Total number of Income Tax Returns (ITRs) filed till 6th June: 16,96,153 Have you filed your ITR, or are you waiting for your Form 16 or updating of TDS/TCS credits?

Have you considered submitting your income tax return this year?

Income Tax Return (ITR) Filing Last Date FY 2025-26 (AY 2026-27)

ITR filing last date for FY 2025-26 (AY 2026-27) is on 31 July, 2026.

Filing your income tax return accurately can help you avoid issues later.

  • Ensure that your income tax return is filed on time to prevent penalties.

    • ITR Filing Last Dates for FY 2025-26
    ITR filing last dates for FY 2025-26 (AY 2026-27).

    • Individual taxpayers (Salary & Capital Gains): 31st July 2026 for ITR-1 & ITR-2.
    • ITR-3 and ITR-4 (Business income – Non-audit cases): 31st August 2026
    • ITR-3 & ITR-4 (Business income – Audit required): 31st October, 2026.
    • ITR Filing Last Dates for Return of Entities with International Transactions (Specified Domestic Transactions) / Transfer Pricing for FY 2025-26.
    • Belated (Late) Return: 31st December 2026
    • Revised Return: 31st March 2027
    • Updated Return (ITR-U): 31st March 2031 (4 years from end of relevant Assessment Year).
    • ITR due dates are applicable only unless extended by Income Tax Department.

    Consequences of Missing the ITR Filing Deadline
    Interest
    1% per month or part thereof on unpaid tax under section 234A.

  • Late filing of your income tax return can incur additional fees.
  • Review your income tax return carefully to ensure all information is correct.

    • Late Fee
    Late Fee as per Section 234F.

    Rs.5,000 for total income exceeding Rs. 5 Lakh.
    Rs.1,000, if total income does not exceed Rs.5 lakh.

    The Income Tax Act 2025 is due to come into force on 1st April 2026. Although it will apply for the subsequent years, for the Assessment Year 2026-27 some provisions of the Income Tax Act 1961 will continue to apply in respect of income earned up to 31st March 2026.

    Failing to file your income tax return on time can lead to significant penalties.

    The table below sets out a comparison of corresponding sections of the Income Tax Act 1961 and the new Income Tax Act 2025.

    NatureIncome Tax Department Act 1961Income Tax Act 2025
    Interest for late/ non-filing of returnSection 234ASection 423
    Late filing feeSection 23FSection 428
    Belated  return Section 139 (4)Section 263 (4)
    Revised return Section 139 (5)Section 263 (5)

    Understanding the implications of your income tax return is crucial for compliance.

    Consider seeking professional help to file your income tax return efficiently.

    ITR Forms for AY 2026-27 — Which One Applies to You?

    Do not forget to include all sources of income in your income tax return.

    The CBDT notified all ITR forms (ITR-1 to ITR-7) on March 30, 2026. Choosing the correct form is critical — filing the wrong form can lead to a defective return notice.

    Track your income tax return status after submission to ensure timely processing.

    FormWho Should File?
    ITR-1(SAHAJ) ✔ Residential Status: Resident Individuals (not HUF or Company)-✔ Income Limit: Having an Income of Up to 50 Lakhs INR✔ Income Sources:Salary income or pension IncomeIncome from up to two house properties (self-occupied or let-out),other sources (Interest, Family, Pension, Dividend)Agricultural Income up to ₹ 5,000LTCG u/s 112A up to Rs. 1.25 lakh..
    ITR-2✔ Individuals and HUFs not eligible for ITR-1.✔ Applicable for capital gains, more than 2 house properties, or foreign income/assets.
    ITR-3✔ Individuals and HUFs with income from business or profession. Also for partners in a firm.(who is not eligible for ITR 1, 2 and 4)
    ITR-4✔ Applicability: Individuals, HUFs, and firms (not LLP) under presumptive taxation (Sec. 44AD, 44ADA, 44AE).✔ Income Limit: Income up to Rs. 50 lakh.✔ Presumptive Sections:Section 44AD: Small business (presumed profit 8% or 6% of turnover).Section 44ADA: Professionals (presumed profit 50% of gross receipts).Section 44AE: Truck business.
    ITR-5✔ Firms, LLPs, AOPs, BOIs, co-operative societies, and trusts not covered by ITR-7.
    ITR-6✔ All companies except those claiming exemption under Section 11 (trusts). Must file electronically with DSC.
    ITR-7✔ Charitable/religious trusts, political parties, universities and other entities under Sec. 139(4A)/(4B)/(4C)/(4D).
    ITR-U✔ Filed to correct mistakes or report missed income. Can be filed within 48 months (4 years) from the end of the relevant AY. Additional tax payable.

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