ITR : FY. 25 - 26. Rule of Law
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Page.1.Cover Page.
Volume 1.Section.B.
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Page.1. About this Page.
e -Theme Law Magazine Blog. Volume 1.Section.A.
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How to file Income Tax.
e- theme magazine. Rule of Law ITR. Awareness.
Know ITR with Us.
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Assessment Year. 26-27.
ITR.FY.25 - 26.
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ITR.Financial Year.25 - 26.
Assessment Year.26 - 27.
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Key Due Dates. for AY 2026–27 (FY 2025–26)
July 31, 2026 : for salaried individuals and taxpayers
not requiring a tax audit to file ITR -1 and ITR-2.
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Advocate. Dr.Madhup Raman.
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Exclusively for Pensioner / Salaried. Person.
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Glossary : ITR Awareness : Page
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AIS / TIS : How to get AIS/ TIS :
In an Income Tax Return (ITR), AIS stands for Annual Information Statement. It is a comprehensive digital report created by the Income Tax Department that consolidates all the financial transactions linked to your PAN for a specific financial year.
Simply login with your User ID and Password.
Dashboard, e file , Authorized Partners , Services then you get AIS
Click that.
Right Handed Side you will get Download AIS/ TIS ( Fy 25 -26 )
Press Download you will get these.
Remember with your PAN number and your Date of Birth , treated as a password it can be opened.
Needed Documents : a. AIS ,The Annual Information Statement (AIS) and Form b. 26AS are distinct tax documents issued by the Income Tax Department of India. Form 26AS functions as your verified tax passbook for tracking TDS/TCS and advance taxes. AIS acts as a 360-degree financial journal capturing all taxable and non-taxable incomes linked to your PAN.
TIS : Taxpayer Information : In the context of filing your Income Tax Return (ITR) in India, TIS stands for Taxpayer Information Summary. It is a simplified, category-wise statement provided by the Income Tax Department that aggregates your yearly income, investments, and tax deductions (such as salary, interest, and dividends) to help you accurately pre-fill your ITR.
for getting this click AIS. Get a. Instruction.b.AIS.Click this. Then opt TIS for downloading.
Earned Dividend yearly in which category : An earned annual dividend is categorized under Income from Other Sources for tax filing purposes if you hold the underlying shares as an investor. However, its classification changes depending on the context of your query.
Capital Gains : Capital Gains in your Income Tax Return (ITR) for FY 2025-26 (AY 2026-27), you must declare profits from selling assets like shares, mutual funds, gold, or property
EPFO : Employees' Provident Fund Organization. The full form of EPFO is the Employees' Provident Fund Organization. It is a statutory body under the Ministry of Labor and Employment, Government of India.
Pension received from the Employees' Provident Fund Organization (EPFO) under the Employees' Pension Scheme (EPS) must be filed under the head Income from Salaries' in your Income Tax Return (ITR)
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Different ITR : Files
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Files : ITR 1.Sahaj. for Salaried person, Pensioner, Earned Interest from Savings, FDs, and Dividend from Mutual Funds as a long term. Income 50 lakh.
Files : ITR 2. ITR-2 is an income tax return form for individuals and Hindu Undivided Families (HUFs) who do not have income from a business or profession. Income 50 lakh.
You should file ITR-2 if your income comes from salary/pension, multiple house properties, capital gains (e.g., stocks, mutual funds, property), foreign assets, or agricultural income exceeding ₹5,000
Files : ITR 3. ITR-3 is a comprehensive income tax return form for individuals and Hindu Undivided Families (HUFs) who earn income from a proprietary business or profession.
You must file ITR-3 if you have business/professional income, are a partner in a firm, or do not qualify for presumptive taxation schemes.
Files : ITR 4. is a simplified income tax return form designed for resident individuals, Hindu Undivided Families (HUFs), and partnership firms (excluding LLPs) whose total income is up to ₹50 Lakh and who declare business or professional income under presumptive taxation schemes.
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Contents : Page :
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Which Income is liable to be filed ITR.
In India, you must file an Income Tax Return (ITR) if your total annual income before deductions exceeds the ₹2.5 lakh limit under the old tax regime,
or ₹7 lakh under the new tax regime.
However, mandatory filing depends on your specific category and transactions :
Senior Citizens (60–80 years) : Mandatory if income exceeds ₹3 lakh (old regime) or ₹7 lakh (new regime).
Super Senior Citizens (80+ years) : Mandatory if income exceeds ₹5 lakh (old regime) or ₹7 lakh (new regime).
Businesses & Professionals : Mandatory if business turnover exceeds ₹60 lakh or professional gross receipts exceed ₹10 lakh.
An annual salary of ₹12,75,000 falls into the 15% tax bracket under India's New Tax Regime. However, because of tax rebates and deductions, you pay 0% effective tax on exactly ₹12,75,000.
If your income goes above ₹12,75,000, you lose the tax rebate entirely, and the income is taxed progressively starting at 5%, 10%, and 15% depending on the exact slabs.
Understanding the 12,75,000 Calculation For salaried individuals, your tax drops to zero because of two specific rules under the Income Tax Department guidelines :
Standard Deduction : A flat ₹75,000 is deducted from your gross salary automatically. This brings your taxable income down to exactly ₹12,00,000.
Section 87A Rebate : If your taxable income is ₹12,00,000 or lower, you receive a full tax rebate of up to ₹60,000, making your net tax liability Nil.
Under the default New Tax Regime in India, you pay zero income tax on an annual income up to ₹12 Lakh. If you are a salaried employee, this limit increases to ₹12.75 Lakh due to an automatic deduction.
Understand how the zero-tax limit works
The exact tax-free threshold depends on your type of income and the tax regime you choose :
The New Tax Regime : (Default) This regime offers the highest tax-free limits using a combination of a standard deduction and a tax rebate.
Standard Deduction : A deduction of 75 thousand (₹75,000) almost certainly refers to the Standard Deduction available to salaried employees and pensioners under India's New Tax Regime
Salaried Individuals : Fully tax-free up to ₹12,75,000. A flat Standard Deduction of ₹75,00,0 is automatically subtracted from your salary, reducing your taxable income back down to ₹12 Lakh.
Non-Salaried Individuals (Business/Profession/Rent) : Fully tax-free up to ₹12,00,000. This is because the calculated tax on ₹12 Lakh is exactly ₹60,000, which is 100% wiped out by the Section 87A rebate.
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Fill Self Pension : Your pension must be reported under the head income from Salary if it is received from your former employer. or under Income from Other Sources.
Fill in the B1.Income Salary or Pension whatever manually filled in that edit mode
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to be continued..
Column Visitor / Editors
Advocate : A.K. Bakshi. Patna High Court.
Advocate : K.K. Trivedi. Income Tax.
Advocate : Anuj Kumar. Income Tax.
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