[Video] ITR 1 FILING ONLINE 2026-27 LATEST INCOME TAX update Salary income HOUSE PROPERTY TDS

It sounds like you’re getting a head start on the 2026-27 tax season! Staying ahead of these changes is a smart move, especially with the New Tax Regime becoming the default and the introduction of new communication requirements.

Based on the updates you’ve shared, here is a structured summary of the key changes and requirements for filing your ITR 1 (Sahaj) for the upcoming assessment year.

## Eligibility & Restrictions

Before you begin, ensure you fit within the specific criteria for ITR 1. If you exceed these limits, you’ll likely need to file ITR 2 or ITR 3.

• Income Limit: Total income must be up to ₹50 lakh.

• Residential Status: Must be a Resident (Ordinary Resident).

• Income Sources: Salary/Pension, one house property, and other sources (Interest, Dividends, etc.).

• Agricultural Income: Must not exceed $₹5,000$.

• Exclusions: You cannot use ITR 1 if you are a Director in a company, hold unlisted equity shares, or have income from business/profession.

## New for AY 2026-27: Communication Updates

The Income Tax Department is tightening its communication loop. You are now required to provide:

1. Primary Address/Email: Your main point of contact.

2. Secondary Address/Email: An alternative to ensure you never miss a notice or update from the department.

## Choosing Your Tax Regime

The most significant shift for this cycle is the “Default” status of the New Tax Regime.

Note: If you wish to use the Old Tax Regime to claim deductions like HRA or LIC, you must actively opt out of the New Regime by the filing deadline.

## Critical Reporting Details

• Salary (Form 16): Ensure all figures match the “Income Chargeable under Salaries” in your Form 16.

• House Property: Be ready to provide specific details if the property is jointly owned. If you have a tenant, you must now include their TDS details if applicable.

• Section 393: Keep an eye on any specific disclosures required under this section for various income categories.

## Important Deadlines & Penalties

Don’t let the July deadline slip by, as late fees under Section 234F can apply even if your tax liability is zero but your income exceeds the basic exemption limit.

• Due Date: July 31, 2026 (for individuals not requiring an audit).

• Late Filing: Returns filed after this date will incur a late fee and you will lose the ability to carry forward certain losses.

As the online utility becomes available on the Income Tax Portal, it’s a good idea to cross-check your AIS (Annual Information Statement) and TIS (Taxpayer Information Summary) to ensure the pre-filled data matches your records.