ITR filing FY 2020-21: ITR-1 Sahaj for salaried individuals comes with a minor change this time, all you must know

This year's income tax return will be filed for the Assessment Year 2021-22 or FY 2020-21. The ITR this year is applicable for income earned between April 1, 2020 and March 31, 2021.

New Delhi: The last date to file Income Tax Return (ITR) is December 31. In order to avoid last minute hassle, it is advised that you file your ITR before time.

This year's income tax return will be filed for the Assessment Year 2021-22 or FY 2020-21. The ITR this year is applicable for income earned between April 1, 2020 and March 31, 2021. (Also read: Know your Income Tax slab, check detailed table here)

This year, tax filers, filing ITR FY 2020-21 can choose the New Tax Regime which has caused minor changes in all the ITR forms except ITR form 7. Whether or not a tax filer is opting for the new tax regime must be clearly mentioned. The simple declaration is for filing ITR-1 (Sahaj) while others will have to file a separate form 10IE or 10IF.