Next Deadline
ITR-1 & ITR-2 Filing
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ITR Filing Due Dates - AY 2026-27
Complete calendar of all Income Tax Return filing deadlines for Financial Year 2025-26
Non-Audit Cases
ITR-1 & ITR-2
For salaried individuals, pensioners, and taxpayers with income from house property or other sources (non-business).
31
July
2026
Non-Audit Cases
ITR-3 & ITR-4
For individuals/HUFs having income from business or profession (non-audit cases including presumptive taxation).
31
August
2026
Tax Audit
Tax Audit Report
Form 3CA/3CB & 3CD - Audit report under Section 44AB for taxpayers whose turnover exceeds prescribed limits.
30
September
2026
Audit Cases
ITR for Audit Cases
For companies, LLPs, and individuals/firms subject to tax audit under Section 44AB.
31
October
2026
Transfer Pricing
ITR with TP Report
For taxpayers required to furnish transfer pricing report under Section 92E (international/specified domestic transactions).
30
November
2026
Belated/Revised
Belated & Revised Return
Last date to file belated or revised return for AY 2026-27 with applicable late filing fee under Section 234F.
31
December
2026
Which ITR Form Applies to You?
Choose the correct Income Tax Return form based on your income sources and taxpayer category
ITR-1 (Sahaj)
For Salaried Individuals
Resident individuals with total income up to ₹50 lakh from salary/pension, one house property, and other sources (excluding lottery/racehorses).
Not for:
Directors of companies, holders of unlisted equity shares, foreign asset holders, or those with agricultural income above ₹5,000.
ITR-2
For Individuals & HUFs
Individuals and HUFs with income from salary, multiple house properties, capital gains, foreign assets, or income above ₹50 lakh.
Not for:
Those having income from business or profession.
ITR-3
For Business & Profession
Individuals and HUFs having income from business or profession, including partners of a firm and those with F&O trading income.
Applicable for:
Sole proprietors, consultants, doctors, lawyers, freelancers, and traders.
ITR-4 (Sugam)
Presumptive Income Scheme
Resident individuals, HUFs, and firms (other than LLP) with presumptive income under Section 44AD, 44ADA, or 44AE.
Turnover limits:
Business - ₹2 crore (44AD), Profession - ₹50 lakh (44ADA), Goods carriage - as per 44AE.
ITR-5
For Firms & LLPs
Partnership firms, LLPs, AOP, BOI, artificial juridical persons, cooperative societies, and local authorities.
Not for:
Individuals, HUFs, companies, and trusts claiming exemption under specified sections.
ITR-6
For Companies
All companies (private limited, public limited, one person company) other than those claiming exemption under Section 11.
Mandatory:
E-verification with digital signature is compulsory for companies.
ITR-7
Trusts & Charitable Institutions
Persons including companies required to furnish return under Section 139(4A), 139(4B), 139(4C), or 139(4D) - trusts, political parties, research institutions.
Applicable for:
Charitable/religious trusts, political parties, universities, and educational institutions.
Important Information
Key points every taxpayer should know before filing ITR
Documents Required
- PAN & Aadhaar (linked)
- Form 16 (from employer)
- Form 26AS & AIS
- Bank account details
- Investment proofs (80C, 80D, etc.)
- Capital gains statements
- Rental income proofs
- Foreign asset details (if applicable)
Old vs New Regime
Choose between old regime (with deductions like 80C, HRA, LTA) and new regime (lower slab rates without most deductions).
- New regime is default from AY 2024-25
- Salaried can switch every year
- Business income switch is once in lifetime
- Compare tax liability before choosing
E-Verification Required
ITR must be e-verified within 30 days of filing. Methods available:
- Aadhaar OTP
- Net banking
- Bank ATM (limited banks)
- Digital Signature Certificate
- Sending signed ITR-V to CPC Bengaluru
Advance Tax
Required if total tax liability exceeds ₹10,000. Installments:
- 15% by 15th June
- 45% by 15th September
- 75% by 15th December
- 100% by 15th March
Penalties for Late/Non-Filing
Understand the consequences of missing ITR deadlines
| Situation | Section | Penalty / Consequence |
|---|---|---|
| Late Filing (Total Income up to ₹5 lakh) | 234F | ₹1,000 |
| Late Filing (Total Income above ₹5 lakh) | 234F | ₹5,000 |
| Interest on Late Payment of Tax | 234A | 1% per month on unpaid tax |
| Non-payment/Short payment of Advance Tax | 234B | 1% per month on shortfall |
| Deferment of Advance Tax | 234C | 1% per month for delay in installments |
| Loss cannot be carried forward if ITR filed late | 139(3) | Loss of set-off benefit |
| Not filing return when required | 276CC | Prosecution + fine (in serious cases) |
Frequently Asked Questions
Common questions about ITR filing for FY 2025-26
Who is required to file ITR?
Filing of ITR is mandatory if your gross total income exceeds the basic exemption limit (₹3 lakh under new regime; ₹2.5 lakh for others below 60 years). It is also required in cases such as: deposits above ₹1 crore in current accounts, foreign travel expenditure above ₹2 lakh, electricity consumption above ₹1 lakh, ownership of foreign assets, or high-value transactions specified under Section 139(1).
What happens if I miss the July 31 deadline?
You can still file a belated return until 31 December 2026, but with a late filing fee under Section 234F (up to ₹5,000). Additionally, you cannot carry forward losses (except house property loss), refund gets delayed, and interest under Sections 234A/234B applies on any unpaid tax.
Can I revise my ITR after filing?
Yes, a revised return can be filed under Section 139(5) any time before 31 December 2026 or before completion of assessment, whichever is earlier. There is no limit on the number of revisions, but each revision must correct genuine mistakes or omissions.
Is tax audit required for my business?
Tax audit under Section 44AB is applicable if: Business turnover exceeds ₹1 crore (₹10 crore if cash transactions are <5% of total); Professional receipts exceed ₹50 lakh; Presumptive taxation opted-out with income below prescribed rates and total income exceeding basic exemption limit.
How do I choose between old and new tax regime?
The new regime offers lower slab rates but disallows most deductions and exemptions. It is generally beneficial for taxpayers who do not have significant investments in Section 80C, home loan interest, HRA, or LTA claims. Comparing the actual tax liability under both regimes is recommended before making the choice.
What is Form 26AS and AIS?
Form 26AS is a consolidated tax statement showing TDS/TCS deducted, advance tax paid, and refunds received. The Annual Information Statement (AIS) provides a comprehensive view of financial transactions including interest, dividends, mutual funds, securities transactions, and foreign remittances. Both should be reconciled with your ITR before filing.
Disclaimer:
The information provided on this page is for general reference only and is based on current tax laws as applicable for FY 2025-26 (AY 2026-27). Tax laws are subject to change through amendments, notifications, and circulars issued by the Central Board of Direct Taxes (CBDT). Readers are advised to verify current provisions and consult a qualified Chartered Accountant before making any filing decisions.
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