ITR Filing 2026: The July 31 Deadline and Which Regime to Pick

Last date to file ITR for FY 2025-26 (AY 2026-27) without audit is 31 July 2026.

New regime is the default; salaried pay zero tax up to roughly Rs 12.75 lakh after standard deduction.

Old regime usually wins only if total deductions cross about Rs 3.5-4 lakh.

Miss the deadline and Section 234F charges Rs 5,000 (Rs 1,000 if income is below Rs 5 lakh).

Belated or revised returns are allowed until 31 December 2026, but with penalty and lost benefits.

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