexibility and convenience in meeting their compliance obligations for Assessment Year 2026‑27.