Which ITR Filing type for salaried person AY 2026-27 (FY 2025-26)

Which ITR Filing type for salaried person AY 2026-27 (FY 2025-26)

1. ITR-1 (Sahaj)

2. ITR-2

3. ITR-3 or ITR-4

• 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.

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