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Income Tax for Salaried

Salary ITR — compliant, accurate, refund-smart

We reconcile Form 16, AIS/26AS, salary break-ups & investments; pick the right regime; compute tax with deductions; and file on time with audit-proof workpapers.

Regimes Due Dates Checklist FAQ
Law-aligned Quick e-file CA-reviewed
FORM 16 TAX E-VERIFY
Overview

Income tax filing for salaried individuals

Choose the right regime (new u/s 115BAC(1A) or old), reconcile Form 16 with AIS/26AS, claim eligible deductions, and e-verify timely.

Form 16 + AIS/26AS

Match TDS, salary components and other incomes before filing.

Regime Selection

Compare old vs new based on deductions, HRA/LTA and investments.

Compliant Closure

E-filing + e-verification + workpapers for future reference.

Why file

Advantages of filing on time

Savings today, documentation for tomorrow.

Faster Refunds

Early e-verification speeds refund issue and interest credit where due.

Financial Proof

ITR acknowledged is widely accepted by banks/PGs for credit/KYC.

Loss Carry-forward

Timely filing preserves carry-forward of specified losses.

Risks

Disadvantages of not filing / filing late

Avoid avoidable costs and restrictions.

Late Fee & Interest

Late fee may apply and interest can accrue on unpaid tax.

Loss of Benefits

Carry-forward of certain losses may be disallowed when filed late.

Refund Delays

Delayed filing typically pushes refund timelines and may restrict options.

Compare

Old vs New Regime — AY 2025-26 (Default: New u/s 115BAC(1A))

Standard deduction of â‚ą50,000 is available in both regimes from AY 2024-25.

Aspect New Regime (115BAC(1A)) Old Regime
Basic slab idea Lower rates, limited exemptions/deductions; default selection. Higher rates but many exemptions/deductions (HRA/LTA/80C etc.)
Std. deduction â‚ą50,000 (AY 2025-26). â‚ą50,000.
87A rebate (resident) Rebate available up to specified income threshold. Lower threshold; compare before choosing.
Common deductions Std. deduction; employer NPS u/s 80CCD(2) etc. (many popular ones not allowed). 80C/80D/80G, HRA u/s 10(13A), LTA, housing loan interest (self-occupied limits), etc.
Best for Low deductions/HRA users; simple structure Those with substantial HRA/80C/80D/HL interest etc.
Heads-up for next year

Recent Budget announcements indicate more relief in the new regime from the next assessment year. We’ll apply the updated slabs/rebate when applicable.

Due dates

Important timelines — AY 2025-26

For most salaried (non-audit) taxpayers, the original ITR due date was extended. Belated/revised returns are generally allowed up to 31 Dec 2025.

Event When Notes Flag
Original ITR due date (non-audit) Extended in AY 2025-26 Pay self-assessment tax timely to reduce interest. Deadline
Belated Return u/s 139(4) Up to 31 Dec 2025 Late fee may apply. Last window
Revised Return u/s 139(5) Up to 31 Dec 2025 / before assessment Fix mistakes in original/belated return. Fix
Documents

Checklist for salaried filing

Keep clear scans and ensure consistency across proofs.

Salary & TDS
  • Form 16 (Part A: TDS summary; Part B: salary breakup & deductions)
  • AIS & 26AS for interest/dividends, TDS/TCS match
  • Payslips, bonus/variable statements, perquisite reports
Deductions (old regime)
  • 80C investments (EPF/PPF/ELSS/Principal), 80CCD(1B) NPS (â‚ą50k extra), 80D mediclaim
  • HRA (rent receipts, landlord PAN if required), LTA proofs (as per policy)
  • Home-loan interest & possession certificates (as applicable)
HRA/LTA (old only) Employer NPS u/s 80CCD(2) Std. deduction (both regimes)

We’ll advise what to claim under the chosen regime and what to skip.

Process

How we file your ITR (salaried)

Indicative flow—adjusted to your facts and deadlines.

1) Intake & Reconciliation

Collect Form 16/AIS/26AS; map incomes & TDS.

2) Regime Decision

Side-by-side tax compare; pick old/new per savings.

3) Computation

Apply deductions/exemptions correctly; interest if any.

4) E-Filing & E-Verification

OTP/Bank/DSC; track acknowledgement & refund.

5) Workpapers

Saved computation, schedules & proof index for records.

6) Post-filing Help

Notices/revisions, advance tax planning, HRA/NPS optimisation.

