5 ITR Mistakes That Can Cost You ₹10,000+
Many salaried Indians make avoidable errors while filing their ITR — like missing interest income or ignoring Form 26AS mismatches. These mistakes can trigger tax notices, refund delays, or extra penalties you never expected.
One wrong figure in your ITR can delay your refund longer than it took you to earn it — sometimes 6+ months.
One careless ITR mistake could cost you this much in penalties
Key Takeaways
Download your Form 26AS and AIS from the income tax portal (incometax.gov.in) before filling even one field in your ITR — check every entry matches your records.
Report ALL income sources — savings account interest, FD interest, rental income, freelance payments, and even capital gains from mutual funds or stocks, however small.
Cross-check the pre-filled ITR carefully before submitting — auto-filled data from the portal sometimes contains errors or missing entries that you are still legally responsible for.
Many salaried Indians make avoidable errors while filing their ITR — like missing interest income or ignoring Form 26AS mismatches. These mistakes can trigger tax notices, refund delays, or extra penalties you never expected.
Here's what happened: ITR filing season for FY 2025-26 is open, and the deadline for salaried taxpayers is July 31, 2026 — missing it means a late fee up to ₹5,000.. Common errors include not reporting bank interest, freelance income, or capital gains — all of which the IT department can cross-check using Form 26AS and AIS.. Mismatches between your ITR and Form 26AS or Annual Information Statement (AIS) often trigger automated scrutiny notices from the Income Tax department..
What you should do: Download your Form 26AS and AIS from the income tax portal (incometax.gov.in) before filling even one field in your ITR — check every entry matches your records.. Report ALL income sources — savings account interest, FD interest, rental income, freelance payments, and even capital gains from mutual funds or stocks, however small.. Cross-check the pre-filled ITR carefully before submitting — auto-filled data from the portal sometimes contains errors or missing entries that you are still legally responsible for..
Pro tip: If you spot a mistake after filing, you can file a revised ITR anytime before December 31, 2026 — you are not stuck with errors you catch later.
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This article is reported by GoCredit's Editorial Team based on the source above. GoCredit synthesises, contextualises, and adds India-borrower-relevant analysis. We are not the original publisher.