FY 2025-26 · AY 2026-27 · Deadline: 31 July 2026

ITR Filing Due Dates 2026 — Complete Guide for Every Taxpayer

With the ITR season in full swing, know your exact deadline — salaried employees, pensioners, business owners, companies and trusts. Don’t miss the 31 July 2026 deadline and invite penalties!

Source: incometax.gov.in
Section 139(1) | Section 234F | ITR-1 to ITR-7
Salaried · Business · Companies · Trusts
⏱ Key ITR Deadlines — AY 2026-27
31 Jul 2026
Salaried / ITR-1 & ITR-2
31 Aug 2026
Business / ITR-3 & ITR-4 (Non-audit)
31 Oct 2026
Tax Audit Cases / Companies
31 Dec 2026
Belated Return Deadline
31 Mar 2027
Revised Return Deadline
FILE ITR JULY 31 DEADLINE
💻 Salaried Employee Filing ITR — Deadline 31 July 2026
TAXPAYER ITR-1 Salaried Sahaj ITR-2 Capital Gains NRI / HUF ITR-3 Business / Profession ITR-4 Presumptive 44AD/ADA 31 July 31 July 31 August 31 August
📄 ITR Form Selector — Which Form For Which Taxpayer
12 3 6 9 Miss 31 July ₹5,000 penalty + Interest Miss 31 Dec Cannot file — ITR-U only File on Time ✓ Refund faster · No penalty
⏱ Late Filing Penalties — Miss the Deadline, Pay the Price

It’s ITR Season — Are You Filing on Time?

It’s that time of the year again — your employer has issued Form 16, the Income Tax Department has enabled online filing, and the clock is ticking toward 31 July 2026. For millions of salaried employees across India, the next 46 days are the most important tax window of the year.

Filing your Income Tax Return (ITR) on time is not just a legal obligation — it unlocks your tax refund faster, keeps your credit profile clean, and avoids interest and penalty under Sections 234A and 234F. Whether you’re a salaried employee in Hyderabad, a freelancer in Bengaluru, or a business owner in Mumbai — this guide tells you exactly what deadline applies to you, which form to file, and what happens if you miss it.

📌 Important Note for AY 2026-27 — Old Law Still Applies

Though the Income Tax Act 2025 came into force on 1 April 2026, the ITR you file this year — for income earned in FY 2025-26 — is still governed entirely by the Income Tax Act, 1961. The old ITR forms (ITR-1 to ITR-7) notified by CBDT on 30 March 2026 apply. The new Act’s forms apply only from Tax Year 2026-27 (due July 2027). This is confirmed by the Income Tax Department at incometax.gov.in.


ITR Filing Due Dates — Every Category at a Glance

The Finance Act 2026 introduced staggered ITR deadlines for AY 2026-27 for the first time — separating salaried individuals from non-audit business taxpayers. Finance Minister Nirmala Sitharaman confirmed this during the Union Budget 2026 presentation.

Taxpayer CategoryITR FormDue DateStatus
Salaried individuals & pensioners — salary, up to 2 house property, interest, LTCG u/s 112A up to ₹1.25LITR-1 (Sahaj)31 July 2026⏱ Urgent
Individuals with capital gains, NRIs, HUFs — salary + capital gains / foreign assets / more than 2 propertiesITR-231 July 2026⏱ Urgent
Individuals with business/profession income — not under presumptive taxation; not requiring auditITR-331 August 2026Coming Up
Small business / professionals — presumptive taxation under Section 44AD, 44ADA, 44AEITR-4 (Sugam)31 August 2026Coming Up
Partnership firms, LLPs — not requiring auditITR-531 August 2026Coming Up
Companies — all companies (audit mandatory)ITR-631 October 2026Later
Tax audit cases — individuals / firms with turnover above audit threshold (Section 44AB)ITR-3/531 October 2026Later
Trusts / NGOs / Political parties / RNPOsITR-731 October 2026Later
Transfer pricing cases — international transactions requiring TP reportITR-3/5/630 November 2026Extended
Belated Return — missed the above deadlinesAny applicable form31 December 2026With Penalty
Revised Return — correct errors in already filed returnAny applicable form31 March 2027Extended (New)
🆕 New This Year — Revised Return Deadline Extended

A significant change for AY 2026-27: the revised return deadline has been extended from 31 December to 31 March 2027. This means if you file your ITR before 31 July but later discover an error (wrong income, missed deduction, typo in bank account), you now have until 31 March 2027 to correct it — giving you the entire assessment year to fix mistakes at no additional penalty.


