ITR Filing 2026: Till now more than 1.7 crore people have filed ITR, if the deadline of July 31 is missed, a fine of ₹ 5000 will be imposed.

By Samira Vishwas On Jul 12, 2026

If you are also a taxpayer and have not yet filed your income tax return, then this news is an important reminder for you. The pace of ITR filing for assessment year 2026-27 (income for financial year 2025-26) has increased very fast. According to the latest data of Income Tax Department, till now More than 1.7 crore taxpayers Have successfully filed your return. The speed can be gauged from the fact that on Friday alone, a record number of more than 10 lakh people filed ITR.

The Income Tax Department has appealed to people on social media platform X (Twitter) to file their returns as soon as possible to avoid last-minute technical difficulties and heavy traffic.

Last date is 31st July 2026 (ITR Deadline)

For earnings during the financial year 2025-26 (FY 2025-26) ITR-1 (Sahaj) and ITR-2 forms last date of filing 31 July 2026 It has been determined. This deadline is for all those individual taxpayers whose accounts are not required to be audited.

Understand which form is right for you: ITR-1 or ITR-2?

Who is ITR-1 (Sahaj) form for?

This form is for most of the taxpayers in the country. You can choose ITR-1 when:

your total annual earnings up to ₹50 lakh yes.
your main source of income Salary (Salaried Employee) Or pension.
your income only a house property Coming from.
Your total agricultural income annually up to ₹5,000 Be limited.

Who is ITR-2 form for?

This form is for individual taxpayers and Hindu Undivided Families (HUF) who:

Do not earn from any type of business or profession.
Those who cannot be saved from selling shares, mutual funds or property. Capital Gain It may have happened.
Those whose income is more than ₹ 50 lakh or who own more than one house.

You will have to suffer these 4 big losses if you miss the deadline of 31st July

If you miss filing your return by July 31, 2026, you will have to face huge financial penalties under the Income Tax Act:

Late fee up to ₹5,000: of income tax law Section 234F Under this, if you file belated return (Belated ITR) after the deadline, you will have to pay a late fee of ₹ 5,000. However, it is a matter of relief that if your total annual income is only up to ₹ 5 lakh, then this late fee will be limited to a maximum of ₹ 1,000.
Additional interest of 1% on tax: If you have any tax liability, then Section 234A for every month or part of the month after the date fixed under interest at the rate of 1% Will be recovered.
Huge delay in income tax refund: If you have excess tax deducted (TDS) and you are waiting for a refund, late filing of ITR will stop the processing. This means that there may be a delay of months in getting your refund.
Opportunity to carry forward losses ends: The biggest disadvantage of filing returns late is that you lose the legal right to carry forward any business loss or capital loss (such as loss in shares) incurred in the current financial year from the profits of the following years.