Complete Guide to Income Tax Return Filing for Salaried Individuals in India (Assessment Year 2025-26)

Filing an Income Tax Return Filing (ITR) is a crucial responsibility for every salaried individual in India. It ensures transparency in earnings and compliance with tax laws. With the assessment year 2025-26 underway, understanding the updated rules and procedures for ITR filing is more important than ever. Corpbiz.io brings you a comprehensive guide to help salaried individuals navigate the ITR filing process with ease. Key Changes in Income Tax for AY 2025-26 This year, several changes have been introduced in the income tax structure. The new tax regime offers lower tax rates but fewer exemptions, while the old regime continues to provide traditional deductions. The standard deduction for salaried employees remains at Rs. 50,000. Taxpayers earning up to Rs. 7 lakh under the new regime are exempt from tax due to the rebate under Section 87A. Choosing between the new and old regime depends on individual financial planning, and Corpbiz.io can assist in making the right choice. Eligibil...