Salaried Employee? Everything You Need to Know Before 31 July 2026

If you earn a salary, pension, or both — and your total income is up to ₹50 lakh — ITR-1 (Sahaj) is your form. It is the most commonly filed ITR in India, covering millions of employees in the private sector, government, PSUs, and retirees.

✔ Who Can File ITR-1 (Sahaj) — AY 2026-27 New Expanded Eligibility

You can file ITR-1 if you are a Resident Individual (not NRI, not HUF) with:
• Income from salary or pension
• Income from up to 2 house properties (expanded from 1 in previous years — major new change for AY 2026-27)
• Income from other sources (interest from savings, FDs, etc.)
LTCG under Section 112A up to ₹1.25 lakh — another new addition to ITR-1 scope
• Total income does not exceed ₹50 lakh

❌ Who Cannot File ITR-1 — Must Use ITR-2 or Higher

• NRIs or Non-Ordinarily Resident individuals
• Income from business or profession (use ITR-3 or ITR-4)
• Capital gains other than LTCG u/s 112A up to ₹1.25L (short-term gains, F&O, crypto, mutual funds)
• More than 2 house properties
• Agricultural income exceeding ₹5,000
• Director in a company or holder of unlisted equity shares

Documents Checklist — Gather These Before You File

Essential Documents
  • Form 16 — Issued by employer by 15 June. Shows gross salary, TDS deducted, and exemptions claimed
  • AIS / TIS — Annual Information Statement & Taxpayer Information Summary from incometax.gov.in portal — your financial X-ray
  • Form 26AS — Cross-verify actual TDS/TCS credited to your PAN
  • PAN Card — Mandatory. Linked to all income and TDS
  • Aadhaar Card — Required for e-verification via Aadhaar OTP
  • Bank Account Details — Pre-validated account for refund credit. All active accounts must be disclosed
Income & Deduction Proofs
  • Bank Interest Certificates — From savings accounts, FDs, RDs (all banks)
  • 80C Proofs — LIC premium, PPF passbook, ELSS statements, NSC, tuition fees receipts
  • 80D — Health Insurance Premium receipt for self, spouse, children, and parents
  • Home Loan Interest Certificate — For house property deduction under Section 24(b)
  • Rent Receipts / Landlord PAN — For HRA exemption if not already reflected in Form 16
  • NPS / 80CCD(1B) — PRAN statement for additional ₹50,000 deduction under NPS

Step-by-Step: How to File ITR-1 Online

1
Log in to incometax.gov.in

Use your PAN as user ID. Go to e-File → Income Tax Returns → File Income Tax Return → Select AY 2026-27 → Online Mode → Individual → ITR-1.

2
Review Pre-filled Data from Form 16, AIS & TIS

The portal auto-fills salary, TDS, interest income, and other data from Form 26AS / AIS. Always cross-check every figure — do not just accept pre-filled data blindly. The AIS tracks mutual fund purchases, stock sales, FD interest, cash deposits, and more.

3
Choose Your Tax Regime — New or Old

New Tax Regime is the default. If you want to claim deductions (80C, 80D, HRA, home loan interest), you must explicitly select the Old Tax Regime by choosing “Yes” in the Personal Information section. Salaried individuals filing ITR-1 do not need Form 10-IEA — they can switch regime directly in the ITR every year.

