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Income Tax Return (ITR) Filing Online in India - CA Assisted Tax Filing Service for FY 2025-26
The ITR is the income tax return that the taxpayer must file with the income tax department, detailing their income, taxes, and dependents for the respective financial year. Because the tax system has shifted from paper forms to electronic filing (e-filing), a taxpayer can now file an ITR at home from any computer connected to the Internet.
Taxpayers can report income earned from salaries, businesses/professions, rental properties, capital gains, and other forms of income when filing an ITR online. By filing an electronic ITR, taxpayers can claim deductions, receive refunds for taxes owed, and have access to adequate documentation to establish their income and assets when applying for loans, visas, or other financial transactions.
Kanakkupillai offers expert assistance to both individuals and businesses filing ITRs electronically, so your ITR will be completed smoothly and securely without any additional paperwork.
What is ITR Filing?
A taxpayer is required to file an ITR with the Income Tax Department of India to disclose his/her income, expenses, and taxes paid in connection with their earnings during the financial year. The return will include income from all sources, including earnings from employment, rental property (if any), self-employment/business, investment profits (capital gains), and miscellaneous income (any other taxable source).
The Government of India needs to know how much tax each individual owes to determine whether any additional taxes are due or whether an individual is owed a refund. Filing your return is required to comply with the Income Tax Act of 1961.
In addition to providing proof of tax compliance, filing an income tax return provides value to the taxpayer for other purposes (loans, credit cards, visas, etc.) and allows the taxpayer to carry over some tax losses from one year to the next for future tax adjustments. Taxpayers are now able to file their returns electronically via the Internet through the Income Tax Department's official e-Filing portal.
Types of ITR Forms in India
The Income Tax Department has prescribed different ITR forms depending on the type of taxpayer, nature of income, and category of entity. Choosing the correct form is essential for accurate tax filing.
|
ITR Form |
Applicable For |
Key Features |
|
Resident individuals with income up to ₹50 lakh from salary, one house property, or other sources |
Simplest form, commonly used by salaried taxpayers |
|
|
Individuals and HUFs with income from capital gains, more than one house property, or foreign income |
Not applicable for income from business or profession |
|
|
Individuals and HUFs having income from business or profession |
Used by business owners, freelancers, and professionals |
|
|
Individuals, HUFs, and firms (other than LLPs) opting for presumptive taxation under Sections 44AD, 44ADA, or 44AE |
Simplified form for small businesses and professionals |
|
|
Firms, LLPs, Association of Persons (AOP), Body of Individuals (BOI), and other entities |
Not applicable for individuals |
|
|
Companies other than those claiming exemption under Section 11 |
Used by most registered companies |
|
|
Entities required to file returns under Sections 139(4A), 139(4B), 139(4C), or 139(4D) |
Applicable to trusts, political parties, and charitable institutions |
Who Should File ITR in India?
Under the Income Tax Act, 1961, certain individuals and organisations whose annual income, financial activities, or legal obligations require them to file an ITR. However, even if you don’t have to file an ITR by law, it is still a good idea to do so because it helps create a paper trail for your finances and may also entitle you to receive a tax refund.
A. Individuals Who Must Submit an ITR
1. Individuals Whose Total Income Exceeds the Basic Exemption Amount:
If your total annual income exceeds the basic exemption limit, you are required to file an ITR. Current exemption amounts for taxation are as follows:
Under the New Tax Regime (Default Regime):
- ₹3 lakh for all individuals, including senior citizens
Under the Old Tax Regime:
- ₹2.5 lakh for individuals below 60 years
- ₹3 lakh for senior citizens (60–80 years)
- ₹5 lakh for very senior citizens (above 80 years)
If the total taxable income exceeds these limits, filing an ITR is mandatory.
2. Individuals Engaged in Specified High-Value Financial Transactions
Under the provisions of Section 139(1), individuals must file an ITR if they undertake certain high-value financial transactions during the financial year, even if their income is below the exemption limit.
Examples include:
- Depositing ₹1 crore or more in one or more current bank accounts
- Spending ₹2 lakh or more on foreign travel
- Paying electricity bills exceeding ₹1 lakh during the year
- Other high-value transactions reported to the Income Tax Department
3. Individuals Who Wish to Claim a Tax Refund:
If you have had too much tax withheld via TDS and/or have paid too much tax via payments made in advance, you will be required to submit your ITR in order to receive a refund of those excess amounts.
4. Individuals with Foreign Income or Assets:
Residents of India who hold foreign assets, have foreign bank accounts, or earn income from overseas sources must file an ITR.
5. Individuals Applying for Loans or Visas:
Many banks and foreign embassies require ITR documents as proof of income and financial stability.
