Income Tax Filing Deadline Approaches: Old vs New Regime

The income tax department has made it easier to file your taxes by providing excel utilities for various ITR forms.

You can file your returns online by the deadline of 31 July 2026.

There are two tax regimes to choose from: the old regime, which offers more deductions but higher tax rates, and the new regime, which has lower tax rates but fewer deductions.

You need to decide which regime suits you better based on your income and deductions.

After filing, you must e-verify your return within 30 days to avoid delays in refunds.

Filing late can result in fees and penalties, so it's best to file on time.