4
Enter Income Details

Verify: Gross Salary → Exempt Allowances (HRA, LTA) → Standard Deduction ₹75,000 → Net Taxable Salary. Add interest income, house property income (if any), and LTCG up to ₹1.25L if applicable.

5
Enter Deductions (Old Regime Only)

Fill in Chapter VI-A deductions: Section 80C (up to ₹1.5L), 80D (health insurance), 80TTA (savings interest), 80G (donations), NPS under 80CCD(1B), etc.

6
Review Tax Computation & Pay Self-Assessment Tax (if any)

Check the auto-calculated tax liability vs TDS already deducted. If there is a shortfall, pay Self-Assessment Tax via Challan 280 before submitting the return. If TDS exceeds liability, the balance is your refund.

7
Submit and E-Verify within 30 Days

After submission, e-verify your ITR within 30 days using Aadhaar OTP, net banking, bank account EVC, or Demat EVC. An unverified ITR is treated as not filed. Verification is the final step that activates your return.

Worked Example — New Tax Regime vs Old Tax Regime

📉 Example — Mr. Ravi Kumar, IT Professional, Hyderabad

Gross Salary: ₹12,00,000 | HRA: ₹1,80,000 | 80C Investments: ₹1,50,000 | Health Insurance: ₹25,000

▶ New Tax Regime (Default)
Gross Salary₹12,00,000
Standard Deduction₹75,000
Taxable Income₹11,25,000
Tax (New Slabs)₹97,500
Health & Education Cess 4%₹3,900
Total Tax Payable₹1,01,400
▶ Old Tax Regime (Opt-in)
Gross Salary₹12,00,000
Standard Deduction₹75,000
HRA Exemption₹1,80,000
80C (LIC, PPF, ELSS)₹1,50,000
80D (Health Insurance)₹25,000
Taxable Income₹7,70,000
Tax (Old Slabs)₹64,500
Health & Education Cess 4%₹2,580
Total Tax Payable₹67,080
Savings by choosing Old Regime₹34,320 ✅

In this case, the old regime saves more due to high HRA + significant 80C/80D investments. Always compute both before choosing. New regime benefits those with fewer deductions / lower investments.

“The New Tax Regime is the DEFAULT for AY 2026-27. If you do nothing and simply click Next on the portal, your taxes are computed under the new regime and all your 80C, HRA, and 80D deductions are ignored. Always check your regime selection first.”

Due Dates & Forms — All Other Taxpayer Categories

Professionals & Small Business — ITR-4 (Presumptive) & ITR-3

Doctors, consultants, lawyers, freelancers, and small traders with income up to ₹50 lakh (professionals) or ₹3 crore turnover (business) can opt for presumptive taxation and file ITR-4 (Sugam) by 31 August 2026. Those outside presumptive limits file ITR-3, also by 31 August (if audit not required).

Section 44ADA
50% Rule
Professionals can declare 50% of gross receipts as income — no need to maintain detailed books if receipts ≤ ₹75 lakh
Section 44AD
6% / 8%
Business: 6% of digital turnover or 8% of cash turnover presumed as profit — no audit if turnover ≤ ₹3 crore
Audit Threshold
₹3 Cr / ₹75L
Business: ₹3 crore turnover (if 95%+ digital). Professionals: ₹75 lakh gross receipts — cross this and audit is mandatory
Audit Due Date
30 Sep 2026
Tax audit report (Form 3CA/3CB + 3CD) must be filed by 30 September — before the 31 October ITR deadline

Companies & LLPs — ITR-6 & ITR-5

Entity TypeFormAudit Mandatory?ITR Due Date
Private Limited / Public CompanyITR-6Yes (all companies)31 October 2026
LLP (Limited Liability Partnership)ITR-5If turnover > ₹40L or contribution > ₹25L31 October 2026
Partnership FirmITR-5If turnover > ₹3 crore31 August / 31 Oct 2026
Charitable Trust / NGO / RNPOITR-7Yes (all RNPOs)31 October 2026

What Happens If You Miss the Deadline?

