New Delhi, May 29 -- The income tax filing (ITR) season is now underway, with the Income Tax Department enabling online filing and releasing Excel utilities for ITR-1 (Sahaj), ITR-2 and ITR-4 (Sugam). This allows many taxpayers to start filing their returns, though taxpayers are advised to wait until mid-June as Form 16 from employers usually arrives by that time.

This assessment year's tax filing season comes with several important changes as reporting requirements have been revised in multiple areas. While the filing process may appear largely similar, filing your return for income earned in financial year 2025-26 may not exactly be the same last year.

Additionally, this will be the final ITR filing cycle under the old Income Tax Act,...