Last Updated: June 2026 — FY 2025-26 (AY 2026-27)
Frequently Asked Questions on Income Tax Returns
Q1. What is the last date to file ITR for FY 2025-26?
The last date to file ITR for FY 2025-26 (AY 2026-27) without a late fee is 31 July 2026. A belated return can be filed up to 31 December 2026 with a late fee.
Q2. Which ITR form should I use if I am salaried?
Most salaried individuals with income up to Rs. 50 lakh should file ITR-1 (Sahaj). If you have capital gains, more than one house property, or income above Rs. 50 lakh, use ITR-2.
Q3. Is it mandatory to file ITR if all tax is already deducted (TDS)?
Yes, if your gross income exceeds the basic exemption limit (Rs. 3 lakh under new regime or Rs. 2.5 lakh under old regime), you must file ITR even if TDS has been fully deducted. Filing also lets you claim any refund.
Q4. How do I get my income tax refund faster?
Pre-validate your bank account on incometax.gov.in, e-verify your ITR immediately after filing using Aadhaar OTP, and ensure your PAN is linked to Aadhaar. Most refunds are processed within 15–45 days of e-verification.
Q5. What is the penalty for late filing of ITR?
Under Section 234F: Rs. 5,000 for income above Rs. 5 lakh, and Rs. 1,000 for income up to Rs. 5 lakh. Additionally, interest under Section 234A applies on unpaid tax.
Q6. Can I switch between New and Old Tax Regime?
Yes. Salaried individuals can switch regimes every year at the time of filing ITR. Business owners can switch only once from New to Old Regime.
Q7. What is e-verification and why is it important?
E-verification confirms your ITR submission and makes it legally complete. Without e-verification within 30 days of filing, your ITR is treated as not filed. Verify via Aadhaar OTP, Net Banking, or EVC.
Q8. How do I check if my ITR has been processed?
Login to incometax.gov.in ? e-File ? Income Tax Returns ? View Filed Returns. You can see the status: Submitted, Verified, Processing, or Processed (Intimation u/s 143(1) issued).