a) The total income of an individual must not exceed Rs.50 lakh
b) His/her source of income must be salary, one house property and other sources of income, i.e., interest income, dividend etc. and agricultural income up to Rs.5,000 only.
c) Individual must be Ordinarily Resident Indian
If a salaried individual satisfies the above conditions, then he/she can file a tax return using the ITR-1 form. However, if a salaried individual has income from any other source such as capital ..
A salaried individual can file his/her tax return using the ITR-2 form if he/she:
a) Is a director of a company
b) Is holding an investment in unlisted equity shares
c) Has income from salaries, more than one house property, capital gains, foreign income and other sources of income
d) Is holding assets outside India
e) Total income exceeds Rs 50 lakh
f) Hindu Undivided Family (HUF)
g) Is a non-resident individual or a resident individual (both ordinarily or not ordinarily.