Returns Applicable
ITR-1, ITR-2, ITR-3 and ITR-4 applicability for salaried individuals and related cases.
Salaried Individuals for AY 2026-27
Returns, forms, tax slabs and deduction guide for salaried taxpayers.
A practical, structured website built from the provided Income Tax guidance for selecting ITR forms, reviewing applicable forms, comparing old and new tax regimes, and checking common deductions.
₹50L
ITR-1 / ITR-4 total income threshold
₹12L
New regime rebate income condition
4%
Health and education cess
Disclaimer
The content on this page gives an overview and general guidance only and is not exhaustive. For complete details and guidelines, refer to the Income Tax Act, Rules, Notifications, and official e-Filing resources.
Quick Map
What this website covers
Forms Applicable
Employer, employee, deductor and taxpayer forms commonly needed during return preparation.
Tax Slabs
Old versus new tax regime slabs for non-senior, senior and super senior individuals.
Tax Benefits
Deductions and benefits available under new and old tax regimes, including Chapter VIA sections.
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Returns Applicable
ITR forms for salaried individuals for AY 2026-27
ITR-1
SAHAJ - Applicable only for Individual
Applicable for a Resident Individual, other than Not Ordinarily Resident, having total income up to ₹50 lakh from salary / pension, one house property, other sources, agricultural income up to ₹5,000, and capital gain income u/s 112A up to ₹1,25,000.
When ITR-1 cannot be used
- Director in a company.
- Short-term capital gain.
- Long-term capital gain u/s 112A exceeding ₹1,25,000.
- Held any unlisted equity shares at any time during the previous year.
- Asset or financial interest located outside India.
- Signing authority in any account located outside India.
- Income from any source outside India.
- Tax deducted u/s 194N.
- Payment or deduction of tax deferred on ESOP.
- Brought forward loss or loss to be carried forward.
- Total income exceeds ₹50 lakh, excluding permitted LTCG u/s 112A up to ₹1,25,000.
ITR-2
Applicable for Individual and HUF
Applicable for an Individual or Hindu Undivided Family (HUF) having income under any head other than Profits and Gains of Business or Profession, and who is not eligible to file ITR-1.
ITR-3
Applicable for Individual and HUF
Applicable for an Individual or HUF having income under salary / pension, house property, profits or gains of business or profession, capital gains, or income from other sources, and who is not eligible for ITR-1, ITR-2 or ITR-4.
ITR-4
SUGAM - Individual, HUF and Firm other than LLP
Applicable for a Resident Individual or HUF, other than Not Ordinarily Resident, or a resident Firm other than LLP, having total income under business or profession computed on a presumptive basis u/s 44AD, 44ADA or 44AE, along with permitted salary, one house property, other sources, agricultural income up to ₹5,000 and capital gain income u/s 112A up to ₹1,25,000.
Important notes for ITR-4
- Cannot be used by a director in a company.
- Cannot be used where there are short-term capital gains.
- Cannot be used when LTCG u/s 112A exceeds ₹1,25,000.
- Cannot be used where unlisted equity shares, foreign assets, foreign signing authority or foreign income apply.
- Cannot be used where deferred ESOP tax or brought forward / carry forward losses apply.
- Cannot be used when total income exceeds ₹50 lakh, excluding permitted LTCG u/s 112A up to ₹1,25,000.
- ITR-4 is optional. It is a simplified return where presumptive taxation is eligible.
Forms Applicable
Forms commonly relevant under the Income Tax Act, 1961
| Form | Provided / Submitted by | Details provided |
|---|---|---|
| Form 12BB | Employee to employer(s) | Evidence or particulars of HRA, LTC, home loan interest and tax-saving claims for TDS calculation u/s 192. |
| Form 16 | Employer(s) to employee | Salary income, deductions / exemptions and TDS for computing tax payable or refundable u/s 203. |
| Form 16A | Deductor to deductee | Quarterly TDS certificate for income other than salary, nature of payments and tax deposited. |
| Form 67 | Taxpayer before due date u/s 139(1) | Income from outside India and Foreign Tax Credit claimed. |
| Form 26AS | Income Tax Department | Tax deducted / collected at source; available on e-Filing portal under View Form 26AS. |
| AIS | Income Tax Department | TDS / TCS, SFT information, tax payments, demand / refund and other information. |
| Form 15G | Resident individual below 60, HUF or eligible person to bank | Declaration for no TDS on interest income when income is below the basic exemption limit. |
| Form 15H | Resident individual aged 60 or more to bank | Declaration for no TDS on interest income; includes estimated income for the financial year. |
| Form 10E | Individual claiming relief u/s 89(1) | Particulars for arrears / advance salary, gratuity, compensation on termination and commutation of pension. |
Tax Slabs
New tax regime vs old tax regime for AY 2026-27
New tax regime u/s 115BAC is the default regime. Eligible taxpayers can opt out and choose the old regime, subject to applicable rules and due dates.
