ITR Filing Deadlines & Penalties – AY 2026-27

For non-audit individuals, the last date to file and submit the income tax return (AY 2026-27) is 31st July 2026. In case you miss filing the ITR by 31st July, you may still file it until 31st December of the assessment year.

However, late filing can attract interest charges under Section 234A of the Income Tax Act, 1961. Additionally, a fee of up to ₹5,000 may be charged for late filing under Section 234F.

At JioFinance, we make this task easier for you. File ITR free of cost on the JioFinance app to avoid unnecessary fines and charges. Read on to understand the ITR filing due dates and details for AY 2026-27.

Income Tax Act 2025: What you need to know?

Taxpayers should know that from April 1, 2026, the Income Tax Act 2025 has fully replaced the existing Income Tax Act, 1961. For an easy and simplified transition, the Government of India has given the provision that for the Financial Year 2025-26 (Assessment Year 2026–27), taxpayers need to file their income tax returns as per the Income Tax Act, 1961.

ITR filing due dates for AY 2026-27

Different types of taxpayers are assigned different deadlines for ITR filing. Here are the details for AY 2026-27:

Make sure to file your returns within the deadline to avoid penalties and fines.

Penalty for late ITR filing

Late filing comes with interest charges and fines. Here are the details:

What happens if you miss the ITR deadline?

It is highly recommended that you file your taxes on time. Not doing so can lead to the following:

Missed the deadline? You can still file your ITR

The best practice is to file your ITR within the due date. Still, if you miss the deadline, the belated due date for ITR filing is 31st December of the assessment year. For AY 2026-27, it is 31st December 2026.

If you fail to file ITR even by 31st December, you still have 4 years' time from the last date of the assessment year (31st December). For AY 2026-27, it will be 31st March 2031. However, you will have to bear the penalties.

How to file before the deadline with JioFinance?

Filing ITR before the deadline is important to ensure timely submission and avoid unnecessary fines and penalties. You may file ITR through the JioFinance mobile application for a hassle-free experience.

Step 1: Login

Download the JioFinance app. Verify your mobile number with the OTP.

Step 2: Select tax filing

Scroll the dashboard, click on “Tax”. You will see two options: Tax Filing and Tax Planning. Click on tax filing.

Step 3: Submit the ITR

The app will guide you step-by-step to upload, review and file your ITR in a matter of minutes. The app is self-explanatory, making the process very simple.

In case of any query, there is assistance at every step.

How to correct errors in ITR filing?

Filing ITR requires careful attention. Yet, sometimes errors may occur. You need not worry, though, because the Income Tax Department lets you correct the errors committed in ITR filing. For this, updated ITR and revised ITR have to be filed. Here are the details:

Revised ITR

In the revised ITR, you can correct the errors committed in the original income tax return.

• The due date for the revised ITR for AY 2026-27 is 31st March 2027.
• For instance, suppose you filed ITR within the deadline. On 5th August 2026, you realised that you didn't claim certain deductions. In that case, you can file a revised ITR by 31st March 2027 with correct details.

Updated ITR

An updated ITR is filed when you forget to submit the revised ITR by 31st March.

• The due date for the updated ITR for FY 2026-27 is 31st March 2031 (four years from the assessment year's last date)
• Imagine this, on 10th April 2027, you realised that you didn't claim certain deductions in the ITR. However, now the due date for the revised ITR for AY 2026-27 has passed. So, now you need to file an updated ITR by 31st March 2032.

To conclude

Filing an income tax return within the deadline is crucial to avoid unnecessary penalties, late fines, and other consequences. Understanding the process of filing ITR and the specific due date for different taxpayer categories is important to file your ITR properly and stay legally compliant. At Jio Financial Services, we keep you updated regarding income tax return filing and provide the needed assistance for the process.