๐Ÿ“ง info@acculex.in  |  ๐Ÿ“ž +91 97370 65553
ITR Filing for AY 2025โ€“26 is Open! Get a Quote

Steps to E-File Your Income Tax Return

Simple, accurate, and fully online โ€” our expert CAs handle your ITR from document collection to e-verification. Updated for FY 2025โ€“26 (AY 2026โ€“27).

๐Ÿ”” ITR Filing for FY 2025โ€“26 (AY 2026โ€“27) is Now Open
โšก Major Updates for AY 2026โ€“27 โ€” Read Before You File

New staggered deadlines (Budget 2026), income up to โ‚น12 lakh tax-free (Section 87A), standard deduction raised to โ‚น75,000, and the new Income Tax Act 2025 now in effect from 1 April 2026. All details updated below.

Overview

What is ITR E-Filing?

E-filing (electronic filing) is the process of submitting your Income Tax Return online โ€” either directly through the Income Tax Department portal or through authorised intermediaries like Acculex. It is fast, secure, and mandatory for most taxpayers in India.

Under the Income Tax Act, 1961 (and the new Income Tax Act, 2025 effective 1 April 2026), every individual, HUF, firm, and company whose income exceeds the basic exemption limit must file an annual ITR. Even if your tax liability is zero โ€” due to Section 87A rebate โ€” you may still need to file if your gross income exceeds the exemption limit.

๐ŸŽ‰

BIG NEWS for FY 2025โ€“26: Income up to โ‚น12 Lakh is Now Effectively Tax-Free!

Under the new tax regime, residents earning up to โ‚น12 lakh (โ‚น12.75 lakh for salaried individuals after โ‚น75,000 standard deduction) pay ZERO income tax โ€” thanks to the enhanced Section 87A rebate of โ‚น60,000.

โš–๏ธ

New Income Tax Act, 2025 โ€” What You Need to Know

The Income Tax Act, 2025 came into effect on 1 April 2026, replacing the decades-old Income Tax Act, 1961. However, for FY 2025โ€“26 (AY 2026โ€“27), your ITR is still governed by the Income Tax Act, 1961. Key terminology change: Form 16 becomes Form 130, Form 26AS becomes Form 168, and Forms 15G/15H merge into Form 121 under the new rules.

Which ITR Form to Use?

ITR-1 (Sahaj)

Resident individuals with salary, one house property, other sources. Income up to โ‚น50 lakh. Deadline: 31 July 2026.

ITR-2

Individuals & HUFs with capital gains, foreign income/assets, multiple house properties. Deadline: 31 July 2026.

ITR-3

Individuals & HUFs with income from business or profession. Non-audit deadline: 31 Aug 2026.

ITR-4 (Sugam)

Residents under presumptive scheme (Sec 44AD, 44ADA, 44AE). Freelancers, consultants. Deadline: 31 Aug 2026.

ITR-5

Partnership firms, LLPs, AOPs, BOIs, and cooperative societies.

ITR-6

Companies (except those claiming exemption under Section 11). Deadline: 31 Oct 2026.

ITR-7

Trusts, political parties, scientific research institutions under Sec 139(4A)โ€“(4D).

Important Deadlines

ITR Filing Due Dates for FY 2025โ€“26 (AY 2026โ€“27)

Union Budget 2026 introduced staggered deadlines โ€” a major change. The deadline depends on the ITR form you file.

ITR-1 & ITR-2 Filers
31 July 2026
Salaried individuals, pensioners, investors. No business income.
ITR-3 & ITR-4 (Non-Audit)
31 Aug 2026
Freelancers, business owners. NEW extended deadline โ€” Budget 2026.
Tax Audit Cases
31 Oct 2026
Taxpayers requiring statutory tax audit.
Transfer Pricing Cases
30 Nov 2026
International or specified domestic transactions.
Belated Return (Sec 139(4))
31 Dec 2026
Late fee up to โ‚น5,000 under Section 234F.
Revised Return (Sec 139(5))
31 Mar 2027
Extended from December โ€” Budget 2026 reform.

๐Ÿ“‹ Updated Return (ITR-U) โ€” Now Even More Flexible

Budget 2026 expanded the ITR-U window. You can now file an Updated Return for up to 4 years (48 months) from the end of the Assessment Year. For AY 2026โ€“27, ITR-U can be filed until 31 March 2031. Losses in updated returns can now be carried forward (a new provision).

Tax Calculation

Income Tax Slabs for FY 2025โ€“26 (AY 2026โ€“27)

Choose between the New Tax Regime (default) and the Old Tax Regime.

