Income-tax Return filing dates and revised ITR fees for Tax Year 2026-27: When you have to pay ₹5000

If your total income is over ₹5 lakh and you file a revised return, you will have to pay a fee of ₹5000 in Tax Year 2026-27 and later, as per the Finance Bill 2026. However, the revised-return filing fees is only ₹1000 in cases where the total income is below ₹5 lakh. In addition to the fees, the Finance Bill 2026 has also proposed extending the deadline for filing revised return as well as the due date for filing normal returns in certain cases. Here's an explainer

What is the existing rule for revised ITR filing?

Section 263 of the Income-tax Act, 2025 (corresponding to section 139 of the Income-tax Act, 1961) provides for a statutory framework prescribing the classes of persons required to file returns, the applicable due dates, and the various categories of returns that may be furnished, including original returns, belated returns, revised returns, and updated returns.

Section 263(5) of the Income-tax Act 2025 provides for the filing of a revised return of income. It permits a person who has furnished a return or a belated return to revise such return upon discovery of any omission or wrong statement in the original or belated return.

Under the existing provisions, a revised return is required to be furnished within 9 months from the end of the relevant tax year, or before completion of assessment, whichever is earlier. The scope of section 263(5) of the Income-tax Act 2025 enables taxpayers to file a revised return to rectify omissions or incorrect statements relating to income, deductions, exemptions, losses, or other particulars disclosed in the return of income.

What is the proposed rule for revised ITR filing?

It is proposed to extend the prescribed time limit for filing a revised return from the existing nine months to 12 months from the end of the relevant tax year.

"At present, the time limits for filing belated returns and revised returns coincide, both being nine months from the end of the tax year. As a result, taxpayers filing a belated return towards the end of the permitted period do not have any effective opportunity to revise such a return. The proposed extension seeks to address this practical constraint by allowing an additional window only for revised return even and not for belated returns," said CA Dr Suresh Surana.

Accordingly, section 263(5) of the Income-tax Act 2025 has been proposed to be amended to increase the time limit for filing a revised return to 12 months from the end of the relevant tax year.

It has also been proposed to levy a fee under section 428(b) of the Income-tax Act 2025 in respect of revised returns filed beyond nine months from the end of the relevant tax year.

What are the fees for a revised return filing?

The proposed fees for filing revised returns are as follows:

What are the new ITR filing due dates?

There is no change in ITR filing due date for general taxpayers. However, the Finance Bill has proposed to extend the deadline for in non-audit business cases and trusts cases.

"Assessee having income from profits and gains of business or profession whose accounts are not required to be audited under this Act or under any other law in force and partner of a firm whose accounts are not required to be audited under this Act or under any other law in force or the spouse of such partner (if section 10 applies to such spouse), their due date for filing of return is proposed to be extended from 31st July to 31st August. Further, individuals who files ITR-1 & ITR-2, their due date for filing return of Income shall remain 31st July. ' the Budget Memorandum says.

The above due dates of ITR filing will apply when filing returns for Tax Year 2026-27 and subsequent tax years.