[Video] How to file income tax return online for salaried employee AY 2026-27

CA Satbir Singh — Fri, 15 May 2026 07:43:26 +0000

[Video] How to file Income Tax Return Online for salaried employee AY 2026-27

Video on How to file Income Tax Return Online for Salaried Employee for AY 2026-27 in India

This video provides a step-by-step guide on how to file Income Tax Return (ITR-1) for Assessment Year 2026-27 (Financial Year 2025-26) online. It is specifically designed for salaried individuals and pensioners.

Summary

The guide covers the entire online filing process on the Income Tax portal, emphasizing the new tax regime as the default option. Key highlights include:

Eligibility: ITR-1 is for individuals with income up to ₹50 lakhs from salary, one house property, and other sources (like interest).
New vs. Old Regime: Explains how to opt-out of the default new regime if you wish to claim deductions like HRA, 80C, or home loan interest.
Data Verification: Instructions on checking pre-filled data against Form 16, AIS, and TIS to ensure accuracy.
Step-by-Step Sections: Detailed walkthrough of Personal Information, Gross Total Income (Salary/House Property/Other Sources), Tax Paid (TDS/Advance Tax), and Total Tax Liability.
Validation & Verification: How to fix validation errors and the importance of e-verifying the return within 30 days via Aadhaar OTP or Net Banking to avoid penalties.

ITR filing for salaried employees last date AY 2026-27

The deadline to file the original Income Tax Return (ITR) for salaried employees for the Assessment Year (AY) 2026-27 (Financial Year 2025-26) is 31st July 2026. This applies to all individuals whose accounts do not require a tax audit (primarily those filing via ITR-1 or ITR-2).

Critical Compliance Timeline for AY 2026-27

Return Type	Deadline / Last Date	Consequences / Fees
Original ITR	31st July 2026	Standard timely filing; zero late fees.
Belated Return	31st December 2026	₹1,000 late fee (Income upto Rs ₹5 Lakh). ₹5,000 late fee (Income > ₹5 Lakh). Interest under Section 234A.
Revised Return	31st March 2027	No extra penalty if the original was on time. (Extended from 31st Dec by Budget 2026).
Updated Return (ITR-U)	31st March 2031	Additional penalty tax ranging from 25% to 50%.

Consequences of Missing the 31st July Deadline

Late Filing Penalty: A compulsory fee up to ₹5,000 will be levied under Section 234F.
Accumulated Interest: Interest at 1% per month (or part of a month) will apply to any unpaid tax liability under Section 234A.
Loss of Benefits: You cannot carry forward financial losses (e.g., capital losses or house property losses) to offset future income.
Regime Choice Restriction: Delaying your filing can restrict your ability to switch out of the default New Tax Regime to the Old Tax Regime.

Filing Pro-Tip for Salaried Individuals

Do not rush to file your ITR in April or May. Ensure your employer issued Form 16 (usually available by mid-June). Cross-verify the entries completely with your Form 26AS and Annual Information Statement (AIS) on the Income Tax e-Filing Portal before final submission to avoid tax mismatch notices

ITR filing for salaried employees calculator,

For Assessment Year (AY) 2026-27 (Financial Year 2025-26), the New Tax Regime is the default option with an increased Standard Deduction of ₹75,000 for salaried employees. Due to the expanded tax rebate under Section 87A, salaried individuals with a Gross Salary up to ₹12,75,000 pay zero tax under the New Regime.

Below is the structured breakdown of the slab rates, calculators, and a real-world comparison table to help you compute your tax liability.

Income Tax Slab Rates (AY 2026-27)

The progressive tax brackets for both regimes are structured as follows:

New Tax Regime (Default)	Tax Rate	Old Tax Regime (Optional)	Tax Rate
Up to ₹4,00,000	Nil	Up to ₹2,50,000	Nil
₹4,00,001 to ₹8,00,000	5%	₹2,50,001 to ₹5,00,000	5%
₹8,00,001 to ₹12,00,000	10%	₹5,00,001 to ₹10,00,000	20%
₹12,00,001 to ₹16,00,000	15%	Above ₹10,00,000	30%
₹16,00,001 to ₹20,00,000	20%	Note: Basic exemptions are ₹3L for	Senior Citizens
₹20,00,001 to ₹24,00,000	25%	and ₹5L for Super Senior Citizens	under Old Scheme.
Above ₹24,00,000	30%

Comparative Tax Calculator Breakdown

Here is how your exact tax liability shifts based on different gross income levels.

(Assumptions for Old Regime: ₹1,50,000 deduction under 80C, ₹25,000 under 80D, and ₹50,000 Standard Deduction. New Regime includes the ₹75,000 Standard Deduction).

Gross Annual Salary	New Regime Taxable Income	New Regime Tax (Inc. Cess)	Old Regime Taxable Income	Old Regime Tax (Inc. Cess)
₹10,00,000	₹9,25,000	₹0 (Full 87A Rebate)	₹7,75,000	₹70,200
₹12,75,000	₹12,00,000	₹0 (Full 87A Rebate)	₹10,50,000	₹1,32,600
₹15,00,000	₹14,25,000	₹97,500	₹12,75,000	₹2,02,800
₹20,00,000	₹19,25,000	₹2,02,800	₹17,75,000	₹3,58,800

Step-by-Step Calculation Formula (New Regime)

If your Net Taxable Income exceeds ₹12,00,000, your tax is calculated using block chunks:

Gross Salary – ₹75,000 (Standard Deduction) = Net Taxable Income.
First ₹4,00,000 : ₹0.
Next ₹4,00,000 (From ₹4L to ₹8L): ₹20,000.
Next ₹4,00,000 (From ₹8L to ₹12L) : ₹40,000.
Remaining Income above ₹12,00,000: applicable slab rate.
Add 4% Health & Education Cess to the cumulative tax sum.

Official Online Verification

To cross-verify your exact figures dynamically, you can use the official Income Tax Department Calculator Service

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[Video] How to file income tax return online for salaried employee AY 2026-27