๐Ÿ†• New Tax Regime (Default)

Annual Income (Taxable) Tax Rate Notes
Up to โ‚น4,00,000NILBasic exemption (raised from โ‚น3L)
โ‚น4,00,001 โ€“ โ‚น8,00,0005%
โ‚น8,00,001 โ€“ โ‚น12,00,00010%Sec 87A rebate = ZERO TAX if total โ‰ค โ‚น12L
โ‚น12,00,001 โ€“ โ‚น16,00,00015%
โ‚น16,00,001 โ€“ โ‚น20,00,00020%
โ‚น20,00,001 โ€“ โ‚น24,00,00025%New 25% slab โ€” Budget 2025
Above โ‚น24,00,00030%30% now starts at โ‚น24L (was โ‚น15L)
โœ…

Section 87A Rebate โ€” Up to โ‚น60,000 (New Regime, FY 2025โ€“26)

If your total taxable income is โ‚น12 lakh or below, the Section 87A rebate eliminates your entire tax liability. Salaried individuals additionally get a โ‚น75,000 Standard Deduction โ€” making income up to โ‚น12.75 lakh effectively tax-free.

+ 4% Health & Education Cess on total tax | Surcharge applicable for income above โ‚น50L | Max surcharge capped at 25% under new regime

๐Ÿ“‹ Old Tax Regime

Annual Income Below 60 Senior (60โ€“80) Super Senior (80+)
Up to โ‚น2,50,000NILNILNIL
Up to โ‚น3,00,000โ€”NILNIL
Up to โ‚น5,00,000โ€”โ€”NIL
โ‚น2.5L โ€“ โ‚น5L5%5%โ€”
โ‚น5L โ€“ โ‚น10L20%20%20%
Above โ‚น10,00,00030%30%30%
โ„น๏ธ

Section 87A Rebate โ€” Up to โ‚น12,500 (Old Regime)

Standard Deduction of โ‚น50,000 for salaried individuals. Section 87A rebate of โ‚น12,500 for total income up to โ‚น5 lakh. Major deductions allowed: 80C (โ‚น1.5L), 80D, HRA, home loan interest, LTA, etc.

Our Process

How It Works โ€” 6 Simple Steps

Fully online, transparent, and CA-assisted. No office visits needed. Average completion: 24โ€“48 hours.

1

Share Your Details

Fill out our quick quote form or reach us via WhatsApp/email. Tell us your income type (salaried, business, NRI, etc.) and the assessment year. We'll confirm the right plan within hours.

2

Upload Your Documents

We send you a precise checklist based on your income type. Share documents securely via WhatsApp, email, or our portal โ€” Form 16, bank statements, AIS, Form 26AS, investment proofs, and more.

3

Expert CA Review & Computation

Our qualified CA reviews all documents, computes income under all 5 heads, applies every eligible deduction, cross-checks Form 26AS / AIS / TIS for mismatches, and selects the right ITR form and tax regime (new vs old โ€” whichever saves more).

4

Your Approval

We share a detailed tax computation summary โ€” showing total income, deductions, tax payable/refund due, and which regime we are filing under. You review, ask questions, and approve before we file.

5

E-Filing on the IT Portal

We file your return on the Income Tax Department's official portal (incometax.gov.in). For cases requiring Form 10IEA (business taxpayers opting for old regime), we handle that too.

6

E-Verification & Acknowledgment

We guide you through instant e-verification โ€” via Aadhaar OTP, Net Banking, Bank ATM, or DMAT account. You receive ITR-V (acknowledgment) immediately. Refunds typically arrive within 15โ€“45 days.

Documents Checklist

What Documents Will You Need?

The exact documents depend on your income type. Here's a comprehensive list. Our team sends a personalised checklist after you contact us.

๐Ÿ“Œ Basic Documents (Everyone)

๐Ÿชช

PAN Card

๐Ÿ“ฑ

Aadhaar Card (linked to PAN)

๐Ÿฆ

Bank Account Statement

๐Ÿ“Š

Form 26AS (Tax Credit)

๐Ÿ“‹

AIS (Annual Information Statement)

๐Ÿ“„

TIS (Taxpayer Information Summary)

๐Ÿ’ผ For Salaried Individuals

๐Ÿ“‘

Form 16 / Form 16A from Employer

๐Ÿ’ฐ

Salary Slips (if no Form 16)

๐Ÿ 

Rent Receipts (if HRA claimed)

๐Ÿก

Home Loan Interest Certificate

๐Ÿ’Š

Health Insurance Premium (80D)

๐Ÿ“ˆ

Investment Proofs (80C โ€” PPF, ELSS, LIC)

๐Ÿ“ˆ For Capital Gains

๐Ÿ“‰

Capital Gains Statement (Broker)

๐Ÿ˜๏ธ

Property Sale / Purchase Deed

๐Ÿ’น

Mutual Fund Statement (CAMS/KFintech)

๐Ÿ“Š

DEMAT Account Statement

๐Ÿข For Business / Freelancers

๐Ÿ“š

Books of Accounts / P&L Statement

โš–๏ธ

Balance Sheet

๐Ÿงพ

GST Returns (if registered)

๐Ÿ“‘

TDS Certificates (Form 16A)

๐Ÿ”

Audit Report (if applicable)

๐Ÿ’ก Tip: Download your AIS from the IT portal before filing โ€” it shows all income/transactions reported against your PAN. Mismatches are the most common reason for IT notices.

Penalties & Consequences

What Happens If You Miss the Deadline?

Missing your ITR filing deadline is never worth it. Here's exactly what you lose.