Regime selection rules
In non-business cases, option to change from the default tax regime can be exercised every year directly in the ITR filed on or before the due date u/s 139(1). In business or profession cases, opting out of or re-entering the new regime is done through Form 10-IEA within the prescribed due date, and re-entry after opting out is available only once in lifetime for eligible business taxpayers.
Individual below 60 years of age
Old Tax Regime
| Income slab | Tax rate |
|---|---|
| Up to ₹2,50,000 | Nil |
| ₹2,50,001 to ₹5,00,000 | 5% above ₹2,50,000 |
| ₹5,00,001 to ₹10,00,000 | ₹12,500 + 20% above ₹5,00,000 |
| Above ₹10,00,000 | ₹1,12,500 + 30% above ₹10,00,000 |
New Tax Regime u/s 115BAC
| Income slab | Tax rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 to ₹8,00,000 | 5% above ₹4,00,000 |
| ₹8,00,001 to ₹12,00,000 | ₹20,000 + 10% above ₹8,00,000 |
| ₹12,00,001 to ₹16,00,000 | ₹60,000 + 15% above ₹12,00,000 |
| ₹16,00,001 to ₹20,00,000 | ₹1,20,000 + 20% above ₹16,00,000 |
| ₹20,00,001 to ₹24,00,000 | ₹2,00,000 + 25% above ₹20,00,000 |
| Above ₹24,00,000 | ₹3,00,000 + 30% above ₹24,00,000 |
Individual aged 60 years or more but below 80 years
Old Tax Regime
| Income slab | Tax rate |
|---|---|
| Up to ₹3,00,000 | Nil |
| ₹3,00,001 to ₹5,00,000 | 5% above ₹3,00,000 |
| ₹5,00,001 to ₹10,00,000 | ₹10,000 + 20% above ₹5,00,000 |
| Above ₹10,00,000 | ₹1,10,000 + 30% above ₹10,00,000 |
New Tax Regime u/s 115BAC
| Income slab | Tax rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 to ₹8,00,000 | 5% above ₹4,00,000 |
| ₹8,00,001 to ₹12,00,000 | ₹20,000 + 10% above ₹8,00,000 |
| ₹12,00,001 to ₹16,00,000 | ₹60,000 + 15% above ₹12,00,000 |
| ₹16,00,001 to ₹20,00,000 | ₹1,20,000 + 20% above ₹16,00,000 |
| ₹20,00,001 to ₹24,00,000 | ₹2,00,000 + 25% above ₹20,00,000 |
| Above ₹24,00,000 | ₹3,00,000 + 30% above ₹24,00,000 |
Individual aged 80 years or more
Old Tax Regime
| Income slab | Tax rate |
|---|---|
| Up to ₹5,00,000 | Nil |
| ₹5,00,001 to ₹10,00,000 | 20% above ₹5,00,000 |
| Above ₹10,00,000 | ₹1,00,000 + 30% above ₹10,00,000 |
New Tax Regime u/s 115BAC
| Income slab | Tax rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 to ₹8,00,000 | 5% above ₹4,00,000 |
| ₹8,00,001 to ₹12,00,000 | ₹20,000 + 10% above ₹8,00,000 |
| ₹12,00,001 to ₹16,00,000 | ₹60,000 + 15% above ₹12,00,000 |
| ₹16,00,001 to ₹20,00,000 | ₹1,20,000 + 20% above ₹16,00,000 |
| ₹20,00,001 to ₹24,00,000 | ₹2,00,000 + 25% above ₹20,00,000 |
| Above ₹24,00,000 | ₹3,00,000 + 30% above ₹24,00,000 |
Applicable surcharge rates
| Income limit | New regime | Old regime |
|---|---|---|
| Up to ₹50 lakh | Nil | Nil |
| ₹50 lakh to ₹1 crore | 10% | 10% |
| ₹1 crore to ₹2 crore | 15% | 15% |
| ₹2 crore to ₹5 crore | 25% | 25% |
| Above ₹5 crore | 25% | 37% |
Rebate and cess
| Tax regime | Rebate limit | Condition |
|---|---|---|
| New tax regime | ₹60,000 | Taxable income shall not exceed ₹12,00,000 |
| Old tax regime | ₹12,500 | Taxable income shall not exceed ₹5,00,000 |
Health and education cess @ 4% applies on income tax plus surcharge, if any.
Marginal relief from surcharge
Marginal relief can be claimed where income exceeds ₹50 lakh, ₹1 crore, ₹2 crore or ₹5 crore, so tax and surcharge do not exceed the tax payable at the threshold by more than the income exceeding that threshold.
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Detailed tax estimator with old-regime deduction options
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The detailed result will show old-regime taxable income, new-regime taxable income, final tax under both regimes, deductions allowed, and a suggested regime.
