AY 2026-27 · Income tax for individuals
Start with your Form 16.
Finacra reads your Form 16, estimates tax under both regimes and checks the return against the official CBDT AY 2026-27 schema. It offers a file only when that check passes.
Forms
Resident individual; salary / one-house-property / other-source income up to ₹50 lakh; not a director, not holding unlisted equity.
Resident salaried individual, one or more Form 16s, interest income, filing an original or belated return. No house property, no capital gains, no representative filing, no revised or notice return. Checked against the official CBDT AY 2026-27 schema, V1.1. Not tested in the Income Tax Department offline utility.
Individual / HUF with capital gains, multiple house properties, foreign income / assets, or directorships — but no business or professional income.
Individual / HUF carrying on business or profession (partner in firm / proprietor); regular books, not presumptive.
Resident individual / HUF / firm (non-LLP) opting for presumptive taxation under Sec 44AD / 44ADA / 44AE; total income up to ₹50 lakh.
Firms, LLPs, AOPs, BOIs, business trusts, investment funds, estates, local authorities, co-op societies.
Companies other than those claiming Sec 11 exemption.
Trusts, political parties, scientific research associations, news agencies, and eligible educational or medical institutions.