Consequence Section Details
Late Filing FeeSection 234Fโ‚น5,000 if income above โ‚น5 lakh; โ‚น1,000 if below.
Interest on Unpaid TaxSection 234A1% per month on unpaid tax from due date to filing.
Loss of Carry ForwardSection 80Business/capital losses cannot be carried forward.
No Revised ReturnSection 139(5)Belated returns CANNOT be revised.
Tax Refund DelaySection 244ARefund interest reduced or denied.
Prosecution RiskSection 276CCWilful non-filing: imprisonment 3 months to 7 years.
Who Must File?

Mandatory ITR Filing โ€” Even If Tax Liability is Zero

Filing is mandatory in these situations regardless of tax liability:

๐Ÿ’ผ

Income Exceeds Exemption Limit

Gross income above โ‚น4 lakh (new) or โ‚น2.5 lakh (old) before deductions.

โœˆ๏ธ

Foreign Travel Above โ‚น2 Lakh

Spent over โ‚น2 lakh on foreign travel โ€” even if income below limit.

๐ŸŒ

Foreign Assets / Accounts

Hold any foreign asset, signing authority, or income outside India.

๐Ÿ’ก

Electricity Bill Above โ‚น1 Lakh

Paid electricity bills over โ‚น1 lakh in the financial year.

๐Ÿฆ

Savings Deposits Above โ‚น50 Lakh

Deposited over โ‚น50 lakh in savings accounts during the year.

๐Ÿ“‰

TDS Deducted (Refund Claim)

TDS deducted even if income below exemption โ€” file to claim refund.

๐Ÿข

Business Turnover Above Threshold

Turnover above โ‚น60 lakh (Sec 44AB) or professional receipts above โ‚น50 lakh.

๐Ÿ“Š

Carry Forward Losses

To carry forward capital/business losses, timely filing is mandatory.

FAQ

Frequently Asked Questions

Everything you need to know before getting started.

Is income up to โ‚น12 lakh really tax-free in FY 2025โ€“26?โ–พ
Yes โ€” under the new tax regime, if your total taxable income is โ‚น12 lakh or below, the Section 87A rebate of โ‚น60,000 eliminates your entire tax liability. For salaried individuals, the โ‚น75,000 standard deduction means income up to โ‚น12.75 lakh is effectively tax-free. However, this does NOT apply to special-rate income like LTCG from equity (Section 112A). You must still file an ITR if your gross income exceeds the basic exemption limit.
What is the ITR filing due date for FY 2025โ€“26 (AY 2026โ€“27)?โ–พ
Budget 2026 introduced staggered deadlines: 31 July 2026 for ITR-1 and ITR-2 (salaried, investors). 31 August 2026 for non-audit ITR-3 and ITR-4 (freelancers, small businesses). 31 October 2026 for tax audit cases. 31 December 2026 for belated returns. 31 March 2027 for revised returns.
Should I choose the new tax regime or old tax regime?โ–พ
For most salaried individuals earning up to โ‚น12โ€“15 lakh with limited investments, the new regime is now better โ€” thanks to higher rebate and lower slab rates. The old regime is beneficial for taxpayers claiming large deductions (HRA + 80C + home loan interest combined above โ‚น3.75 lakh). Our CA team will compute both for you free of charge.
What is the new Income Tax Act, 2025? Does it affect my FY 2025โ€“26 filing?โ–พ
The Income Tax Act, 2025 replaced the Income Tax Act, 1961 and came into effect on 1 April 2026. However, for FY 2025โ€“26 (income earned up to 31 March 2026), the old Act 1961 still applies. The new Act will apply from FY 2026โ€“27 onwards. Form 16 becomes Form 130, Form 26AS becomes Form 168, and Forms 15G/15H merge into Form 121.
How do I verify my return after filing?โ–พ
E-verification can be done instantly via: Aadhaar OTP (simplest), Net Banking, Bank Account, or DMAT Account. Alternatively, download ITR-V, sign, and send to CPC Bangalore within 30 days. We assist with e-verification as part of our service.
What is ITR-U (Updated Return)? Can I file for previous years?โ–พ
ITR-U allows you to correct omissions or file missed returns. Budget 2026 extended the window from 2 years to 4 years (48 months). For AY 2026โ€“27, you can file ITR-U until 31 March 2031. ITR-U filers can now carry forward losses, and filing with payment provides immunity from under-reporting penalties.
What if I get an income tax notice after filing?โ–พ
Don't panic. Most IT notices are routine โ€” mismatches in AIS/26AS, requests for info, or intimations under Section 143(1). Our team handles all types of notices, prepares responses, and represents you before the IT Officer if needed.
How long does it take to get an income tax refund?โ–พ
After e-filing and e-verification, refunds are typically processed within 15โ€“45 days and credited to your pre-validated bank account. Delays can occur if there are mismatches with Form 26AS/AIS, or if your bank account is not pre-validated.

File Your ITR for FY 2025โ€“26 Today

CA-assisted, accurate, and affordable. Starting at just โ‚น499. Don't wait โ€” deadlines are firm.

Get a Free Quote ๐Ÿ’ฌ WhatsApp Us