Income Tax Alert: ITR-2 Online Filing and Excel Utility Now Live on e-Filing Portal:

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:

1. The online utility on the e-Filing portal
2. The stand-alone Excel Utility, or
3. Filing through the ITR portal directly.

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Deadline

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.

What is ITR-2?

It is the form used by people who earn money from:

• Salary or pension
• More than one house property
• Capital gains (like profit from selling shares, mutual funds, property, crypto, etc.)
• Foreign income or foreign assets
• Other sources (interest, dividends, lottery, etc.)

But it is not for people who have income from a business or profession.

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Who Can File ITR-2?

You usually file ITR-2 if:

• You are a salaried employee and also invest in stocks/mutual funds.
• You sold property or shares and made a profit/loss.
• You own multiple houses.
• You have income from abroad.

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