JPEG/JFIF
JPEG (Joint Photographic Experts Group) is a compression method. JPEG compression is (in most cases) lossy compression. Every digital camera can save images in the JPEG/JFIF format, that produce relatively small files. The JPEG/JFIF format also is used as the image compression algorithm in many Adobe PDF files.
JPEG is the most suitable format for web design and ho preseve more quality.
TIFF
The TIFF (Tagged Image File Format) format is a flexible format. Some digital cameras can save in TIFF format. TIFF remains widely accepted as a photograph file standard in the printing business. OCR (Optical Character Recognition) software packages commonly generate some (often monochromatic) form of TIFF image for scanned text pages.
GIF
(Graphics Interchange Format) is limited to an 8-bit palette, or 256 colors. This makes the GIF format suitable for storing graphics with relatively few colors such as simple diagrams, logos and cartoon style images. The GIF format supports animation and is still widely used to provide image animation effects. It also uses a lossless compression that is more effective when large areas have a single color, and ineffective for detailed images.