1 day ago

India’s ITR Filings Reach Record 7.8 Crore for AY27

ITR filings cross 78 million for AY27, setting new record · livemint.com

India’s tax department said people and organizations filed more than 7.8 crore tax returns for AY 2026-27.

This was a new record for the department.

More than 5.9 crore simpler returns were filed by July 31.

August 31 was the deadline for people with certain business or professional income.

People who missed the deadline can still file a late return by December 31, 2026, or earlier if their assessment is completed.

They may have to pay a late fee.

Different forms are used by individuals, businesses, companies, trusts and other organizations.

The department said the rise in filings reflected stronger compliance and outreach.

Key facts

AY27 filings: More than 7.8 crore returns by August 31, 2026
Previous comparison: More than 7.3 crore returns were filed by September 16, 2025, for AY 2025-26
July 31 filings: Over 5.9 crore ITR-1 and ITR-2 forms were filed by the initial deadline
AY27 deadline: August 31, 2026, for non-audit taxpayers with business or professional income
Belated-return deadline: December 31, 2026, or before completion of assessment, whichever is earlier
Late-filing fee: ₹1,000 when total income does not exceed ₹5 lakh and ₹5,000 in other cases
AY25 tax-regime split: Of 7.28 crore AY25 returns, 5.27 crore were under the new regime and 2.01 crore under the old regime

livemint.com · 22 hrs ago

theprint.in · 1 day ago

rediff.com · 1 day ago