Which ITR form should I use for FY 2025-26?

ITR-1 (Sahaj): Salary/pension + one house property, income up to Rs 50 Lakh, no capital gains. ITR-2: Salary + capital gains from stocks, mutual funds, or property, or foreign assets. ITR-3: Business or professional income with regular books. ITR-4 (Sugam): Presumptive income under 44AD/44ADA. ITR-5/6: Firms and companies. ITR-7: Trusts and non-profits.

What is the penalty for late filing of ITR after 31 July 2026?

Late filing fee under Section 234F: Rs 5,000 if total income exceeds Rs 5 Lakh; Rs 1,000 if income is Rs 5 Lakh or below. Interest at 1% per month on unpaid tax under Section 234A also applies. Capital losses cannot be carried forward if ITR is filed after the due date.

🗓️ ITR Filing Season Open — Last Date 31 July 2026

File Income Tax Return
FY 2025-26 — Due: 31 July 2026

Q: What is the last date to file ITR for FY 2025-26?

The ITR filing last date for FY 2025-26 (AY 2026-27) is 31 July 2026 for salaried individuals, pensioners, and investors filing ITR-1 or ITR-2. For non-audit business cases (ITR-3/ITR-4), the deadline is 31 August 2026. For audit cases, it is 31 October 2026. A belated return can be filed until 31 December 2026 with applicable late fees under Section 234F.

Q: What is the difference between old and new tax regime for FY 2025-26?

The new tax regime (default from FY 2023-24) offers lower tax rates with standard deduction of Rs 75,000 and tax-free income up to Rs 12 Lakh with rebate under Section 87A. However, deductions under 80C, 80D, HRA, and home loan interest are not available. The old regime allows all deductions but has higher slab rates. TAXAJ computes liability under both and recommends the one that saves more tax.

Q: Can I file ITR without Form 16?

Yes. ITR can be filed without Form 16 using salary slips, Form 26AS, and Annual Information Statement (AIS) from the income tax portal. TAXAJ's CA team handles cases where Form 16 is unavailable or delayed, including multiple employer situations.

File your ITR for AY 2026-27 with TAXAJ's CA team. Salary, capital gains, NRI, business income, IT notices — all handled. Maximum refund. Zero errors. On-time guaranteed.

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Salaried / Investors

31 July 2026

ITR-1 (Sahaj) · ITR-2
Salary, Pension, Capital Gains

Business / Freelancers

31 August 2026

ITR-3 · ITR-4 (Sugam)
Non-Audit Business Cases

Tax Audit Cases

31 October 2026

ITR-3 · ITR-5 · ITR-6
Companies, Firms, Audit Required

Belated / Revised Return

31 December 2026

All Forms
Late filing fee applies

Updated Return (ITR-U)

31 March 2031

AY 2026-27
Up to 48 months window

⏳ Salaried Deadline (ITR-1/2) Closes In

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LAST DATE: 31 JULY 2026

ITR Filing FY 2025-26

What is Income Tax Return (ITR) & Why Must You File?

An Income Tax Return (ITR) is a mandatory declaration of your income, deductions, and taxes paid to the Income Tax Department for each financial year. For FY 2025-26 (AY 2026-27), the last date to file ITR is 31 July 2026 for salaried individuals and investors, and 31 August 2026 for non-audit business cases.

Under the new Income Tax Act 2025, Form 16 has been renumbered to Form 130 and Form 26AS to Form 168 from Tax Year 2026-27 onwards — however, FY 2025-26 filing still uses the familiar forms under the Income Tax Act, 1961. Filing ITR on time ensures you avoid late fees under Section 234F (up to ₹5,000), claim full refunds, carry forward capital losses, and maintain financial credibility for loans, visas, and investments.

Which ITR Form Do I Need?

Find Your Correct ITR Form in 10 Seconds

Select your primary income source and we'll tell you the right ITR form and deadline.

🔍 ITR Form Finder

Your income type determines your form. Select below:

What is your primary source of income for FY 2025-26?

How It Works

File Your ITR with TAXAJ in 5 Easy Steps

Our CA team handles everything — from document collection to e-verification and refund tracking.

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Share Documents

Upload Form 16 / Form 130, bank statements, investment proofs, and AIS/26AS via WhatsApp or portal.

🔍

CA Review

Our CA reconciles AIS, Form 26AS, TDS credits, and identifies maximum deductions under 80C, 80D, HRA, etc.

📊

ITR Computation

Tax liability computed, regime comparison done (Old vs New), and optimal form selected for maximum refund.

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Filing & Verification

ITR filed on income tax e-filing portal and e-verified via Aadhaar OTP or net banking. Acknowledgement sent.

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Refund Tracking

We track your refund status and assist with any defective return notices or refund re-issue if needed.

New Income Tax Act 2025

Old Tax Regime vs New Tax Regime — FY 2025-26

Both regimes are available for FY 2025-26. Our CA will compute your liability under both and recommend the one that saves you more tax.

