JPEG compresses files into small sizes, and most common file for pictures.
PNG compresses files, and PNG is a good choice for storing line drawings, text, and iconic graphics at a small file size
Gif allows moving images and also compresses thefile sizes into smaller sizes.
A TIF is a file format for scanned images in an attempt to get all companies to use one standard file format instead of multiple. TIF is an image format file for high-quality graphics. TIF files are also called .TIFF, which stands for Tagged Image Format File.