ITR Forms Are Live — But Wait Till 15 June?

ITR forms for FY 2025-26 are out, but tax experts say salaried people should hold off filing until June 15. Here's why rushing now can actually create more problems than it solves.

Here's what happened: The Income Tax Department has released ITR forms 1 through 7 for FY 2025-26 (Assessment Year 2026-27), including offline Excel utilities for ITR-1 and ITR-4.. Most salaried employees will not receive their Form 16 from employers before June 15, as the deadline for employers to issue it is June 15 every year.. Filing without Form 16 increases the risk of errors — mismatched TDS figures, wrong salary breakups — which can trigger notices or require a revised return later..

What you should do: Wait until you receive Form 16 from your employer — do not file ITR using only your salary slips or AIS data, as figures may not match.. Log in to the Income Tax portal and verify your Annual Information Statement (AIS) and Form 26AS now — check for any errors or missing TDS credits before you file.. If you have income from multiple sources (freelance, rent, capital gains), gather all documents first — rushing an incomplete return means filing a revised return later, which adds hassle..

Even if your TDS is fully deducted and you expect no refund, a mismatched return can trigger a Section 143(1) notice. Always reconcile Form 16 with your AIS before hitting submit.