FY 2025-26 | AY 2026-27

Income Tax Return (ITR) Filing Has Started!

The wait is over! File your taxes with 100% accuracy, maximize your deductions, and get your refunds processed swiftly.

  • Fast 24-Hour E-FilingQuick turnaround with priority processing.
  • Maximize Tax RefundsExpert claim of all eligible deductions under Old & New Regimes.
  • 100% Error-Free & SecureReviewed by Senior Tax Auditors with end-to-end data encryption.
Income Tax Return Filing Started Poster

Required Documents & Details

Please gather these documents to complete your Income Tax filing smoothly.

Personal KYC: PAN Card & Aadhaar Card (linked together).
Bank Account Statements: All savings & current accounts for the period 01-04-2025 to 31-03-2026.
Business Details: Sales, Purchases, Closing Stock value, and detailed business expenses (for Business returns).
Capital Gain Details: Statement of purchase and sale of shares, mutual funds, or properties (if any).
Rental Income Details: Details of house property rent received and home loan interest certificates (if any).
Other Income Details: Dividend statements, savings bank interest certificate, and fixed deposit tax certificates.
Deduction & Investments: Section 80C (LIC, PPF, ELSS), 80D (Health Insurance), and NPS certificates.

Important Tax Deadlines

Stay compliant and avoid penalties by keeping track of these key dates for the current financial year.

31JULY

Individual ITR Filing

For salaried employees and non-audit cases.

31OCT

Audit Cases ITR

For businesses requiring tax audits.

31DEC

Belated / Revised ITR

Last date to file belated or revise your return.

AY 2026-27 Interactive Tax Calculator

Compare Old vs New Tax Slabs & Estimate Your Savings Instantly

Includes basic salary, bonuses, business profits, interest, etc.
PPF, ELSS, Insurance premiums, etc. (Applies to Old Regime only)
House Rent Allowance, LTA, etc. (Applies to Old Regime only)

Old Regime

23,400

Estimated Tax Due

  • Gross Income8,00,000
  • Total Deductions-₹2,50,000
  • Net Taxable Income5,50,000
RECOMMENDED CHOICE

New Regime

23,400

Estimated Tax Due

  • Gross Income8,00,000
  • Total Deductions-₹75,000
  • Net Taxable Income7,25,000

Both regimes result in the exact same tax liability for you.

*Disclaimer: This is an estimation tool. Actual tax computations depend on specific sub-sections, rebates, and capital gains structures. Consult a Tax Element expert for precise planning.

Income Tax Filing FAQ

Frequently asked questions regarding ITR, deadlines, and online verification.

ITR-1 is for salaried individuals with one house property and income under ₹50 Lakhs. ITR-2 is for individuals with capital gains or foreign assets. ITR-3 is for individuals with business profits or professional income. ITR-4 (Sugam) is for presumptive business taxation under section 44AD/44ADA. We help map you to the correct form.

Yes, PAN-Aadhaar linking is mandatory. The income tax portal will reject filings if your PAN is inactive due to not linking with Aadhaar. You can verify your linking status or contact us for help.

If you file after the deadline, a late fee under Section 234F is applicable (₹1,000 for income up to ₹5 Lakhs, and ₹5,000 for income above ₹5 Lakhs). Additionally, you will pay interest at 1% per month on outstanding tax dues, and you cannot carry forward business or capital losses.

Tax Element

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