ITR Filing 2026: The Income Tax Department has released the Excel utility for ITR-1 and ITR-4 for the financial year 2025-26 (assessment year 2026-27). Taxpayers can now begin filing their income tax returns (ITRs).
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ITR Filing 2026: The Income Tax Department has released Excel utilities for ITR-1 and ITR-4 for the financial year 2025-26 (assessment year 2026-27). Taxpayers can now begin filing their income tax returns (ITRs). Although online ITR filing has not yet been launched, returns can be prepared and uploaded using the Excel format.
This Excel utility works as an offline tool. Taxpayers can enter their income, deductions, and other information. The system then generates a JSON file, which can be uploaded to the Income Tax Portal to submit the ITR.
Who can file ITR-1 and ITR-4?
ITR-1 Sahaj is for individuals with annual income up to ₹50 lakh, whose income comes from salary, one house, interest, or other common sources. This can include long-term capital gains up to ₹1.25 lakh and agricultural income up to ₹5,000.
ITR-4 (Sugam) is for small businesses, professionals, HUFs, and firms with income up to ₹50 lakh. These fall under the presumptive taxation scheme. Under this scheme, small businesses and professionals can pay taxes based on a fixed percentage without submitting complete accounts.
Don’t rush, wait for Form 16
Tax experts say that salaried individuals should wait for Form 16 before filing their ITR. Companies release Form 16 by June 15, which contains complete information about TDS and salary.
The last date for filing ITR has been fixed as 31 July 2026.
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