Income Tax Form 2025-26 | PDF and Auto Excel File
Whether you’re a first-time filer or a seasoned taxpayer, navigating the shifting landscape of Indian taxes can feel like a daunting task. For Financial Year (FY) 2025-26 (which corresponds to Assessment Year 2026-27), the government has introduced significant changes aimed at simplifying the process and providing more relief to the middle class.
This post breaks down everything you need to know about the new tax slabs, the right forms to use, and the key deadlines to watch.
1. The Big Shift: New vs. Old Tax Regime
The most important decision you’ll make this year is choosing between the New Tax Regime and the Old Tax Regime. As of 2025, the New Tax Regime is the default option. If you wish to use the Old Regime to claim deductions like HRA or 80C, you must actively opt for it.
New Tax Regime Slabs (FY 2025-26)
 |
| Income Tax Form 2025-26 |
The New Regime has been revamped with wider slabs and a higher standard deduction:
- Up to ₹4,00,000 - Nil
- ₹4,00,001 – ₹8,00,000 - 5%
- ₹8,00,001 – ₹12,00,000 - 10%
- ₹12,00,001 – ₹16,00,000 - 15%
- ₹16,00,001 – ₹20,00,000 - 20%
- ₹20,00,001 – ₹24,00,000 - 25%
- Above ₹24,00,000 - 30%
➡️ Pro-Tip: Under the New Regime, if your taxable income is up to ₹12,00,000, you receive a full tax rebate under Section 87A, effectively making your tax liability zero. For salaried individuals, including the ₹75,000 standard deduction, you can earn up to ₹12.75 lakh without paying a rupee in tax.
નમસ્કાર મિત્રો, શું તમે પણ એવા લોકોમાંથી છો જે દર વર્ષે ઇન્કમ ટેક્સ ભરતી વખતે ગણતરીથી પરેશાન થઈ જાય છે? તો તમારા માટે સારા સમાચાર છે! ભારત સરકારે વર્ષ 2025માં એક ઐતિહાસિક પગલું ભર્યું છે અને એક નવો આવકવેરા બિલ (New IT Bill) રજૂ કર્યો છે. આ બિલ દેશના કરોડો કરદાતાઓ માટે મોટી રાહત લઈને આવ્યું છે, ખાસ કરીને મધ્યમ વર્ગ માટે. ચાલો જાણીએ આ નવા કાયદાની મુખ્ય વાતો શું છે.
ચાલુ નાણાકીય વર્ષ 2025/26 માં વાર્ષિક આવક 12,75,000 કે તેથી વધુ થશે તો જ ટેક્સ આવશે.
2. Which ITR Form Should You Use?
Choosing the correct form is crucial to avoid a "defective return" notice. Here is the quick guide for the 2025-26 cycle:
ITR-1 (Sahaj): For resident individuals with a total income up to ₹50 lakh, earning from salary, one house property, and other sources (like interest).
ITR-2: For individuals and HUFs who do not have income from business or profession but have capital gains or more than one house property.
ITR-3: For individuals and HUFs having income from a proprietary business or profession.
ITR-4 (Sugam): For individuals, HUFs, and firms (other than LLP) having total income up to ₹50 lakh and opting for the presumptive taxation scheme.
3. Key Changes in the Income Tax Act, 2025
The year 2025 marks a landmark shift with the introduction of the Income Tax Act, 2025, which replaces much of the archaic 1961 Act.
Simplified Language: The Act has been rewritten in "plain English" to make it more accessible.
Tax Year: The term "Assessment Year" is being phased out in favor of "Tax Year" to reduce confusion.
Digital First: Enhanced integration with the Annual Information Statement (AIS) means most of your data (interest, dividends, stock sales) will be pre-filled in your forms.
4. Important Dates to Remember
Mark these dates in your calendar to avoid penalties:
➡️ April 1, 2025: Start of the Financial Year 2025-26.
➡️ June 15, 2025: First installment of Advance Tax for FY 2025-26.
➡️ July 31, 2026: Original deadline for filing ITR for individuals (non-audit cases) for the income earned in FY 2025-26.
(Note: For the current filing cycle of income earned in 2024-25, the deadline was extended to mid-September 2025).
Summary: Old vs. New?
Choose the New Regime if: You want lower tax rates and don't want the hassle of tracking investment proofs (LIC, PPF, Mediclaim).
Choose the Old Regime if: You have high rent (HRA), a home loan, and maximize your ₹1.5 lakh deduction under Section 80C.
Would you like me to help you calculate which regime would save you more money based on your specific salary and investments?
