Step-By-Step Guide To Filling ITR-2 Form

Step-By-Step Guide To Filling ITR-2 Form

A step-by-step guide to filing ITR-2, covering eligibility, schedules, deductions like 80C, and online or offline filing methods

Written by : Knowledge Centre Team

2026-02-12

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7 minutes read

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Income tax laws can be intimidating for individual investors and taxpayers anywhere in the world. While taxation in India is no different, taxpayers are assigned different ITR forms based on their source of income and residential status.

ITR-2 is one such form applicable to individual and HUF taxpayers. However, unlike the commonly used ITR-1 Form, ITR-2 is meant for taxpayers with specific types of income. Let’s find out who should file ITR-2 and in what situations it applies:

Key Takeaways


  • ITR-2 is applicable to individuals and HUFs without business or professional income but with sources like salary, capital gains, or foreign assets
  • ITR-2 must be filed electronically using the Income Tax e-Filing portal, either online or through the official offline utility, and must be e-verified
  • Taxpayers opting for the old tax regime can claim deductions such as Section 80C by reporting them correctly in Schedule VI-A
  • Various schedules in ITR-2 capture different income types, losses, deductions, and disclosures, making accurate schedule selection critical
  • If total income exceeds ₹50 lakh, disclosing assets and liabilities in Schedule AL is mandatory to ensure compliance

What is the ITR-2 Form?

The taxpayers in India are categorised based on their income, and different ITR forms are prescribed based on the nature and source of their income. One such Income Tax Return (ITR) form is ITR 2. ITR 2 form is used by individuals and Hindu Undivided Families (HUFs), who are not engaged in any profession or business, to file their income tax return.

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Who Should Use the ITR-2 Form?

The form is for those individuals and HUFs who generate income other than income under the head ‘Profits and Gains from Business or Profession’. If you are generating income from one of the following sources, you have to file ITR 2

  • Income from Salary/Pension

  • Income generated from house property - it can be from more than one property

  • Income from Capital Gains/losses on the sale of investments/property - both long and short term

  • Income from Other Sources - other sources include winning amounts from the Lottery, bets on Racehorses and other legal means of gambling

  • Income above ₹5000 from agriculture

  • Foreign Income/Foreign Assets

  • Resident not ordinarily resident and a Non-resident

  • Director in a listed and unlisted company

  • Individuals with total income exceeding ₹50 lakh are also required to furnish asset and liability details in Schedule AL

What are the Different Modes of Submission?

There are two ways in which you can file ITR 2 - offline and online.

  • Filing ITR-2 Offline: While you cannot submit a physical paper return for ITR-2, the Income Tax Department provides an offline utility that allows you to prepare your ITR-2 return without an internet connection using the official software before uploading it on the e-Filing portal.

    To file ITR-2 offline:
    1. Download the offline utility for the relevant assessment year from the official Income Tax portal under “Downloads to Offline Utilities.”
    2. Install and open the utility, then fill in your return details directly in the tool.
    3. Generate a JSON file of your filled return through the utility.
    4. Upload the JSON file on the Income Tax e-Filing portal and complete the filing process.
    5. Verify your return electronically using Aadhaar OTP, net banking, digital signature, or other e-verification options available on the portal.

This offline utility prepares the return offline and requires e-verification after upload for ITR-2 to be considered complete.

  • Filing ITR-2 Online: You can file ITR 2 by filling and submitting the return directly on the Income Tax e-Filing portal. The return can be filed with or without a digital signature.

    If the return is filed with a digital signature, the verification is completed automatically, and you will receive the acknowledgement on your registered email ID.

    If the return is filed without a digital signature, it must be verified electronically using Aadhaar OTP, net banking, EVC, or by sending a signed ITR-V to the Centralised Processing Centre (CPC), Bengaluru.

    You can download the acknowledgement from your email or directly from the Income Tax e-Filing portal. If verification is done using ITR-V. If you submit your ITR 2 form electronically with a digital signature, you will receive the acknowledgement on your registered email id.

    You can download the acknowledgement from your email or manually download it from the Income Tax website. Once downloaded, you will have to sign it and send it to the Income Tax Department’s CPC office in Bangalore unless the return is verified electronically through the available online modes.

    ITR 2 is an annexure-less form, which means you don't need to provide any additional documents when you send your ITR 2 form.
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Did You Know?

In FY25, India saw a consistent rise in income tax return filings, with 83.9 million ITRs filed, up about 4% year-on-year


Source: BS

Cut Tax Stress 46,800

Structure of the ITR-2 Form

The ITR 2 Form is divided into two parts. Part A contains general information like Name, Address, DOB, PAN number, Aadhar number, Contact Number, and Email Address. Part B deals with the computation of total income and tax liability.

Along with Part A and Part B, the form also includes various schedules that capture details of income, deductions, tax paid, and other disclosures. Below is the detailed bifurcation of the schedules:

Schedule S

Contains details of your income from salary

Schedule HP

Contains details of your income from house property

Schedule CG

Computes your income under capital gains: long-term and short-term

Schedule OS

Calculates your income from other sources like gifts, savings accountinterest, dividends from co-operative banks, etc

Schedule CYLA

Outlines your losses, and their set-off against income from other heads

Schedule BFLA

Reflect the adjustment of brought forward losses from the previous years against the current year's income

Schedule CFL

Used to carry forward any of your losses to the future assessment year

Schedule VIA

Contains your tax-saving deductions:

These include payment under 80C (Life insurance, PPF, PF, NSC), 80CCC (Investment in pension funds), 80E (Interest payment of higher education loan), 80CCG, 80G (Donation made to various funds and charitable institutions), etc.

