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Income Tax Department reports 1.7 crore ITR filings
The Hindu BusinessLine··12 Jul
The Income Tax Department said on Saturday that over 1.7 crore income tax returns were filed for assessment year 2026-27 covering income earned in 2025-26. More than 10 lakh returns were filed on Friday alone. The last date to file ITR-1 and ITR-2 is July 31, 2026. Officials expect further briefings as reviews continue this week.
Prism
What It Means For You
- If you earn salary income up to Rs 50 lakh with one house property, ITR-1 Sahaj may apply for income earned in 2025-26.
- The deadline to file ITR-1 and ITR-2 for assessment year 2026-27 is July 31, 2026.
- More than 10 lakh returns were filed on Friday alone, showing rising last-week filing momentum.
What's Happening
- The Income Tax Department said on Saturday that over 1.7 crore returns were filed for assessment year 2026-27.
- More than 10 lakh returns were filed on Friday, according to the department's post on X.
- ITR-1 covers resident individuals with salary, one house property, and agricultural income up to Rs 5,000 annually.
July 31 Deadline Ahead
- ITR-2 is for individuals and HUFs with capital gains income but without business or profession profits.
- The department urged taxpayers to file before the final rush near month-end.
- Figures cover income earned during the 2025-26 financial year.
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