Salary ITR Filing - Guide for AY 2026-27
📌 TL;DR - Salary ITR Services at a Glance
Salaried income taxed under 'Income from Salaries'. ITR-1 (Sahaj) for salary up to Rs 50 lakh with LTCG up to Rs 1.25 lakh. ITR-2 for higher income or capital gains. New regime: salary up to Rs 12.75 lakh tax-free (Rs 75,000 SD + Rs 60,000 Section 87A rebate). Old regime wins if deductions exceed Rs 3.75 lakh. Due: 31 July 2026. From Rs 499.
For over 6 crore salaried taxpayers in India, filing ITR is both a compliance obligation and a strategic financial decision. With the new tax regime as default for FY 2025-26, every salaried employee faces a choice: stay with lower rates and simpler structure, or opt for the old regime with HRA, 80C, and home loan deductions. Getting this right can mean a difference of thousands to lakhs in annual tax.
| Parameter | Details |
|---|---|
| ITR Form | ITR-1 (Sahaj) up to Rs 50 lakh + LTCG up to Rs 1.25 lakh; ITR-2 for higher income/capital gains/foreign income |
| Tax-Free Salary (New Regime) | Rs 12.75 lakh (Rs 75,000 SD + Rs 60,000 Section 87A rebate = zero tax) |
| New vs Old Regime | New regime default. Old wins if deductions (HRA+80C+home loan+80D) exceed Rs 3.75 lakh at Rs 15 lakh income |
| Form 16 | TDS certificate from employer. Part A: TDS deposited. Part B: salary breakdown + deductions. Must match 26AS/AIS |
| Due Date AY 2026-27 | 31 July 2026 (non-audit). Belated: 31 Dec 2026. Revised: 31 Mar 2027 (Budget 2026 extension) |
| Multiple Employers | Add all Form 16s. Consolidate TDS. Claim deductions once. Pay self-assessment tax if shortfall |
| Patron Fee | Starting from Rs 499 |
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