Late Fee — Section 234F
₹5,000
Flat penalty for filing belated return after 31 July. Reduced to ₹1,000 if total income is below ₹5 lakh
Interest — Section 234A
1% pm
Simple interest on tax outstanding per month or part of a month from the due date until the date of filing
Loss Set-off Denied
Forfeited
Business losses and capital losses CANNOT be carried forward if ITR is filed after the due date (belated return)
Refund Delay
Months
Belated filers go to the back of the queue. Timely filers typically get refunds in 2–4 weeks via e-verification
Visa Difficulties
Issue
Many embassies require 3 years of ITR acknowledgements. Late/missing returns cause visa application rejections
Max Belated Deadline
31 Dec 2026
After 31 December 2026, no belated return can be filed. Only ITR-U (Updated Return) is available for 2 more years
💡 ITR-U — Updated Return for Previous Years

ITR-U (Updated Return) allows taxpayers to update income details for previous assessment years — up to 2 years from the end of the relevant assessment year — with an additional tax of 25% to 50% on the incremental tax and interest. For AY 2024-25, ITR-U can be filed until 31 March 2027. For AY 2025-26, until 31 March 2028. ITR-U cannot be used to claim additional refunds — only to disclose additional income or correct underreporting.


Salaried Employee — Pre-Filing Checklist

✓ Do Before Filing
  • Collect Form 16 from your employer (due by 15 June)
  • Download AIS and TIS from the IT portal and reconcile every entry
  • Cross-verify Form 26AS with Form 16 TDS figures
  • Collect all bank interest certificates (savings, FD, RD)
  • Compare new vs old tax regime — choose wisely
  • Pay any Self-Assessment Tax due via Challan 280 before filing
  • Ensure at least one bank account is pre-validated on the portal for refund
✗ Common Mistakes to Avoid
  • Accepting all pre-filled data without checking AIS for accuracy
  • Forgetting to declare FD interest, savings interest as “Other Sources”
  • Not e-verifying the return within 30 days — ITR becomes invalid
  • Filing ITR-1 when capital gains (other than LTCG u/s 112A) or crypto is present
  • Assuming new regime deductions are allowed — they are not (except Standard Deduction)
  • Missing to report dormant bank accounts (accounts active during FY 2025-26)
  • Waiting until the last day — portal traffic peaks and crashes near deadlines

📚 Official Sources & References 1. Income Tax Department — incometax.gov.in — Income Tax Returns (AY 2026-27 due dates, ITR form guidance)
2. CBDT — Notification of ITR forms (ITR-1 to ITR-7) for AY 2026-27 on 30 March 2026
3. Income Tax Act, 1961 — Section 139(1) (due dates), Section 139(4) (belated return), Section 139(5) (revised return), Section 234A (interest), Section 234F (late fee)
4. Finance Act 2026 — Staggered ITR deadlines (31 July for ITR-1/2; 31 August for ITR-3/4 non-audit); revised return extended to 31 March of next year
5. ITR-1 (Sahaj) expanded scope — up to 2 house properties & LTCG u/s 112A up to ₹1.25L now included (CBDT Notification, March 2026)
6. FM Sitharaman Union Budget 2026 speech — staggered ITR deadline announcement
7. incometax.gov.in — Salaried Individuals guide for AY 2026-27: Applicable Return Forms
📞 Need Help with ITR Filing?

For More Details or Consultancy,
Contact DVR Murty & Co.

Our Chartered Accountants specialise in ITR filing, tax planning, and compliance for salaried individuals, businesses, and NRIs. Get personalised guidance before the 31 July 2026 deadline.

Website
dvrmurtyandco.in
Expertise
ITR · GST · Audit · NRI Tax
Deadline
31 July 2026 ⏱
🔗 Visit dvrmurtyandco.in
Disclaimer: This article is for educational and informational purposes only and reflects the law as on June 2026. Tax provisions are subject to change. Verify current due dates and provisions at incometax.gov.in. Always consult a qualified Chartered Accountant for personalised tax advice.