ITR Form for AY 2025-26: Income and Deadline Form for Income Tax!

The Central Committee on Direct Taxes announced the income tax return forms for the year of estimation of 2025-26, in which revenue earned for FY 2024-25 will be taxed and evaluated. Changes were introduced to reduce the complexity of the tax system for small taxpayers.

Changes in the ITR tax form are based on the recently made changes to taxes, which will be used by individuals, companies and organizations for tax return. CBDT informed the key changes on May 30, 2025 and informed that it was in force from 01 April 2025.

ITR Forms 1 to 5 received updates and some patterns have changes that each taxpayer should know. Taxpayers can file an ITRS for AY 2025-26 from 01 April 2025 to 31 July 2025, while companies should be submitted before October 31, 2025.

Types of ITR Form

Indian taxpayers who are preparing to report their revenues generated in 2024. The welcome should first know the types of ITR form to understand which form is suitable for the application of taxes according to their situation. Here we have courished the types of ITR -Ai form who can use them:

• ITR-1: Form 1 or Sahaj use individual taxpayers (ordinary residents) whose earnings are up to ₹ 50 lacquer from employment, property or other sources. The ITR-1 Form does not apply to the directors of the company, people who have assets or income outside India or people with capital gain above ₹ 1.25 lakh.
• ITR-2: Form 2 applies to individuals who are not acceptable to the form and originate from Hindu undivided families (HUF) and have no capital gain or income of more than one property or property.
• ITR-3: Form 3 are used by individuals and HUFs who have revenue from business or profession and do not qualify for ITR-1, 2 or 4.
• ITR-4: Form 4 (or Sugam) refers to individuals, companies, HUF (except LLPS) who are residents or ordinary residents of India and have total revenue up to ₹ 50 lakh or income from the profession/ business, etc.
• ITR-5: This is applicable for companies, LLPs, bodies of individuals, associations of persons or artificial legal entities.

Changes

According to income tax announcement, taxpayers may expect the following changes in AY 2025-26 forms:

• Capital Relaxing for Small Taxpayers: According to updates, individuals who receive salary or small business owners get relaxing for the capital gain threshold with LTCG in accordance with the 112a section, more than 1.25 varnish, when they have a loss of CF/ BF, so that people can use ITR-1 or ITR-4 form even when they have capital.
• Capital Gain Split: According to the ITTR-2, the IT department simplifies the schedule of capital gains for profit profit before/ after July 23, 2024, therefore, in accordance with section 111A, it will be taxed to 20%, while according to section 112 and 112A it will be taxed to 12.5% ​​without indexation.
• Increasing assets and limits of obligations: According to the ITR-2 form, the department informs that the restriction of the property and obligation is increased to 1 crown from total application revenue.
• Dividend Redemption: Forms ITTR-2 updates say that the loss of capital redemption is applicable if dividend revenue comes from other sources of revenue from October 2024.
• Aadhaar enrolled ID: From now on, Aadhar’s registered ID has not been accepted in the ITR Form 1, 2.3 and 5 with changes in AA from section 139.
• Section 115 BAC: Confirmation of the abandonment of a new tax regime and whether the 10-IEA Form in previous years is required for ITR-3, 4 and 5 patterns.
• Cruise operators: new requirements for reporting revenue for cruise operators have been introduced in accordance with 44 BBC sections.
• Section 50AA: Bonds that do not perform are now included in the 50AA section for short-term capital gains (STCG), and profit from the purchase must be reported as dividends in the OS schedule.

The deadline is 2025-26

Indian taxpayers have to pay taxes when taxable income for a fiscal year exceeds ₹ 2.5 lakh, so that people who prepare to report revenue realized in FY 2024-25 should know the deadline for payment of taxes:

How to file a tax?

The fastest method of submitting income tax return is an Internet method, when they have collected their documents required for the tax return. Indian taxpayers can file a income tax return by the following steps:

• Go to the IEC/ Foportal/ Foportal/ Foportal Income Tax portal and sign up for a PAN card portal and create a password; If you don’t have a user name, you can create an account.
• Then go to the e-file option, select income tax return and now select the year of your estimate, the ITR form, the status of the application and the application method, etc.
• After that, move to the next step and check your information before sending a tax form.

After submitting the form, the e-comition will be performed through Aadhar cards, net banking or other methods. Taxpayers should learn significant changes that CBDT updated to correctly file a tax return for AY 2025-26.