Filing ITR for the first time? Don't start without these documents
ITR Filing 2026: Filing your ITR for the first time? Find out which documents are required, what the income limit is, and how to file your return online in minutes.
ITR Filing 2026: Every year, lakhs of people file their Income Tax Returns (ITR). While the process might seem daunting for first-time filers, having the right information and necessary documents allows you to complete the task from the comfort of your home in just a few minutes. Filing your ITR on time is not only a legal obligation but also offers several significant benefits.
Why is filing an ITR important?
Filing an ITR becomes mandatory if your annual income exceeds the basic exemption limit set by the government. Failure to file the return on time can result in interest charges and penalties.
What is the income limit?
| Tax Regime | Income Limit |
|---|---|
| Old Tax Regime (Below 60 Years) | ₹2.5 Lakh |
| Old Tax Regime (60–80 Years) | ₹3 Lakh |
| Old Tax Regime (Above 80 Years) | ₹5 Lakh |
| New Tax Regime | ₹3 Lakh |
How do I file an ITR for the first time?
You can easily file your return by visiting the Income Tax Department's e-filing portal.
Step-by-step process:
• First, register on the e-filing portal.
• Enter your PAN and personal details.
• Complete the verification process using the OTP sent to your mobile number and email.
• After logging in, select the "File Income Tax Return" option.
• Choose the relevant assessment year and the correct ITR form.
• Enter details regarding your income, bank account, and other necessary information.
• Review all the information and submit the return.
• Complete the e-verification process using an Aadhaar OTP or net banking.
Which documents should you keep ready?
It is advisable to keep certain essential documents handy before filing your return. List of essential documents:
• Form 16
• Form 26AS and AIS
• Bank statements
• Salary slips
• Proof of tax-saving investments
• Rent receipts (if claiming HRA)
• Home loan interest certificate
• PAN and Aadhaar
• Documents related to other income
Having these documents minimizes the risk of errors and facilitates faster filing of the tax return.
What are the benefits of filing an ITR?
Filing an ITR is not merely a means to pay taxes; it also strengthens your financial identity.
Key benefits:
• Ease of obtaining a tax refund
• Assistance in securing bank loans
• Reduced likelihood of receiving income tax notices
• Protection against penalties and interest
• Convenience during the visa application process
• Facility to carry forward losses to future years
