Income Tax Return Filing
File your income tax returns accurately and on time with expert assistance.
Income Tax Filing: File ITR Online in India
Income Tax Filing is how you report your yearly earnings, tax paid, and deductions to the Income Tax Department. If your income crosses the basic exemption limit, filing your ITR is not optional — it’s the law. On-time ITR filing keeps you compliant, avoids notices, and gets your refunds processed faster.
What is Income Tax Filing?
Income Tax Filing means submitting your Income Tax Return for a financial year to the government under the Income Tax Act, 1961. Individuals, firms, LLPs, and companies must declare all income sources, claim eligible deductions under sections like 80C/80D, and compute final tax liability.
The official portal incometax.gov.in lets you file ITR online with pre-filled data from Form 26AS, AIS, and TIS. Once filed, you get an ITR-V acknowledgement — that’s your proof of compliance. India follows a self-assessment system: you calculate tax, pay self-assessment/advance tax if due, and file before the deadline. E-verification via Aadhaar OTP or net banking completes the process without sending physical copies.
Who Should File Income Tax Return in India?
Before you start your ITR, check if you fall under mandatory filing rules. The Income Tax Act, 1961 requires these people to file:
| Taxpayer Type | When Filing is Mandatory |
|---|---|
| Individuals < 60 years | Total income before deductions exceeds ₹2.5 lakh - Old Regime / ₹3 lakh - New Regime |
| Senior Citizens 60–80 years | Total income exceeds ₹3 lakh |
| Super Senior Citizens 80+ years | Total income exceeds ₹5 lakh |
| All Companies, LLPs, Firms | Must file ITR every year, even with zero income or loss |
| NRIs | Income earned or received in India crosses basic exemption limit |
| Freelancers & Businesses | Income from profession/business exceeds exemption limit after expenses |
Filing is Also Mandatory Even If Income is Below Limit, If You:
Bank Deposits: Deposited over ₹1 Cr in one or more savings accounts in a financial year.
Foreign Travel: Spent more than ₹2 lakh on yourself or others for travel abroad.
Electricity Bills: Paid over ₹1 lakh in electricity bills during the year.
Foreign Assets/Income: Hold any foreign asset, have signing authority in a foreign account, or earned foreign income.
Want Tax Refund: TDS was deducted and you want to claim it back.
Capital Gains: Earned any capital gains from shares, mutual funds, or property sales.
Carry Forward Losses: Want to set off business loss or capital loss against future income.
Types of ITR Forms in India
Picking the right ITR form is half the battle. File the wrong one and the CPC rejects it. The Income Tax Department has 7 forms based on who you are and what you earn:
| ITR Form | Who Should Use It | Income Sources Covered |
|---|---|---|
| ITR-1 Sahaj | Resident individuals with total income up to ₹50 lakh | Salary/Pension, one house property, other sources like interest. Cannot use if: company director, unlisted equity shares, capital gains, foreign assets/income, crypto/VDA income, or claiming section 80QQB/80RRB |
| ITR-2 | Individuals & HUF not having income from business/profession | Salary, multiple house properties, capital gains, foreign assets/income, crypto/VDA income, dividend income > ₹10 lakh. NRIs use this form |
| ITR-3 | Individuals & HUF having income from business or profession | Income from proprietorship business/profession, partner’s remuneration from firm, plus all sources in ITR-2. Mandatory for F&O, intraday traders |
| ITR-4 Sugam | Resident Individuals, HUF, Firms not being LLP opting presumptive income | Business u/s 44AD up to ₹3 Cr, profession u/s 44ADA up to ₹75 lakh, transporters u/s 44AE. Total income up to ₹50 lakh. Can’t use if: more than one house, capital gains, foreign income |
| ITR-5 | Firms, LLPs, AOPs, BOIs, co-operative societies, business trusts | All types of income earned by the entity. Partners use ITR-3 |
| ITR-6 | Companies other than those claiming exemption u/s 11 | All income of a company. E-filing with digital signature mandatory |
| ITR-7 | Trusts, political parties, research associations, universities | Entities required to file u/s 139(4A) to 139(4F). Includes NGOs claiming exemption u/s 11 |
Notes
ITR-1 Sahaj: For most salaried people. Can’t use if you’re a company director, own foreign assets, or sold shares/property.
ITR-2: Use this if you have capital gains, more than one house, foreign income, or are an NRI. No business income allowed.