Rates

Quick cues on rates & rebates — AY 2025-26

New regime slabs apply by default; old regime optional. Use our compare tool to see which is lighter for you.

New regime (default)
  • Standard deduction â‚ą50,000 available
  • Resident rebate available up to specified threshold
Heads-up for next year
  • Budget proposals point to wider relief in the new regime from the next AY
Salary

Salary components & typical tax treatment

Understand what is taxable, exempt, or deductible—so you don’t leave money on the table.

HRA

Exemption based on rent, salary %, and metro/non-metro status (old regime). Maintain rent receipts and landlord details.

LTA

Eligible for specified travel within India as per employer policy; keep tickets/invoices; blocks typically over 4 years (per rules).

Perquisites

Company car, ESOP, accommodation, meal cards—taxable perquisite valuation rules; reported in Form 16.

House Property & HRA interplay

If you pay rent in one city (claim HRA) and have a home loan elsewhere, interest deduction rules and HRA exemption can both apply in the old regime subject to conditions. Keep possession certificates and interest certificates ready.

Multiple Jobs

Switched jobs? Avoid double TDS or underpayment

Tell your new employer about earlier income/TDS to align monthly tax, or let us reconcile at filing.

Practical steps
  • Collect Form 16 from each employer
  • Reconcile PAN-wise TDS in 26AS/AIS
  • Compute relief u/s 89 if arrears paid (file Form 10E)
Common pitfalls
  • Claiming 80C twice across employers
  • Missing perquisite valuation in final computation
  • Ignoring earlier month HRA/LTA proofs
Other Income

Disclose interest/dividends, capital gains & foreign details

Salaried returns often miss these—leading to notices. We surface them from AIS and broker statements.

Savings/FD Interest

Report and claim 80TTA/80TTB (as eligible). Match AIS entries and TDS, if any.

Capital Gains

Equity/MFs/property—apply correct holding period & rate; adjust STT and indexation as applicable.

Foreign Assets

Report foreign bank/ESOPs/RSUs in the schedule; consider DTAA and tax credits for foreign tax paid.

Advance Tax

Advance tax & interest guardrails

If other income is material (rent, capital gains, interest), consider advance tax to avoid interest.

Estimate early
  • Use quarterly instalments to spread out payments
  • Factor sale dates for capital gains-triggered instalments
  • Consider TDS credits timing from AIS/26AS
Missed it?
  • Self-assessment tax before filing reduces carrying interest
  • Keep challan copies (CIN) with computation
Post-filing

143(1) intimation, refunds & rectification

We track the CPC intimation, compare with your computation, and take action if there’s a mismatch.

Intimation 143(1)

Automated adjustments; verify arithmetical and TDS credits; download order & JSON.

Rectification

If credits missed or sections misapplied, we file rectification with evidence.

Refund Tracking

Update bank validation, ECS details; respond if refund failed due to bank/KYC.

Planner

Mid-year tax planner — keep your TDS smooth

Share this with HR/payroll so monthly TDS stays accurate.

Item When to do Evidence Flag
Declare Investments Apr–Jun Provisional 80C/80D plans, NPS HR
HRA/Landlord PAN Quarterly Rent receipts, agreement HRA
Capital Gains Estimate Before 15 Sep/Dec/Mar Broker statement Adv. Tax
Errors

Common mistakes & quick fixes

A few careful checks avoid most notices.

Skipping AIS Items

Small interest/dividends missed → add under “Other sources”.

Regime Mismatch

Employer used one, ITR used another → ensure final match in return.

Wrong Bank for Refund

Validate bank in e-filing portal before ITR submission.

FAQ

Common salaried questions

Friendly answers, regulation-aware.

Part A shows your TDS summary & employer details (TRACES-generated). Part B shows your salary breakup, exemptions & deductions used. Cross-check both with AIS/26AS.

Yes. You may revise up to 31 Dec 2025 (or before assessment) for AY 2025-26. Ensure you e-verify the revised ITR.

File a belated return by 31 Dec 2025; late fee may apply and some losses can’t be carried forward. Interest may apply on unpaid tax.

Yes, â‚ą50,000 for AY 2025-26 in both regimes. (Budget proposals indicate higher relief from AY 2026-27 for salaried.)
Get a Call Back

Tell us about your salary ITR

Share employer count, HRA/LTA, any capital gains/other income, and preferred regime.

We respect your privacy and will contact you only for this request.