E-Verify the return (Aadhaar OTP, Net Banking, DSC, or ITR-V post).<\/li>\n<\/ol>\nYou can start preparing and filing your return for AY 2025\u201326 using these forms if you are eligible. Let me know if you want<\/span><\/p>\n\n- A checklist of documents needed<\/li>\n
- Tax planning tips before filing<\/li>\n
- Help with selecting the correct ITR form<\/li>\n
- A comparison of new vs old tax regime based on your income<\/li>\n
- Documents to Keep Ready<\/li>\n<\/ul>\n
\n- \n
\n- Form 16\/16A<\/li>\n
- Form 26AS, AIS & TIS<\/li>\n
- PAN, Aadhaar<\/li>\n
- Bank statements<\/li>\n
- Investment proofs<\/li>\n
- Home loan\/employment rent receipts<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n
<\/span>Old vs. New Tax Regime: What to Know<\/strong><\/span><\/span><\/h3>\n![\"Why](\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2026\/06\/old-vs-new.jpeg\")
<\/p>\n
\n- Default Regime for FY 2025-26 is New Tax Regime<\/li>\n
- You can opt for Old Tax Regime if it gives more benefit (e.g., 80C, 80D, HRA, interest on home loan)<\/li>\n
- Form 10-IEA must be filed if opting for Old Regime<\/li>\n
- Common Filing Mistakes to Avoid like Selecting wrong ITR form, Entering incorrect PAN\/Aadhaar\/IFSC, Mismatch between reported income and Form 26AS\/AIS and Not declaring interest income from savings\/FDs.<\/li>\n<\/ul>\n
<\/span>Benefits of Early ITR Filing<\/strong><\/span><\/span><\/h3>\n\n- Avoids last-minute portal congestion<\/li>\n
- Quicker processing and faster tax refunds<\/li>\n
- More time for error correction and rectification<\/li>\n
- Peace of mind and more time for financial planning<\/li>\n
- Improved visibility into income and tax liabilities<\/li>\n<\/ul>\n
<\/span>Who is NOT Required to File ITR\u00a0<\/strong><\/span><\/span><\/h2>\n<\/span>1. Income Below Basic Exemption Limit<\/strong><\/span><\/span><\/h3>\n\n
For Financial Year 2025-26 (AY 2026-27)<\/strong>, your table is not correct<\/strong> under the new tax regime. The basic exemption limit has been increased to INR 4,00,000<\/strong> for all individuals irrespective of age. Basic Exemption Limit \u2013 FY 2025-26<\/p>\n\n
\n\n\n| Category<\/th>\n | New Regime<\/th>\n | Old Regime<\/th>\n<\/tr>\n |
\n| Individuals below 60 years<\/td>\n | INR 4,00,000<\/td>\n | INR 2,50,000<\/td>\n<\/tr>\n |
\n| Senior Citizens (60\u201380 years)<\/td>\n | INR 4,00,000<\/td>\n | INR 3,00,000<\/td>\n<\/tr>\n |
\n| Super Senior Citizens (80+ years)<\/td>\n | INR 4,00,000<\/td>\n | INR 5,00,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n Under the new tax regime,\u00a0the Section 87A rebate has been enhanced, making income up to INR 1,200,000 effectively tax-free (and up to approximately INR 12.75 lakh salary income after the standard deduction of \u20b975,000). However, ITR filing may still be required in specific situations such as:<\/p>\n \n \n- Holding foreign assets,<\/li>\n
- Foreign income,<\/li>\n
- Claiming a refund of tax deducted at source.<\/li>\n
- Certain high-value transactions,<\/li>\n
- Carrying forward losses.<\/li>\n<\/ul>\n
Therefore, for FY 2025-26, replace INR 300,000 with INR 400,000 in all New Regime rows.<\/p>\n<\/div>\n<\/div>\n <\/span>2. Income Only from Interest or Pension (No TDS Deducted)<\/strong><\/span><\/span><\/h3>\n\n- \n
If total income (e.g., FD, savings interest, pension) is within exemption limit and no TDS is deducted \u279d ITR not required<\/p>\n<\/li>\n<\/ul>\n <\/span>3. Agricultural Income (Below Threshold)<\/strong><\/span><\/span><\/h3>\n\n- \n
If only agricultural income and it is \u2264 \u20b95,000 \u279d ITR not required<\/p>\n<\/li>\n - \n
If agricultural income > \u20b95,000 AND non-agricultural income > exemption limit \u279d ITR mandatory (due to partial integration)<\/p>\n<\/li>\n<\/ul>\n <\/span>4. Housewives & Students with No Taxable Income<\/strong><\/span><\/span><\/h3>\n |
![\"ITR](\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2026\/05\/ITR-.jpg\")
<\/strong><\/p>\n