ITR-3 vs ITR-4 Sugam: Running a business? Use ITR-3 for regular books of accounts. Use ITR-4 if you opt for presumptive taxation and declare 6% or 8% of turnover as profit without maintaining books.
Documents You’ll Need for ITR Filing
Keep these handy before you start e-filing to avoid errors and notices:
| Document | Why You Need It | Rules |
|---|---|---|
| PAN + Aadhaar | Mandatory. PAN-Aadhaar must be linked | Unlinked PAN = higher TDS + no refund |
| Form 16 | Shows salary earned + TDS deducted by employer | Check Part B for new regime vs old regime deductions |
| Form 26AS + AIS + TIS | Tax credits + full financial footprint | AIS now includes SFT data: stocks, MFs, high-value spends |
| Capital Gains Statements | From broker/ CAMS/ Kfintech | Scrip-wise reporting now mandatory |
| Crypto/VDA Statements | From exchanges like CoinDCX, WazirX | P&L for each trade needed |
| Business Books/GST Returns | For ITR-3/ITR-4 | Reconcile with GSTR-1 + 3B to avoid scrutiny |
What are the Income Tax Filing Due Dates and Deadlines?
Income Tax Filing Due Dates for FY 2025-26 / AY 2026-27
File before the deadline to avoid ₹5,000 late fee, interest u/s 234A/234B, and loss of certain deductions. Here are the official due dates:
| Taxpayer Category | Last Date to File ITR |
|---|---|
| Individuals, HUF, AOP, BOI – No Audit | 31st July 2026 |
| Businesses/Professionals – Tax Audit Applicable | 31st October 2026 |
| Assessees with Transfer Pricing Report | 30th November 2026 |
| Belated Return Filing with Penalty | 31st December 2026 |
| Revised Return Filing | 31st December 2026 |
| Updated Return ITR-U | Within 24 months from end of AY 2026-27 – up to 31st March 2029 |
Note:
If you miss 31st July 2026, you can still file a belated return by 31st Dec 2026 but pay late fee u/s 234F — ₹1,000 if income < ₹5 lakh, ₹5,000 if income > ₹5 lakh. Interest @1% per month applies on tax due.
Income Tax Slabs for FY 2025-26 / AY 2026-27
You can choose between New Tax Regime and Old Tax Regime. New Regime is the default. File Form 10-IEA if you want to opt for Old Regime.
New Tax Regime – Default for AY 2026-27
| Total Income | Tax Rate |
|---|---|
| Up to ₹4,00,000 | NIL |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Key Benefits in New Regime:
Standard Deduction ₹75,000 for salaried. Rebate u/s 87A up to ₹60,000 — so zero tax if income up to ₹12 lakh. Surcharge for income > ₹2 Cr reduced to 25% from 37%.
Old Tax Regime – AY 2026-27
| Total Income | Tax Rate – Below 60 Years |
|---|---|
| Up to ₹2,50,000 | NIL |
| ₹2,50,001 – ₹5,00,000 | 5% |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
For Senior Citizens 60–80 yrs: Basic exemption ₹3,00,000.
For Super Senior Citizens 80+ yrs: Basic exemption ₹5,00,000.
Old vs New – Which to Choose?
Pick Old Regime only if your deductions like 80C, 80D, HRA, home loan interest exceed ₹3.75 lakh. Otherwise, New Regime saves more tax for most taxpayers.
Deductions Available under Income Tax – FY 2025-26 / AY 2026-27
Deductions reduce your taxable income. But remember: most deductions are only available if you opt for the Old Tax Regime. New Regime allows very few. Choose wisely.
Deductions Under Old Tax Regime
Claim these only if you file under Old Regime by submitting Form 10-IEA before due date.
