A clear, step-by-step guide to understanding ITR filing, deductions, and choosing the right tax regime — built for every taxpayer in India.
ITR-1 to ITR-4 decoded — find the right form for your income type in seconds.
Use our interactive calculator to instantly compare your tax under both regimes.
Never miss a due date — all critical ITR deadlines for FY 2025–26 in one place.
Follow these steps whether you're a salaried individual, a freelancer, or a business owner — tailored guidance for each taxpayer type.
Your employer issues Form 16 by June 15. It contains TDS details, salary breakup, and allowances — the foundation of your return.
Download your Annual Information Statement from the Income Tax portal. Verify all income entries and tax credits match your own records.
Compare your total deductions (80C, HRA, NPS, 80D) against the new regime's lower slabs. Use our calculator below to make an informed choice.
Salaried individuals with income up to ₹50 lakh use ITR-1 (Sahaj). Pre-filled data is available on the portal — review carefully before submitting.
e-Verify using Aadhaar OTP, net banking, or a Digital Signature Certificate within 30 days of filing. Unverified returns are treated as not filed.
Close your P&L and Balance Sheet for the financial year. Ensure GST reconciliation (GSTR-1 vs GSTR-3B) is fully complete before proceeding.
Turnover above ₹1 crore (or ₹10 crore if 95%+ transactions are digital) mandates a tax audit report (Form 3CA/3CB) by a qualified auditor before filing.
Freelancers and small businesses can opt for Section 44ADA (professionals) or 44AD (business) for a simplified, books-free computation.
ITR-4 covers presumptive income; ITR-3 is for those with business income under regular method, capital losses, or complex income structures.
e-Verify within 30 days of filing. Maintain books and supporting documents for at least 6 years from the end of the relevant assessment year.
Senior citizens (60–80 yrs) with income only from pension and FD interest can use the simplified ITR-1. Very senior citizens (80+) may not need to file if the bank deducts TDS.
Senior citizens can claim up to ₹50,000 for health insurance premiums (80D) and ₹50,000 for FD/savings interest income (80TTB) — significant savings that are easy to miss.
If capital gains are present (e.g. mutual fund redemptions), ITR-2 is required. File by the due date to avoid interest under Section 234A on any unpaid tax.
Tick off each document as you collect it — know exactly how ready you are before filing.
Enter your income and deductions to instantly see which regime saves you more tax. (FY 2025–26)
* Indicative estimate only. 4% health & education cess applied. Surcharge not factored in. Seek expert advice for precise computation.
Late filing attracts a penalty of ₹5,000 (₹1,000 if income ≤ ₹5 lakh). Mark your calendar and stay ahead.
Quick, reliable answers to questions we hear most often at Esyton Insights.
ITR-1 (Sahaj) is for salaried individuals with income up to ₹50 lakh from salary, one house property, and other sources. ITR-2 covers capital gains or multiple house properties. ITR-3 is for business or professional income under the regular method, and ITR-4 (Sugam) applies to presumptive income under Sections 44AD, 44ADA, or 44AE.
Not for everyone. The new regime offers lower slab rates but eliminates most deductions. If your combined deductions (80C, HRA, NPS, home loan interest, 80D) exceed roughly ₹3.75 lakh, the old regime often results in lower tax. Use our calculator above for a quick, personalised comparison.
A belated return can be filed by December 31, 2026, with a late fee of ₹5,000 (₹1,000 if total income ≤ ₹5 lakh). Interest under Section 234A accrues at 1% per month on unpaid tax. You also lose the ability to carry forward losses such as capital losses, making timely filing important.
If your total income is below ₹2.5 lakh (or ₹3 lakh for senior citizens), filing is generally not mandatory. However, you should still file if TDS has been deducted and you want a refund, if you have foreign assets, or if you receive income from abroad. Filing also builds a strong tax record.
Form 26AS is a consolidated tax statement linked to your PAN. It shows all TDS deducted by employers, banks, and other deductors, advance tax paid, and refunds received. Matching your Form 16 and bank statements with Form 26AS before filing helps avoid mismatches and notices from the department.
Yes. Our team of financial and tax professionals manages the complete process — from reviewing your income sources and computing the right deductions to filing the return and tracking refunds. Whether you're a salaried professional, NRI, freelancer, or business owner, we tailor our service to your situation. Drop a query and we'll connect with you within 24 hours.
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