Old Regime

With Deductions

Standard Deduction ₹50,000
Section 80C up to ₹1.5 Lakh (PPF, ELSS, LIC)
Section 80D — Health Insurance Premium
HRA Exemption for rent payers
Home Loan Interest (Sec 24b) up to ₹2L
NPS Additional ₹50,000 (Sec 80CCD(1B))
Best if deductions exceed ₹3.75 Lakh

New Regime (Default)

Lower Slabs, Fewer Deductions

Standard Deduction ₹75,000 (higher)
Tax-free up to ₹12 Lakh (with rebate u/s 87A)
No 80C, 80D, HRA deductions
Simpler computation — fewer forms
NPS employer contribution still exempt
Default regime from FY 2023-24 onwards
Best for most salaried with low deductions

Watch & Learn

ITR Filing Guides by TAXAJ on YouTube

Watch step-by-step ITR filing walkthroughs, regime comparisons, capital gains guides, and NRI tax tips in Hinglish on our YouTube channel.

Consequences of Missing Deadline

What Happens If You Miss the ITR Due Date?

Missing 31 July 2026 has financial and legal consequences. Here's the complete picture.

Consequence	Section	Impact
Late Filing Fee (Income > ₹5L)	Sec 234F	₹5,000
Late Filing Fee (Income ≤ ₹5L)	Sec 234F	₹1,000
Interest on unpaid tax	Sec 234A	1% per month
Loss of carry-forward (capital losses)	Sec 80	Losses lapse permanently
Cannot switch tax regime	—	Stuck with default new regime
Refund delay	—	Refund significantly delayed
Filing on time	—	✓ Full refund · Loss carry-forward · Regime choice · Visa / loan credibility

Documents Checklist

Documents Required for ITR Filing

Keep these ready before contacting TAXAJ. Our CA will guide you on each document.

Form 16 / Form 130

TDS certificate from employer. Contains salary breakup, tax deducted, and exemptions.

Annual Information Statement (AIS)

Download from income tax portal. Shows all income, TDS, SFT transactions reported against your PAN.

Bank Statements (All Accounts)

Full year statements for all savings and current accounts, including interest income details.

Investment Proofs (80C, 80D)

LIC premium receipts, PPF passbook, ELSS statements, health insurance premium receipts.

Capital Gains Statement

For stocks, mutual funds, crypto, or property sales. Download from broker / fund house portals.

Home Loan Interest Certificate

From bank / NBFC showing principal and interest breakup for the financial year.

Rent Receipts (HRA)

Monthly rent receipts and landlord PAN if annual rent exceeds ₹1 Lakh.

PAN & Aadhaar

Linked PAN-Aadhaar mandatory. Verify linkage on income tax portal before filing.

Frequently Asked Questions

ITR Filing FY 2025-26 — All Your Questions Answered

The ITR filing last date for FY 2025-26 (AY 2026-27) is 31 July 2026 for salaried individuals, pensioners, and investors filing ITR-1 or ITR-2. For non-audit business cases (ITR-3 / ITR-4), the deadline is 31 August 2026. For audit cases, it is 31 October 2026. A belated return can be filed until 31 December 2026 with applicable late fees.

ITR-1 (Sahaj): Salary/pension + one house property + other sources. Income up to ₹50L. No capital gains, no directorship. ITR-2: Salary + capital gains (stocks, MF, property) + foreign assets / directorship. ITR-3: Business or professional income with books of accounts. ITR-4 (Sugam): Presumptive income under 44AD/44ADA/44AE. ITR-5/6/7: Firms, companies, trusts.

Yes, in many cases. ITR filing is mandatory if: (a) gross total income exceeds the basic exemption limit, (b) you want to claim a refund of TDS, (c) you have foreign assets or foreign income, (d) you have made deposits above ₹1 crore in bank accounts, (e) incurred electricity expenses above ₹1 lakh, or (f) spent above ₹2 lakh on foreign travel. Filing also maintains financial credibility for loans and visas.

Late filing fee under Section 234F: ₹5,000 if total income exceeds ₹5 Lakh; ₹1,000 if income is ₹5 Lakh or below. Additionally, interest at 1% per month on unpaid tax under Section 234A applies. Capital losses cannot be carried forward if ITR is filed after the due date. The option to choose the old tax regime is also lost for business income cases.

The new regime (default) offers lower tax rates with a standard deduction of ₹75,000 and tax-free income up to ₹12 Lakh (with rebate). However, deductions under 80C, 80D, HRA, and home loan interest are not available. The old regime allows all deductions but has higher slab rates. TAXAJ's CA will compute your liability under both regimes and recommend the one that saves you more money.

Yes. Even without Form 16, you can file ITR using your salary slips, Form 26AS, and Annual Information Statement (AIS) from the income tax portal. TAXAJ's CA team regularly handles cases where Form 16 is unavailable or delayed, especially for taxpayers who changed jobs or received income from multiple employers.

TAXAJ's ITR filing fee starts at ₹499 for simple ITR-1 (salary only) filing. Fees vary based on complexity: capital gains, multiple sources, NRI filing, business income, or audit cases attract higher fees. All fees are disclosed upfront before you commit. Zero hidden charges. Includes CA review, filing, e-verification, and acknowledgement.

The Income Tax Act 2025 replaced the Income Tax Act 1961 effective from 1 April 2026. However, FY 2025-26 (AY 2026-27) filing is still governed by the old Income Tax Act 1961. The new Act applies from Tax Year 2026-27 onwards. Key renaming: Form 16 → Form 130, Form 26AS → Form 168. For FY 2025-26, continue using familiar forms and processes as before — TAXAJ's CA team is fully updated.

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