How To Do
Which ITR Form Should I File?
Answer 6–8 yes/no questions and we'll tell you which ITR form fits your FY 2025-26 (AY 2026-27) situation, the deadline, and the penalty if you miss it.
Resident if you were in India for ≥ 182 days in FY 2025-26, or ≥ 60 days this year + ≥ 365 days in the previous 4 FYs.
Quick form guide
Resident with income only from salary, one house property, other sources (interest, dividend, family pension), and agricultural income up to ₹5,000. Total income up to ₹50L.
Anyone whose income includes capital gains, more than one house, foreign assets/income, agricultural income > ₹5,000, or income above ₹50L — but no business/profession income.
Individuals/HUFs with income from a business or profession, including freelancers and consultants who don't qualify for presumptive taxation.
Resident individuals/HUFs with presumptive business income under section 44AD/44ADA/44AE. Total income up to ₹50L; freelancers earning < ₹50L often pick this.
Deadlines & penalties
- 31 July 2026 — non-audit cases (most salaried, ITR-1/2/4 filers).
- 31 October 2026 — audit cases (businesses with turnover > ₹1 crore not opting for presumptive scheme).
- 31 December 2026 — belated/revised return last date.
- Late filing penalty under section 234F: ₹5,000 if total income > ₹5L, ₹1,000 if income ≤ ₹5L. Plus 1%/month interest on unpaid tax under section 234A.
FAQ
Does the new Income Tax Act 2025 apply for FY 2025-26?
No. The Income Tax Act, 2025 applies from 1 April 2026 onwards (i.e. FY 2026-27 / AY 2027-28). Your FY 2025-26 return is still governed by the Income-tax Act, 1961.
I'm a freelancer — ITR-3 or ITR-4?
If gross receipts are below ₹50L (for professionals) or ₹2 crore (for businesses) and you opt for the presumptive scheme (section 44ADA/44AD), use ITR-4 — you declare 50%/8% (or 6% if digital) of receipts as income, no books needed. Otherwise use ITR-3 with proper P&L and balance sheet.
I sold one mutual fund — do I need ITR-2?
Yes. Any capital gain — even ₹100 — disqualifies ITR-1. Use ITR-2 for capital gains. Use our Capital Gains Calculator to figure the tax.
What if I had crypto transactions?
You must report under Schedule VDA, which is in ITR-2 and ITR-3 (not ITR-1 or ITR-4). Even one swap counts. Compute the tax in our Crypto Tax Calculator.
Do I need to file at all?
If your gross total income exceeds the basic exemption (₹2.5L old / ₹3L new for < 60 yrs), yes. You also must file if you have foreign assets, paid > ₹1L electricity bill, deposited > ₹1 crore in current accounts (₹50L savings), or your TDS exceeds ₹25K (₹50K for senior citizens), regardless of income.