B. Entities Required to File ITR
Apart from individuals, several entities are also required to file income tax returns, including:
- Companies and LLPs
- Partnership firms
- Trusts and charitable institutions
- Associations of Persons (AOP) and Body of Individuals (BOI)
Benefits of Income Tax Return Filing
- You are continuing to comply with the Income Tax Act - By filing your income tax return, you are complying with the Income Tax Act of 1961. Businesses or individuals who make more than the exemption limit must file their tax return by the due date.
- You Can Get a Tax Refund - If you have overpaid taxes through TDS, you can claim a refund by submitting an income tax return.
- You Can Carry Forward Certain Losses - If you file your income tax return by the deadline, you may be able to carry forward certain types of losses (for example, capital losses or business losses) against your future income, which can decrease the total amount of taxes you owe.
- Loan and Credit Approval - ITR acknowledged from previous years are needed by banks and financial institutions when you apply for a home loan, personal loan, or credit cards. When you file your ITR regularly, it builds your financial profile in the eyes of banks and other financial institutions.
- Visa Documents - When applying for a travel or immigration visa, many countries want you to submit your ITRs as proof of your financial stability.
- Document Your Income - Your ITR is an official document you use to confirm your income for a variety of financial or legal reasons.
- No Penalties or Notices - By filing your ITR on time, you will avoid late-filing penalties, interest charges on late payments, and possible notices from the Income Tax Department.
- Financial Planning Support - When you file your tax return regularly, you are keeping good records of your finances and will be able to track your income, deductions, and investments more easily.
Documents Required to File Income Tax Returns in India
To properly file an ITR, it is important to obtain all paperwork related to your finances, such as income, investment records and tax payment history. Having the right documentation can help avoid complications when processing your return, assist you in claiming any tax deductions to which you are entitled, and may help decrease the likelihood of receiving an inquiry from the income tax department.
Here are some of the common documents you will need to provide when preparing your ITR in India:
1. Basic Documents:
- PAN Card - Mandatory for filing an Income Tax Return
- Aadhaar Card - Required for identity verification and linking with PAN
- Bank Account Details - Including account number, IFSC code, and bank statements
- Form 26AS / AIS - Statement showing TDS, advance tax, and tax credits
2. Income Proof Documents:
- Form 16 - Issued by employers showing salary income and TDS return details
- Salary Slips - To verify income and deductions for salaried individuals
- Business or Professional Income Records - Profit and loss statements, invoices, or financial statements
- Interest Certificates - From banks or post offices for interest income on deposits
3. Investment and Deduction Proofs:
- Section 80C Investment Proofs - Such as ELSS, PPF, life insurance premiums, or tax-saving fixed deposits
- Health Insurance Premium Receipts - For deductions under Section 80D
- Home Loan Interest Certificate - For deductions on housing loan interest and principal repayment
- Donation Receipts - For deductions under Section 80G
4. Other Supporting Documents
- Capital Gains Statements - For income from the sale of shares, mutual funds, or property
- Rental Income Details - If income is earned from house property
- Foreign Income or Asset Details - If applicable
Have your documents ready? Let our experts handle your Income Tax Return filing quickly and accurately. Start ITR Filing Now.
Step-by-Step Filing Process - How to File ITR Online FY 2025-26?
The e-filing facility of the Income Tax Department has made filing and submitting your ITR more convenient and easier than when it was done manually. Below is a step-by-step guide to help you understand how to file an ITR in India.
1. Collect All Necessary Documents
Before you start the process of filing your ITR, you need to first be in possession of the relevant documents that you will be reporting on your ITR.
2. Create your User ID on the E-filing Portal or Login to your Existing Account
Go to the official Income Tax e-filing portal and use your PAN to log in to your account. Use your password to access the system. If this is your first time filing an income tax return, you will need to register and create a user id (which will be your PAN) following the registration process before you can file your ITR.
3. Select your ITR Form
Select the right ITR form to file your income tax return based on your applicable Taxpayer Category, Sources of Income and Eligibility. If you select the wrong ITR form when filing, you will risk having your ITR returned or rejected due to filing on the incorrect form.
4. Enter Income and Deduction Details
Fill in the required details related to your income from different sources, such as salary, house property, business or profession, capital gains, and other income. Also, include information about eligible deductions under various sections such as 80C, 80D, and other applicable provisions.
5. Verify Tax Paid and Calculate Liability
Check the tax details shown in Form 26AS or AIS to ensure that TDS, advance tax, and other payments are correctly reflected. The portal will automatically calculate your total tax liability or refund amount based on the information provided.
6. Review and Submit the Return
Carefully review all the information entered in the return. Once verified, submit the ITR through the portal.
7. E-Verify Your Return
After submission, the final step is to verify your ITR electronically. This can be done through Aadhaar OTP, net banking, bank account verification, or by sending a signed physical copy of ITR-V to the Centralised Processing Centre (CPC).
