Filing of Income Tax returns for the Financial Year 2025-26 (Assessment Year 2026-27) is officially active. This guide consolidates everything you need to file on time and stay compliant.
1. Crucial Deadline: July 31, 2026
For salaried individuals, freelancers, and businesses not requiring tax audits, the final date to file ITR is July 31, 2026. Missing this date invites a late fee up to ₹5,000 under Section 234F.
2. Slabs Comparison (Budget Slabs)
The standard deduction under the New Tax Regime is ₹75,000 for salaried employees. Net taxable income up to ₹7 Lakhs incurs zero tax due to Section 87A rebate. In contrast, the Old Regime permits claiming HRA, Home Loan interest, and section deductions (80C/80D), but with higher tax rates.
3. Mandatory Documents Checklist
- PAN Card & Aadhaar Card
- Form 16 (for salaried)
- Annual Information Statement (AIS) & Taxpayer Information Summary (TIS)
- All Savings/Current Bank account statements
- Proof of deductions (80C, 80D)
Direct Secure Document Upload
Upload your Form 16 and statements to our safe server or WhatsApp our numbers. We verify, calculate, and e-file your ITR quickly.
Upload your Form 16 and statements to our safe server or WhatsApp our numbers. We verify, calculate, and e-file your ITR quickly.