New Delhi, June 4 -- The Income-Tax Department has notified all I-T return forms for the financial year 2025-26 i.e. the assessment year 2026-27. Further, the department has enabled Excel Utility for ITR-1 (Sahaj), ITR-2 and ITR-4 (Sugam) forms on its e-filing portal for FY26 / AY27.

For the current tax year, the deadline for individual taxpayers filing ITR is 31 July 2026. Further, for those using ITR forms 3 and 4, the deadline is 31 August 2026. Taxpayers who miss the July deadline can still file a delayed return by 31 December.

Deductions are investments and expenditure that can be claimed on the gross total income that reduces a taxpayers' total taxable income and thus reduces tax payable. This includes investments made in educatio...