Once e-verification is completed, your Income Tax Return filing process is successfully completed, and the Income Tax Department will process the return and issue any eligible refunds.
ITR Filing Timeline in India
|
Stage |
Timeline |
|
Financial Year (FY) |
1 April - 31 March |
|
Assessment Year (AY) |
1 April - 31 March (following year) |
|
ITR Filing Start |
April |
|
ITR Filing Due Date (Individuals & Non-Audit Cases) |
31 July |
|
ITR Filing Due Date (Audit Cases) |
31 October |
|
Belated Return Filing |
Up to 31 December of the AY |
|
Updated Return (ITR-U) |
Up to 24 months from the end of the relevant AY |
ITR Filing Due Dates for FY 2025–26
The due dates for filing Income Tax Returns depend on the taxpayer's type and whether their accounts are required to be audited under the Income Tax Act, 1961.
|
Category of Taxpayer |
Due Date |
|
Individuals, HUFs, and taxpayers not requiring an audit |
31 July 2026 |
|
Businesses requiring an audit |
31 October 2026 |
|
Taxpayers are required to furnish a transfer pricing report |
30 November 2026 |
|
Belated or Revised Return |
31 December 2026 |
|
Updated Return (ITR-U) |
Up to 31 March 2029 (24 months from the end of AY) |
Filing your ITR before the due date helps avoid late-filing penalties and interest on tax dues, and ensures faster processing of tax refunds by the Income Tax Department.
Penalties for Non-Filing the ITR
Your penalty is correct, but you should mention the section under the Income Tax Act, 1961.
|
Condition |
Penalty |
|
Filing after the due date |
₹5,000 |
|
If income is below ₹5 lakhs |
₹1,000 |
This penalty is applicable under Section 234F.
Who is Not Required to File ITR?
Filing an ITR is not required in many cases, as taxpayers whose total income is below certain thresholds may also be exempt. These situations include:
- Individuals whose income does not exceed the prescribed Basic Exemption Limit: Individuals with gross annual incomes below the Basic Exemption Limit, as defined by the Income Tax Act, are not required to file an income tax return.
- Senior Citizens: Senior Citizens aged 75 years and over may not have to file an income tax return, provided all of their income is from a pension and/or interest from a single bank account where the bank withheld the tax.
- No Taxable Income by Individuals: Where there is no taxable income after taking into account the allowable deductions permitted by the Income Tax Act, individuals are not required to file an income tax return.
Old Tax Regime vs New Tax Regime: Which is Better for FY 2025-26 (AY 2026-27)?
|
Aspect |
Old Tax Regime |
New Tax Regime |
|
Tax Rates |
Higher tax rates |
Lower tax rates |
|
Deductions & Exemptions |
Allows deductions like Section 80C, 80D, HRA, LTA, Home Loan Interest |
Most deductions and exemptions are not allowed |
|
Standard Deduction and Basic Exemption Limit |
₹50,000 and ₹2,50,000 |
₹75,000 and ₹4,00,000 |
|
Suitable For |
Taxpayers with many investments and deductions |
Taxpayers with fewer deductions |
|
Complexity |
Slightly complex due to multiple deductions |
Simple and easy to calculate |
|
Default Regime |
Optional |
Default tax regime |
The Old Tax Regime is beneficial for taxpayers who claim multiple deductions and exemptions, while the New Tax Regime offers lower tax rates with fewer deductions and is now the default tax system in India from FY 2025-26 onwards.
Benefits of Filing an ITR with Kanakkupillai
Filing your Income Tax Return with Kanakkupillai ensures a smooth, accurate, and hassle-free experience. Our tax experts help you file your return correctly while maximising eligible deductions and ensuring compliance with the Income Tax Act, 1961.
- Expert CA Assistance – Get professional support from experienced tax specialists.
- Maximum Tax Savings – Claim all eligible deductions and tax benefits.
- Accurate & Compliant Filing – Avoid errors, penalties, and tax notices.
- Fast Refund Processing – Proper filing helps speed up refund claims.
- Secure & Online Process – Upload documents and file your ITR from anywhere.
- Post-Filing Support – Assistance with notices, verification, and refund tracking.
Common Mistakes to Avoid While Filing an ITR
- Wrong ITR Form - Selecting the wrong ITR based on either the income you earn or how taxpayers or tax filing agents categorise you as either a taxpayer can lead to rejection of your ITR and may necessitate you to adjust your filing.
- Under-reporting Income - Taxpayers fail to report all sources of income for the computation of tax liability.
- Maintaining Documentation - Lack of proper documentation, such as investment proofs, salary statements, or tax payment records, can cause difficulties if the tax authorities request verification.
- Incorrect PAN/Aadhaar/Address/Bank Account - Submissions where the PAN, Aadhaar, and address are incorrect will delay refunds and/or cause your tax return not to be processed by the Income Tax Department.