| Section | Deduction For | Max Limit – AY 2026-27 |
|---|---|---|
| 80C | LIC, PPF, ELSS, EPF, tuition fees, home loan principal, NSC, SSY | ₹1,50,000 combined |
| 80CCD(1B) | Additional NPS contribution | ₹50,000 over 80C limit |
| 80D | Medical insurance premium – self, family, parents | ₹25,000 – self/family <60 yrs. ₹50,000 – parents 60+ yrs. Total up to ₹1,00,000 |
| 80DD | Medical treatment of dependent with disability | ₹75,000 – normal disability. ₹1,25,000 – severe disability |
| 80DDB | Medical treatment for specified diseases | ₹40,000 – <60 yrs. ₹1,00,000 – 60+ yrs |
| 80E | Interest on education loan | No limit. For 8 years from start of repayment |
| 80EE/80EEA | Interest on home loan for first-time buyers | ₹50,000 / ₹1,50,000 subject to conditions |
| 80G | Donations to approved funds/NGOs | 100% or 50% with/without qualifying limit |
| 80GG | Rent paid if HRA not received | ₹5,000 per month – subject to conditions |
| 80TTA | Interest from savings account | ₹10,000 for individuals/HUF |
| 80TTB | Interest income for senior citizens | ₹50,000 for 60+ years |
| 80U | Self with disability | ₹75,000 – normal. ₹1,25,000 – severe |
| 24(b) | Home loan interest for self-occupied house | ₹2,00,000 per year |
Deductions Allowed in New Tax Regime – AY 2026-27
New Regime is default but allows very limited deductions:
| Section | Deduction Allowed | Limit |
|---|---|---|
| Standard Deduction | For salaried & pensioners | ₹75,000 |
| 80CCD(2) | Employer’s NPS contribution | 14% of salary – Govt employees. 10% – others |
| 80CCH | Amount deposited in Agniveer Corpus Fund | 100% of contribution |
| Family Pension Deduction | For family pension recipients | ₹25,000 or 1/3rd of pension, lower |
| Section 57(iia) | Standard deduction on family pension | Same as above |
Rebate u/s 87A – Both Regimes
New Regime: Full tax rebate if total income up to ₹12 lakh. Tax payable = zero.
Old Regime: Full tax rebate if total income up to ₹5 lakh.
Common Mistakes to Avoid
- Claiming 80C deductions in New Regime — not allowed.
- Forgetting to file Form 10-IEA for Old Regime. Once opted out, can’t switch back in same year for business income.
- Not linking investments to PAN. Department cross-checks via AIS.
What is the Penalty for Late Income Tax Filing?
Penalty for Late Income Tax Filing – FY 2025-26 / AY 2026-27
File after 31st July 2026 and the Income Tax Act triggers penalties, interest, and loss of benefits. Here’s what it actually costs you:
Why Choose Lawgical Barrister for Income Tax Filing?
We combine CA expertise with legal precision to make your ITR filing accurate, tax-efficient, and notice-proof.
Expert CA + Legal Team: Every return prepared by Chartered Accountants and reviewed for legal compliance. Specialists for salaried, business, NRI, capital gains, and crypto cases.
100% Accurate & Fast: AIS/TIS reconciliation before filing to avoid mismatch notices. Same-day filing and e-verification support.
Maximum Legal Tax Savings: We claim all eligible deductions under 80C, 80D, HRA, home loan, and more. Compare Old vs New Regime and file under the one that saves you more.
Complete Support: Real-time dashboard to track ITR and refunds. 1-year notice handling support included if you receive any intimation from the department.
Pan-India & NRI Filing: 100% online process for clients across India and abroad with dedicated video consultations.
Hassle-Free Income Tax Return Filing in Kanpur
Filing your income tax return (ITR) is an essential responsibility for individuals and businesses. At Lawgical Barrister, we provide professional income tax return filing services in Kanpur to ensure accurate and timely submission of your returns.
Our experts handle everything from income calculation to final filing, ensuring complete compliance with tax laws.
We simplify the process so you can file your returns without stress and avoid penalties.
Our Income Tax Return Filing Services
- Individual ITR Filing
- Business & Professional Returns
- Salary, Freelance & Other Income Filing
- Capital Gain ITR Filing
- Revised Return Filing
- Late Filing & Error Correction
Who Should File Income Tax Returns?
- Individuals with taxable income
- Salaried employees
- Freelancers and professionals
- Business owners
- Individuals with investments or capital gains
Why Choose Our ITR Filing in Kanpur
- Accurate & Error-Free Filing
- Fast Processing
- Experienced Tax Experts
- Affordable Pricing
- Complete Compliance Support
Our ITR Filing Process
- Document Collection
- Income Calculation
- Return Preparation
- Filing & Confirmation
Benefits of Professional ITR Filing
Professional ITR filing ensures accuracy, reduces errors and helps you claim all eligible deductions.
It also helps you stay compliant, avoid penalties and maintain proper financial records.
File Your Income Tax Return Today
Get expert help and ensure hassle-free income tax return filing.
FAQs – Income Tax Return Filing in Kanpur
It is the process of reporting your income and taxes to the government.
Generally, it is 31st July (may vary as per government updates).
Yes, but with penalties and late fees.