Need I say more? I am pretty sure you would always have been in a fit when deciding on the file-type while saving an image from the internet. If you save your image in a wrong format, you could end up blurring an otherwise gorgeous photo. Since disk space is cheap, it is generally not a problem when dealing with images on your PC. But when it comes to dealing with images online, choosing a correct file-format can save you lots of bandwidth and time. If you'd like to know the details of the common image file-types, refer to the infographic below.
Hope you liked the infographic. Also hoping that you now know what format to use when dealing with images.