Which itr filing type for salaried person AY 2026-27 (FY 2025-26)
For a salaried person in India, the correct Income Tax Return (ITR) form depends on your total income, the number of properties you own, and other sources of income for the relevant Assessment Year (AY) 2026-27.
1. ITR-1 (Sahaj)
Suitable for resident individuals with a total income up to ₹50 lakh, derived from salary/pension, up to two house properties, and limited interest/dividend income. It is also allowed for modest capital gains up to ₹1.25 lakh from listed equity under Section 112A.
2. ITR-2
Used if income exceeds ₹50 lakh, you own more than two properties, or hold assets outside India. Also required for capital gains from assets like gold or property, holding unlisted shares, or serving as a company director.
3. ITR-3 or ITR-4
- ITR-3: For salaried individuals with income from a business or profession.
- ITR-4 (Sugam): For those with salary and business income under a presumptive taxation scheme.
Note: The deadline for AY 2026-27 is 31st July 2026 for ITR 1 and ITR 2. Use the official Income Tax e-Filing portal to file.
why itr filing type is important
Choosing the correct ITR form is important because it acts as a legal declaration of your income. Filing the wrong one can lead to several complications:
- Refund : If wrong ITR fling is selected than Redfund may be denied or delayed.
- Defective Return Notice: The Income Tax Department may treat your filing as “defective” under Section 139(9). If you don’t correct it within 15 days, it’s as if you never filed at all.
- Rejection of Deductions: Each form has specific sections for tax-saving claims (like 80C or 80D). If you use a form that doesn’t support your specific income type, your exemptions and deductions might be disallowed, leading to a higher tax demand.
- Compliance with Disclosures: Different forms require different levels of detail. For example, ITR-2 requires details on foreign assets and unlisted shares that ITR-1 does not. Missing these disclosures is a compliance violation.
- Processing Delays: The tax department’s automated system may fail to process your return or issue your refund if the data provided doesn’t match the structure of the form used.
- Penalties and Interest: If a wrong form leads to an underreporting of tax liability, you could face penalties ranging from 50% to 200% of the tax evaded, plus monthly interest.
New Income Tax Act 2026 from April 1: What deductions and exemptions you lose under new tax regime
List of Deductions Allowed in New Tax Regime in AY 2025-26 and AY 2026-27
ITR filing Last Date FY 2025-26 AY 2026-27 I ITR filing Due date AY 2026-27
ITR filing start Date AY 2026-27
Income tax return form 2026-27 ! Download Notified Forms
ITR Forms for AY 2026-27: Major changes you need to know
Penalty for Late Filing of ITR AY 2026-27
ITR filing start Date AY 2026-27
Income tax return form 2026-27 ! Download Notified Forms
ITR Forms for AY 2026-27: Major changes you need to know
for more refer income tax website click here