21/07/2026
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📢 Income Tax Return (ITR) Filing – FY 2025–26 (AY 2026–27)
When is ITR Filing Mandatory?
For salaried individuals in India, filing an Income Tax Return (ITR) is generally mandatory if your gross total income exceeds the basic exemption limit for the applicable financial year.
Basic Exemption Limits
✅ New Tax Regime
₹4,00,000 – Applicable to all individuals, irrespective of age.
✅ Old Tax Regime
Up to 60 years – ₹2,50,000
Senior Citizens (60 to 80 years) – ₹3,00,000
Super Senior Citizens (Above 80 years) – ₹5,00,000
⏰ Due Date
🗓️ 31-07-2026
Late Filing Penalties (Section 234F)
Up to ₹5,000 – If the return is filed after the due date but on or before 31st December 2026.
Up to ₹10,000 – If the return is filed after 31st December 2026.
Reduced fee of ₹1,000 – If your total income does not exceed ₹5,00,000.
Interest under Section 234A
In addition to the late filing fee, interest at 1% per month or part of a month may be charged on any outstanding tax liability from the due date until the date of filing.
📞 File Your ITR on Time & Avoid Penalties!
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