ITR Filing Deadline 2023: Stay Informed and File Your Taxes on Time
                     ITR Filing 
Deadline 
2023 
ITR Filing 
Deadline 2023
The last date for filing income tax returns for the 
financial year 2022-23 is 31st July 2023 for 
individuals not requiring tax audit. This deadline 
applies to all taxpayers except certain categories 
like companies.
Key Dates
January 01, 2023 October 31, 2023
Start of the financial Last date for filing ITR 
year 2022-23 for which for corporates and 
ITR needs to be filed. audit cases.
July 31, 2023
Last date for filing ITR for 
individuals and HUF 
whose accounts are not 
required to be audited.
Who needs to file ITR?
Individuals with taxable income Business owners with turnover over Rs Working professionals
exceeding the basic exemption limit 60 lakhs Salaried employees with income over Rs 2.5 
The basic exemption limit for FY 2022-23 is Rs All business owners with annual turnover lakhs must file ITR. This includes income from 
2.5 lakhs for individuals below 60 years of age. exceeding Rs 60 lakhs are required to file ITR all sources like house rent, interest etc.
So anyone with income above this limit must file irrespective of income.
ITR.
Individuals meeting the above criteria must file their ITR before the deadline to avoid penalties.
ITR Forms
Form Applicable For
Resident individuals having income up to 
ITR-1 Rs. 50 lakh from salary, one house 
property, interest etc.
Resident/Non-resident having income 
ITR-2 from salary, house property, capital gains, 
etc.
*Income Tax India website (www.incometaxindia.gov.in)
ITR 1
Applicability of ITR 1 form Who can use ITR 1 form? Who cannot use ITR 1 form?
This form is applicable for resident ITR 1 can be used by an individual being a Individuals who have income that cannot be 
individuals having total income up to Rs 50 resident other than not ordinarily resident reported in ITR-1 are not eligible to use this 
lakh and having income from salary, one having: (a) Income from Salary/ Pension; or form. For example, income from 
house property, other sources (interest etc.) (b) Income from One House Property; or (c) business/profession, capital gains, more than 
and agricultural income up to Rs 5,000. Income from Other Sources; and (d) one house property etc.
Agricultural Income up to Rs 5,000.
Documents required for ITR 1 ITR 1 filing process
Form 16, salary slips, interest certificates, Form 26AS, information about Verify applicability, collect documents, fill form online/offline, e-verify 
advance taxes/self-assessment taxes, details of home loan and return, submit and ensure successful filing.
investments etc.
ITR 2
Individuals and HUFs not Business income below Rs. 60 Capital gains, House property 
carrying out business or lakhs income
profession ITR 2 can be used by individuals and HUFs ITR 2 can be used for reporting income 
ITR 2 can be used by individuals and having business income below Rs. 60 from capital gains, house property etc in 
Hindu Undivided Families(HUFs) who do lakhs. addition to other sources of income.
not have any income from business or 
profession.
Not eligible for presumptive taxation Agricultural income above Rs. 5,000
Individuals and HUFs not eligible for presumptive taxation schemes ITR 2 must be used if the agricultural income is more than Rs. 5,000
like 44AD, 44ADA etc should file ITR 2.
ITR 3
Who should file ITR 3? Business entities covered Incomes to be reported in 
ITR 3 is filed by individuals and under ITR 3 ITR 3
HUFs having income from profits Sole proprietorship, partnership Profits from business, profession, 
and gains of business or profession. firms, LLPs, etc. should file ITR 3. house property, capital gains, other 
sources, etc. should be reported in 
ITR 3.
Deductions allowed under ITR 3 When to file ITR 3
Business expenses, house property loss, capital loss, etc. ITR 3 should be filed on or before the ITR filing deadline, 
can be claimed as deductions in ITR 3. i.e. 31st July for individuals and 30th September for audit 
cases.
ITR 4
Resident Individuals and Presumptive Income Scheme Freelancers
HUFs Freelancers like doctors, lawyers, 
ITR 4 is applicable for resident ITR 4 can be used by eligible assessees chartered accountants etc. with 
individuals and HUFs having total declaring income under presumptive turnover up to Rs. 50 lakh can file ITR 4.
income up to Rs. 50 lakh and having income scheme u/s 44AD, 44ADA and 
income from business/profession. 44AE.
Interest Income Not for Proprietors
Individuals having income from interest, family pension, etc. Proprietors of businesses/professions with turnover more than 
and do not have any other business income can file ITR 4. Rs. 2 crore cannot use ITR 4.
ITR 5
Who should file ITR 5? Documents required Due date
This form is applicable to firms and Audited books of accounts, capital 31st October of the assessment 
LLPs account, profit and loss account, year
balance sheet
Mode of filing Penalty for non-filing
ITR 5 can be filed online on the income tax e-filing portal Rs 5000 penalty if filed after due date but before 31st 
or offline December. Rs 10,000 post 31st December.
ITR 6
Who can use ITR 6? When to file ITR 6? Documents needed
ITR 6 can be used by companies, The due date for filing ITR 6 is 30th Audited books of accounts, profit 
firms, AOPs, BOIs, artificial juridical September of the assessment year. and loss account, balance sheets, 
persons, cooperative societies and audit reports etc.
local authorities.
Mode of filing Penalty for late filing
ITR 6 can be filed either online or in paper form. Penalty of Rs. 10,000 may be levied for late filing of ITR 
6.
ITR 7
Individuals with income from Income from house property Income from capital gains
salary/pension/family pension ITR 7 must be filed by individuals having 
Individuals having income from house capital gains income.
ITR 7 is applicable for individuals having property need to file ITR 7.
income from salary, pension or family 
pension.
Income from other sources Agricultural income above Rs. 5,000
Individuals with income from other sources like interest, family If the agricultural income exceeds Rs. 5,000, ITR 7 should be filed.
pension, etc. should use ITR 7.
Penalties
• Late Filing Fee • Prosecution
A late filing fee of Rs 5,000 will be payable if the ITR is The Income Tax Department may initiate prosecution 
filed after the due date but before December 31 of the proceedings if the ITR is not filed intentionally.
assessment year.
• Late Filing Fine
A late filing fine of up to Rs 10,000 will be payable if the 
ITR is filed after December 31 of the assessment year.