- Missing the Filing Deadline - Failing to file your ITR before the due date can result in late-filing fees, interest on the tax due, and the loss of certain benefits, such as the ability to carry forward losses.
Why Choose Kanakkupillai Over Other Tax Filing Platforms in India?
Choosing the right tax filing service can make a significant difference in the accuracy, speed, and reliability of your Income Tax Return (ITR) filing. While many platforms offer automated filing tools, Kanakkupillai combines expert professional support with a streamlined digital process, ensuring that your return is prepared accurately and filed on time.
Our experienced tax professionals guide you through every step of the filing process, help identify eligible deductions, and provide support even after the return is filed.
|
Feature |
Kanakkupillai |
Other Platforms |
|
Dedicated CA Support |
Yes |
No |
|
Maximum Deduction Guidance |
Yes |
No |
|
Yes |
No |
|
|
Refund Assistance |
Yes |
No |
Frequently Asked Questions
When is the last date to file an ITR?
For most individuals, the due date for the filing of their ITR is generally 31 July following the end of the assessment year. Where an ITR requires an audit to be performed, the due date for filing is generally 31 October following the end of the assessment year.What happens if I do not file my ITR?
If you do not file your ITR, you will be subject to penalties, interest on the outstanding amount of taxes owed, and you may be sent an Income Tax Notice. Furthermore, you cannot carry forward your losses to the next assessment year.Can an ITR be filed after the due date?
Yes, an ITR may be filed as a belated return after the due date with a penalty and with interest payable on any unpaid income taxes owing.What is a belated return as defined by Section 139(4)?
A belated return is an income tax return that has been submitted after the deadline for original submission but before the end of December 31 of that year.What documents are required for ITR filing?
The basic requisite documentation includes: PAN No., Aadhaar Card, Form 16, Bank Account Statement, Form 26AS/AIS, Evidence of Investment, Information pertaining to your various sources of income.Is it possible to file a Tax Return without using a Form 16?
Yes. You may file your Tax Return without a Form 16 by accurately substantiating your income and tax deductions using your salary slips, bank account statements and Form 26AS.Does a salaried employee need to file an Income Tax Return?
If your total income is more than the basic exemption limit, then a salaried person has to file an ITR. An individual needs to file an ITR if they wish to receive the refund of taxes which may have been deducted as TDS or claim eligible deductions.If TDS has been deducted, do I still need to file an ITR?
An individual must file an ITR even if TDS has been deducted by the Employer. Filing an ITR is required to report your total income (which includes any TDS deducted) and also to claim any excess tax that may have been paid and that is eligible for refund.How can I check my Refund Status of the Income tax?
You can check the status of your Refund on the Income tax e-filing portal log-in or by going to the Refund Tracking page, you will be asked to give your PAN and the Assessment Year details.How long does it take to get my income tax refund?
After filing a correct and verified return by the filed taxpayer, the amount of time for getting a refund can take anywhere from a couple of weeks to a few months, depending on the time taken to complete the verification/paperwork process.What are the Penalties for Late Filing of an ITR?
An individual who files a return after the due date can be subject to a penalty of ₹5000 applied under section 234F. In addition, interest will also be charged on any amounts owed to the Government.What deductions can be claimed while completing an ITR?
Some of the most common types of deductions are Section 80C (investments), 80D (health insurance), Section 80G (donations), and deduction for home loan interest, etc.Is it possible to switch between the old and new tax regime at the time of filing a return?
At the time of filing a return, salaried individuals may select either the old or new tax regime as per the rules.What are the deductions allowed under section 80C?
Section 80C permits taxpayers to claim deductions from their taxable income for investments made to the following items (up to ₹1.5 Lakh): PPF, ELSS, life insurance premiums, and tax-saving fixed deposits.Does a freelance worker have to file an ITR?
If a freelancer's income is greater than the exemption limit or if the freelancer has received business/professional income, they must file an ITR.Are NRIs required to file income tax returns in India?
Non-resident Indians (NRIs) must also file an income tax return (ITR) if they have earned taxable income in India (for example: rental income, capital gains and/or income from investments in India).What is presumed taxation as per section 44DAD?
Under Section 44AD, small businesses are permitted to declare their income at a prescribed percentage of their gross revenues, streamlining and simplifying tax calculations and reducing the compliance burden on businesses.How do I respond to an income tax notice?
If you receive an income tax notice, review the notice carefully and respond through the Income Tax e-filing portal with the required information or documents within the specified time.How much does it cost to file ITR online?
The cost of online ITR filing depends on the complexity of your income sources and professional service provider, but basic filings are generally affordable and quick.Can businesses and professionals file ITR online?
Yes, businesses and professionals can file their income tax returns online through the Income Tax Department’s e-filing portal, often with the help of tax professionals for accurate reporting.What makes Us Different
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