Tax Benefits
Investments, payments and incomes eligible for tax benefit
A. Deductions available under the new tax regime u/s 115BAC
Section 24(b) - Let-out house property interest
For let-out property, interest on loan for construction or purchase is allowed at actual value without limit. However, house property loss cannot be set off against other heads in Schedule CYLA and cannot be carried forward under the provided new-regime guidance.
Details required include lender, account number, sanction date, loan amount, outstanding amount and interest.
Section 80CCD(2)
Deduction for employer contribution to Central Government Pension Scheme. Deduction limit: 14% of salary for all categories of employers.
Section 80CCH
Deduction for individual contribution to Agniveer Corpus Fund and Central Government contribution under the Agnipath Scheme.
B. Deductions available under the old tax regime
Section 24(b) - House property interest
| Nature of property | Loan timing / purpose | Maximum allowable |
|---|---|---|
| Self-occupied | On or after 01/04/1999 for construction or purchase | ₹2,00,000 |
| Self-occupied | On or after 01/04/1999 for repairs | ₹30,000 |
| Self-occupied | Before 01/04/1999 for construction, purchase or repairs | ₹30,000 |
| Let-out | Any time for construction or purchase | Actual value without limit; set-off capped at ₹2,00,000, balance carry-forward up to 8 AYs. |
Section 80C, 80CCC, 80CCD(1)
Combined deduction limit of ₹1,50,000 for eligible payments including life insurance premium, provident fund, equity shares, tuition fees, National Savings Certificate, housing loan principal and pension schemes.
ITR details may include eligible amount, policy number or document identification number, contribution amount and PRAN where applicable.
Section 80CCD(1B)
Deduction up to ₹50,000 towards payments to Central Government Pension Scheme, excluding deduction claimed under 80CCD(1).
Section 80CCD(2)
Employer contribution to Central Government Pension Scheme. Limit is 10% of salary for PSU / others and 14% of salary for Central or State Government employers.
Section 80CCH
Deduction for contribution to Agniveer Corpus Fund by the assessee and contribution by Central Government under the Agnipath Scheme.
Section 80D
Health insurance premium and preventive health check-up deductions: ₹25,000 for self / spouse / dependent children or ₹50,000 if senior citizen; same limits for parents. Preventive check-up up to ₹5,000 is included within the limit.
Medical expenditure for senior citizen without insurance coverage: deduction limit of ₹50,000.
ITR details may include insurer name, policy number and health insurance amount.
Section 80DD
Flat deduction of ₹75,000 for a dependent with disability, or ₹1,25,000 for severe disability of 80% or more, irrespective of expense incurred.
Details include nature and type of disability, dependent type, PAN, Aadhaar, Form 10IA acknowledgement and UDID if available.
Section 80DDB
Deduction for medical treatment of self or dependent for specified diseases: ₹40,000, or ₹1,00,000 if senior citizen.
Section 80E
Deduction for total interest paid on loan for higher education of self or relative.
Details include lender, institution, loan account, sanction date, loan amount, outstanding amount and interest u/s 80E.
Section 80EE
Deduction up to ₹50,000 for interest paid on loan for acquisition of residential house property where loan was sanctioned between 1 April 2016 and 31 March 2017.
Section 80EEA
Deduction up to ₹1,50,000 for interest on loan for first-time residential house property where loan was sanctioned between 1 April 2019 and 31 March 2022, and deduction was not claimed u/s 80EE.
Deduction can be claimed only if section 24(b) limit is exhausted. Either 80EE or 80EEA may apply based on conditions.
Section 80EEB
Deduction up to ₹1,50,000 on interest paid on loan for purchase of electric vehicle where loan was sanctioned between 1 April 2019 and 31 March 2023.
Section 80G
Deduction for donations to prescribed funds and charitable institutions. Donations can be eligible at 100% or 50%, with or without qualifying limit. No deduction for cash donations exceeding ₹2,000.
Section 80GG
Deduction for rent paid where HRA is not part of salary or for self-employed taxpayers. Least of rent paid minus 10% of total income, ₹5,000 per month, or 25% of adjusted total income is allowed.
Form 10BA is mandatory and acknowledgement number must be entered in Schedule 80GG.
Section 80GGA
Deduction for donations for scientific research or rural development, subject to conditions. No deduction for cash donation exceeding ₹2,000 or if gross total income includes business / profession income.
Section 80GGC
Deduction for contribution to political party or electoral trust. Cash contributions are not eligible.
Section 80TTA
Deduction up to ₹10,000 on interest received on savings bank accounts by non-senior citizens.
Section 80TTB
Deduction up to ₹50,000 on interest received on deposits by resident senior citizens.
Section 80U
Deduction for resident individual taxpayer with disability: ₹75,000 for disability and ₹1,25,000 for severe disability of 80% or more, irrespective of expense incurred.
Details include nature and type of disability, deduction amount, Form 10IA acknowledgement and UDID if available.
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