INCOME TAX8 Sept 2026
Next ITR filing in July 2027: Here's the month-wise checklist salaried taxpayers should follow starting today | Mint
Salaried taxpayers should start preparing now for Tax Year 2026-27 returns, due in July 2027. The new Income Tax Act 2025 renames the period a single "Tax Year" and changes section numbers, but most familiar rules stay. Keep one digital folder for tax documents, check AIS and Form 26AS quarterly, and decide which tax regime you will use. Act now to avoid mistakes later.
Key Statutory Highlights
- Salaried taxpayers must file their Tax Year 2026-27 return by 31 July 2027.
- From Tax Year 2026-27, the Income Tax Act, 2025 replaces old 'assessment year' and 'previous year' terms with a single 'Tax Year'.
- Employers will issue Form 16, now called Form 130, in May or June 2027.
Actionable Advice for Taxpayers / Founders:Quarterly, log in to the income-tax portal to review AIS and Form 26AS and correct any mismatches, and keep investment proofs in one folder.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
Share: