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You must have heard about income tax returns from movies, people, or friends. It is the most common term. Income Tax Return (ITR) is a form in which you fill in all the details of your annual income that you earned in India, and if it's taxable, then you pay it to the government. If your basic annual income is more than ₹4,00,000, ITR is compulsory for you.
ITR filing is compulsory for working professionals, businessmen, salaried persons, or anyone who wants TDS benefits.
Every year, before 31 July, ITR filing should be done by taxpayers with non-audit ITRs.
ITR filing forms are different for different professionals.
ITR - 1 (sahaj)
If you are a salaried employee or have a house and an income limit of up to ₹5,00,000 then you should file ITR - 1.
ITR - 2
You can file this if you are a salaried employee, have capital gain, multiple house property, or are an NRIs. This form is suitable for those individuals who have more complex income.
ITR - 3
Businesses and professionals can file with ITR - 3 forms. Detailed financial records are necessary for this.
ITR - 4 (Sangam)
If your income is presumptive under the 44AD/44ADA/44AE scheme. This form is filled out by small businesses and professionals using presumptive taxation.
Choosing the correct ITR form based on your income type and profession ensures accurate and hassle-free tax filing.
Bonus tip - For decades, the main ITR deadline for most individuals and HUFs was 31 July of the assessment year.
Taxpayers required to undergo tax audit had a 30 September deadline
Generally, ITR filing starts the very next day of the financial year end. The financial year for 2025-2026 should end on 31 March 2026. So technically, ITR filing should start from 1 April. But due to some changes in the portal according to the Union budget, it takes time to start ITR. The government gives you the due date of ITR filing at least for 4 months, like last year's (2025) tax filing deadline india was 15 September 2025.
The Union Budget 2026 has been announced, and many important announcements have been made, one of which is the ITR filing due date. The tax filing deadline in India have been changed, and these changes are applicable for the 2025-2026 assessment year 2026-2027.
Late fees - section 234F
0 - if you file an income of less than 5 lakh
1000 - if you file an income of 5 lakh
5000 - if you file an income of more than 5 lakh.
Important points
These are few important things you should keep in mind while filling ITR
If you file ITR earlier, you will get a refund soon, and you will be exempt from interest under Section 234A.
Tax filing deadline extension IRS
April 15th, 2026, is the most important date because it is the deadline for filing the 2025 federal tax return. If you need an extension, you can get it till October 15th, but you can pay late penalties and late fees for it. It is always better to check on an agency website.
KRA tax filing deadline
The Kenya Revenue Authority announced the deadline for tax filling as June 30.
ITR filing is legal proof of income. You can use it for a loan, a visa, a credit card, or to carry forward business losses. If you want to claim a tax refund, or prevent notice, then you should go for ITR filing.
If your income is less than ₹2,00,000 lakh for 2025-2026, then the tax is ₹0. If you have an income of more than ₹12,00,000, taxes depend on the range of income.
If you are earning in India, you have to pay tax to the government. Which is known as ITR. Every year, the union government decides the tax deadline. Generally, this date is July 31. Even if you're not earning much money to pay tax, still filling ITR is advisable.
The original due date for individuals and HUFs (non-audit cases) to file ITR-1 or ITR-2 is 31 July 2026.
Why did the 2026 Budget move the ITR-1 deadline to June 30th?
The government kept the ITR-1 and ITR-2 deadline unchanged at 31 July for individuals and HUFs. Income tax due date extension latest new rules can benefit late filers.
Is it too late to file 2024 taxes in 2026?
Yes, it is too late to file 2024 tax on 2026. But you can file an update return till 31 march 2028.
Filing Deadline March 16, 2026 - Tax Return
There is no official deadline for tax return 2026.
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