Income Tax Department enables ITR-2 online and Excel filing for AY 2026-27, easing return submission for salaried taxpayers, investors, and individuals with capital gains.
Vanshika verma | May 27, 2026 |
Income Tax Alert: ITR-2 Online Filing and Excel Utility Now Live on e-Filing Portal
The Income Tax Department has made available the online filing and Excel utility for ITR-2 on the e-Filing portal for Assessment Year (AY) 2026-27, effective May 27, 2025. The new update allows salaried employees, pensioners, students and other taxpayers not liable for tax audits to file their Income Tax Returns (ITR).
Taxpayers can choose from three filing options:
The last date to file ITR for AY 2026-27 is July 31, 2026. Similarly, for AY 2027-28, the deadline is July 31, 2027.
As per income tax rules, individuals with annual income below Rs 2.5 lakh are not required to file an ITR. However, people earning higher incomes must still file returns even if no tax is payable.
For example, a salaried person earning up to Rs 12 lakh annually may not have to pay income tax under the new tax regime because of the higher rebate available under Section 87A. Despite this benefit, filing an ITR remains mandatory for eligible taxpayers.
It is the form used by people who earn money from:
But it is not for people who have income from a business or profession.
You usually file ITR-2 if:
Kind Attention Taxpayers!
Online filing and Excel Utility for ITR-2 for A.Y. 2026–27 are now enabled on the e-Filing portal.
Visit:https://t.co/1vnMusEbbF@nsitharamanoffc@officeofPCM@FinMinIndia@PIB_India pic.twitter.com/Grus6GIO51
— Income Tax India (@IncomeTaxIndia) May 27, 2026
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