File your ITR right.
Three jobs every salaried Indian does between April and July: pick the cheaper regime, choose the right form, gather the right documents. We do all three on one page.
Regime Auto-Pick
Standard deduction (₹75,000) applies under both regimes — handled automatically.
Based on FY 2025-26 (AY 2026-27) slabs. 4% Health & Education Cess included. Surcharge above ₹50L not modelled — speak to a CA for high-income optimization.
Comparison
You save
by filing under the new regime
Which ITR form do you file?
Picking the wrong form gets your return marked defective. Use this matrix to match your income profile to the correct form.
ITR-1 (Sahaj)
- For
- Salaried · single house property · interest income only
- Income
- Up to ₹50 lakh
- Not for
- Capital gains · business income · foreign assets
ITR-2
- For
- Salaried with capital gains · multiple properties · foreign income
- Income
- Any amount
- Not for
- Business or professional income (use ITR-3)
ITR-3
- For
- Individuals with business or professional income
- Income
- Any amount
- Not for
- Presumptive income filers (use ITR-4)
ITR-4 (Sugam)
- For
- Presumptive income — small business under 44AD / 44ADA / 44AE
- Income
- Up to ₹50 lakh (44AD: ₹2 cr · 44ADA: ₹50L)
- Not for
- Capital gains · foreign assets · multiple properties
Deadlines for AY 2027-28
File on time or pay up to ₹5,000 in late fees plus 1% interest per month on tax due. Belated returns also forfeit certain loss-carry-forward rights.
- 31 July 2026Individual ITR (non-audit)Most salaried filers — ITR-1 and ITR-2 categories.
- 31 October 2026Audit casesBusiness filers requiring tax audit u/s 44AB.
- 30 November 2026Transfer-pricing casesCompanies with international or specified domestic transactions.
- 31 December 2026Belated / revised returnLast chance to file with ₹5,000 late fee (₹1,000 if income < ₹5L).
Belated returns under section 139(4) trigger a ₹5,000 fee (₹1,000 if total income is under ₹5 lakh), forfeit the right to carry forward business / capital losses, and don't allow regime switching after the original due date.
What to gather first
Most ITR rejections come from a TDS mismatch with Form 26AS or AIS. Pull everything below before you start the form.
- Form 16 (Part A + Part B)From your employer — TDS certificate with quarterly breakup.
- Form 26ASTDS / TCS statement. Download from incometax.gov.in.
- AIS + TISAnnual Information Statement — pre-fills every reported transaction.
- Bank interest statementsSavings, FD, RD — needed even if below TDS threshold.
- Capital gains reportsBroker P&L (CDSL / Zerodha / Groww) + mutual fund redemption statements.
- Proof of deductions80C investments, 80D premiums, 80G donations, HRA receipts.
Don't leave deductions on the table
These only matter if you file under the old regime. The new regime trades all of these for lower slabs.