Schedule 80G/ 80GG

Captures the donationseligible under section 80G and rent paid deductions under section 80GG 

Schedule AMT

Computes the Alternate Minimum Tax payable under section 115JC, if applicable

Schedule AMTC

Computation of tax credit under section 115JD

Schedule SPI

Contains income arising from your spouse, minor child, or your son’s wife if their income needs to be clubbed with the taxpayer’s income

Schedule SI

Reports income chargeable to tax at special rates, such as certain capital gains.

Schedule EI

Contains details of Exempt Income.

Schedule PTI

Contains your income from business trusts or investment funds

Schedule FSI

Contains your income outside India

Schedule TR

Provides details of taxes paid outside India for claiming relief

Schedule FA

Mandatory for reporting Foreign Assets and foreign income from any source outside India, you need to provide those details in this schedule.

Schedule AL

Applicable if your total income exceeds ₹50 lakh. This schedule requires disclosure of movable and immovable assets along with related liabilities. Non-residents and Resident Not Ordinarily Residents need to report only assets located in India.

Schedule 5A

Applicable to individuals governed by the Portuguese Civil Code, where income is apportioned equally between spouses

Part B-TI – Computation of Total Income:

Gross Total Income is the aggregate of all your income sources, like salary, house property, and other sources. The total taxes saving deductions are deducted from your Gross Total Income to compute Total Income.

Part B-TTI – Computation of Tax Liability:

Based on your total income, your tax liability is calculated.

Once you have filled in all the information, there will be verification at the end, ensuring that the details given by you are factually correct and self-attested.

How to Claim 80C Deduction in ITR-2?

To claim a deduction under Section 80C while filing ITR-2, you must report your eligible investments and expenses in Schedule VIA of the return. Common qualifying items include life insurance premiums, Public Provident Fund contributions, Employees’ Provident Fund, National Savings Certificates, and certain pension or tax-saving investments, subject to the overall limit prescribed under the Income-tax Act.

When understanding how to fill 80C in ITR 2, ensure that the investment amounts entered match your actual contributions made during the financial year and are supported by valid records, even though documents are not uploaded with the return. Correctly reporting the 80C deduction in ITR 2 helps reduce your taxable income and ensures accurate computation of your final tax liability.

Conclusion

Filing ITR-2 requires a clear understanding of eligibility, income reporting, and the correct use of schedules to ensure accurate tax computation. By carefully disclosing income from all applicable sources, verifying details, and claiming eligible deductions such as 80C in ITR 2, taxpayers can file their returns correctly and remain compliant with income tax regulations. A systematic and informed approach not only simplifies the filing process but also helps avoid errors and future notices.

Glossary

  1. ITR-2 Form: An income tax return form for individuals and HUFs with income other than business or professional income
  2. Schedule VIA: A section in ITR-2 where deductions under Chapter VI-A, including Section 80C, are reported
  3. Capital Gains: Profit or loss arising from the sale of capital assets such as property, shares, or mutual funds
  4. Resident Not Ordinarily Resident: A residential status under income tax law with specific tax implications on foreign income
  5. Alternate Minimum Tax: A minimum tax applicable in certain cases to ensure that taxpayers with deductions pay a base level of tax
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FAQs

ITR-2 applies to individuals and Hindu Undivided Families (HUFs) who do not earn income from business or profession but have sources such as capital gains, foreign income or assets, income from multiple house properties, or total income exceeding ₹50 lakh. It is also used in cases where ITR-1 is not applicable, such as holding unlisted shares, being a company director, or having agricultural income above ₹5,000.

Before filing ITR-2, keep these documents ready for accurate reporting (though they are not uploaded):

  • Salary: Form 16, salary slips

  • Other income: Bank interest statements, Form 26AS, and AIS

  • House property: Rent details, municipal tax receipts, home loan interest certificate

  • Capital gains: Sale and purchase documents, broker or fund house statements

  • Deductions: Proof for Sections 80C, 80D, 80E, 80G

  • Others: PAN, Aadhaar, bank details, foreign income or asset details (if any)

To disclose income from multiple house properties or rental income in ITR-2, you must fill in Schedule HP by reporting each property separately and classifying it as self-occupied, let-out, or deemed let-out. For let-out properties, mention the gross rent received, deduct municipal taxes and the standard deduction of thirty percent of the net annual value, and include interest paid on any housing loan.

Yes, deductions under Sections 80C, 80D, and 80G can be claimed in ITR-2 only if you opt for the old tax regime. These deductions are not available under the new regime. All eligible amounts must be reported in Schedule VI-A.

  • How to add 80C deduction in ITR 2: Enter eligible investments such as PPF, Life Insurance, ELSS, or tuition fees (up to ₹1.5 lakh) in Schedule VI-A

  • Section 80D: Report health insurance premiums in the dedicated 80D section

  • Section 80G: Declare eligible donations in Schedule 80G

 

Keep supporting documents like Form 16 and receipts for verification, though they are not uploaded with the return.

To e-file ITR-2 for AY 2024–25, log in to the Income Tax e-Filing portal. Then, select File Income Tax Return, choose ITR-2, and fill in the required income and deduction details. You can do this either online or choose the offline utility. After validating and submitting the return, e-verify it using Aadhaar OTP, net banking, or EVC to complete the process.

Section 80C is not disabled in ITR-2, but it may appear inactive or unavailable due to the tax regime selected. In most cases where users report 80C not showing in ITR 2 or 80C deduction not showing in ITR 2, the reason is that the new tax regime has been chosen.

Under the new tax regime, deductions under Chapter VI-A, including Section 80C, are not allowed, which is why the field is disabled or hidden. To claim 80C deductions, you must opt for the old tax regime, after which the 80C section becomes editable in Schedule VI-A.

In short, if 80C appears disabled in ITR-2, check and change your selected tax regime before proceeding.

Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.

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