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ITR Filing for individual
ITR Filing Guide for Individuals (AY 2026-27)
Expert compliance for the New Income Tax Act, 2025 cycle.
Introduction to ITR
An Income Tax Return (ITR) is the declaration of your earnings and tax payments to the government. The 2026 cycle marks the transition to the unified "Tax Year" concept.
| Filing Period | Applicable Law | Due Date |
|---|---|---|
| AY 2026-27 (FY 25-26 income) | Old Income Tax Act, 1961 | 31 July 2026 |
| Tax Year 2026-27 onwards | New Income Tax Act, 2025 | 2027 onwards |
3. Tax Slabs (AY 2026-27)
Key Benefit: In the New Regime, income up to ₹12,00,000 is TAX-FREE (via Section 87A rebate).
| Income Slab | New Regime (Default) | Old Regime (Optional) |
|---|---|---|
| Up to ₹2,50,000 | NIL | NIL |
| ₹4,00,001 – ₹8,00,000 | 5% | 5% (above 2.5L) |
| ₹8,00,001 – ₹12,00,000 | 10% | 20% (above 5L) |
| Above ₹24,00,000 | 30% | 30% (above 10L) |
Important Documents
| Form | Purpose |
|---|
Choosing the Right ITR Form
ITR-1 (Sahaj)For salaried individuals with income up to ₹50 lakh.
ITR-2For capital gains, foreign income, or multiple properties.
ITR-3For Individuals/HUF with business or professional income.
ITR-4 (Sugam)For presumptive income up to ₹50 lakh.
New Tax Regime Slabs
Under the New Tax Regime, you pay Zero Tax for income up to ₹12 Lakhs due to Section 87A rebate benefits.
8-Step Filing Process
1. Login
2. Gather Docs
3. Select Form
4. Choose Regime
5. Enter Income
6. Verify
7. Pay Tax
8. E-Verify
5. Deadlines & Penalties
Deadlines
- Salaried: July 31, 2026
- Business: Aug 31, 2026
- Audit Cases: Oct 31, 2026
Late Filing Fees
₹1,000 (Income ≤ ₹5L)
₹5,000 (Income > ₹5L)
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