Who can use ITR-1 for AY 2026-27
- Resident individual other than not ordinarily resident.
- Total income up to Rs. 50 lakh.
- Salary/pension, up to two house properties, other sources, agricultural income up to Rs. 5,000.
- Long-term capital gains under section 112A up to Rs. 1.25 lakh, subject to no disqualifying losses or exclusions.
When ITR-1 is not enough
- Short-term capital gains or section 112A LTCG exceeding Rs. 1.25 lakh.
- Foreign assets, foreign income or signing authority outside India.
- Directorship, unlisted equity shares or ESOP tax deferral.
- Brought-forward or carry-forward loss under any head.
Before accepting pre-filled data
- Match Form 16 with salary prefill.
- Check AIS/TIS and Form 26AS for bank interest, dividends and TDS.
- Check standard deduction before applying new-regime slab and 87A rebate.
- Use the current AY 2026-27 ITR utility and validation rules.
Applicable year and source discipline
Last fact-checked: 25 May 2026.
AY 2026-27 means FY 2025-26 income and is still filed under the Income-tax Act, 1961 using forms/instructions for that assessment year. Tax Year 2026-27 means FY 2026-27 income under the Income Tax Act, 2025. The two should not be mixed.
Where this page discusses a new form, rate, portal label or transition item, treat it as usable only when supported by the live e-filing portal, a CBDT notification, the Income Tax Department guidance page, the supplied Act PDF, or ICAI material.
What a serious tax expert should verify
- Financial year, assessment year or tax year being handled.
- Residential status, age category, taxpayer type and whether business/professional income exists.
- Correct ITR form, utility validation rules and schedule requirements.
- AIS, TIS, Form 26AS, Form 16/Form 16A, TDS/TCS credits and advance-tax challans.
- Special-rate income such as section 111A, 112, 112A or VDA before applying section 87A rebate.
- Whether a claim is notified law, portal functionality, a draft/proposal, or a competitor summary.
FAQs
Which year should I use for ITR-1 Filing Guide - AY 2026-27?
Use AY 2026-27 for FY 2025-26 income under the Income-tax Act, 1961. Use Tax Year 2026-27 for FY 2026-27 income under the Income Tax Act, 2025.
What documents should I share with a tax expert?
Share the portal screenshot, exact year, income breakup, certificates, AIS/Form 26AS, notices, challans and any computation already prepared.
Can WorkIndex help me find a specialist?
Yes. Post a requirement with the legal year, records and deadline so experts can quote on the real issue instead of a generic page title.