Income Tax Form for Assessment Year 2015-2016

Income tax  forms for Assessment year 2015-2016 is released by income tax department.

For Assessment year 2015-2016, every person (not being a co.) to e-file (Electronic Income tax Return) the income tax return if its total income exceeds Rs. 5,00,000. While filing the return care should be taken to ensure that you select correct Income tax forms. Please use the comment section at bottom for any query.

Due date for filing Income tax return for non-audit cases for Assessment Year 2015-2016 is 31.08.2015. (Income tax return due date is extended from 31.07.2015 to 31.08.2015)

Please note Income tax department has released income tax forms in PDF format only, these IT forms can be used for filing manual income tax return. Excel based and java based online income tax forms will be released by end of June month. We will upload income tax forms for Ay 2015-2016, as soon as, these forms are available.

Changes in Income Tax form For Ay 2015-16:

1) Assesses are required to mention details of all bank accounts  held during the previous year.

Bank account details are required to be mentioned irrespective of whether bank account is closed or open. Following details are required to be mentioned:

  • Bank Account number
  • IFSC Code
  • Adhar Card no.
  • Name of the Bank
  • Name of Joint holder if any
  • Balance in bank account as on 31.03.2015

2) Assesses are required to mention Details of foreign travel and expenses incurred during the year . 

Following details are required to be mentioned:

  • Country visited during the year
  • Number of times visited
  • In case of a resident, expenses incurred from own sources, if any, in relation to such travel

Need help in filing income tax return, : – Just send us your form16 , make payment and relax, we will file your income tax return.

Visit here for Salary Income Tax return 

Professional and Business Income Tax return 

Form No Usage  Excel PDF File
ITR 1 For Individuals having Salary and Interest Income ITR1 ITR1
ITR 2 For Individuals and HUF’s not having income from Business or Profession ITR2 ITR2
ITR 3 For Individuals and HUF’s who are partners in firm and not having any income from Business or Profession as proprietorship ITR3
ITR 4 For Individuals and HUF’s having income from Business or Profession ITR4
ITR 4S For Individuals and HUF’s having income from Presumptive Business ITR4s ITR4S
ITR 5 For Firms, AOPs, BOI, and LLP ITR5
ITR 6 For companies other than companies claiming exemption under section 11  ITR6
Instruction Instructions to file Return ITR-1,2,3, 4 ,4S and 5 1,2,3,4S,5
ITR-V Where the data of the Return of Income in Forms Saral-II (ITR-1), ITR-2, ITR-3, ITR-4, ITR-5 & ITR-6 transmitted electronically without digital signature. ITRV
Form No Who can use this Return Form
ITR 1 This Return Form is to be used by an individual whose total income for the assessment year 2015-16 includes:-(a) Income from Salary/ Pension; or
(b) Income from One House Property (excluding cases where loss is brought forward from previous years); or
(c) Income from Other Sources (excluding Winning from Lottery and Income from Race Horses)Who cannot use this Return Form

  • This Return Form cannot be used by any resident having any asset (including financial interest in any entity) located outside India or signing authority in any account located outside India.
  • Has claimed any relief of tax under section 90, 90A or 91
  • Has income exceeding Rs. 5,000 which is not chargeable to tax. In other words, if assessee claims exemption in respect of any income under sections 10, 10A, 10AA, etc.
ITR 2 Income Tax Return Form 2 is to be used by an individual or a Hindu Undivided Family whose total income for the assessment year 2015-16 includes:-(a) Income from Salary / Pension; or
(b) Income from House Property; or
(c) Income from Capital Gains; or
(c) Income from Other Sources (including Winning from Lottery and Income from Race Horses).
Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used where such income falls in any of the above categories.Who cannot use this ITR 2 Return Form: This Return Form should not be used by an individual whose total income for the assessment year 2015-16 includes Income from Business or Profession.

Read more on: Which Income Tax form to use ITR 1 or ITR2

ITR 3 For Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship
ITR 4 For individuals and HUFs having income from a proprietory business or profession
ITR 4S Sugam – Presumptive Business Income tax Return
ITR 5 For firms, AOPs and BOIs
ITR 6 For Companies other than companies claiming exemption under section 11

Use our Income tax calculator for effective Income tax planning.

Income Tax Form for Assessment Year 2015-2016
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4 Responses to Income Tax Form for Assessment Year 2015-2016

  1. subrata roy says:

    How is it possible that online return is must when 70% of villagers not known how to e-file, they r now just know how to operate mobile not income tax software in online mode or based,

    • Tax Dost says:

      Subrata, It is correct that most of the people don’t possess the knowledge of operating computer and filing tax return.

      It is advisable to hire a consultant ,a Chartered Accountant or a TRP.

      They possess knowledge and experience to guide in best way. People who tend to file returns even manually , make mistake leading to queries from income tax department.

  2. unnati shah says:

    Hi,

    If an individual is a shareholder, Which ITR form should he use?
    No Transactions for the year & net income below exemption limit.

    Regards,
    Unnati shah