ITR Filing FY26: Income Tax Department Releases Excel Utility For ITR-5 And ITR-7

Written by: Kusum KumariUpdated on: 16 Jul 2026, 10:38 pm IST

The Income Tax Department has released the Excel Utility for ITR-5 and ITR-7 for FY26. Here's who should use these forms and how to file your return.

The Income Tax Department has made the Excel Utility for ITR-5 and ITR-7 available on its e-filing portal for Financial Year 2025-26 (FY26), corresponding to Assessment Year 2026-27 (AY27).

The Excel Utility allows taxpayers to prepare their income tax returns offline before uploading them to the e-filing portal.

Earlier, the department had also released the Excel Utility for ITR-1 (Sahaj), ITR-2, ITR-3 and ITR-4 (Sugam).

Taxpayers have until August 31, 2026, to file their income tax returns. The due date was extended by one month from the earlier deadline of July 31, 2026.

Which ITR Form Should You Choose?

Selecting the correct ITR form is important to ensure smooth processing of your return. Filing the wrong form could lead to delays or notices from the Income Tax Department.

ITR Form	Who Can File It?
ITR-1 (Sahaj)	Resident individuals with total income up to ₹50 lakh, income from salary, one house property and other sources.
ITR-2	Individuals and Hindu Undivided Families (HUFs) not eligible to file ITR-1 and who do not have business or professional income.
ITR-3	Individuals and HUFs earning income from business or profession requiring detailed books of accounts.
ITR-4 (Sugam)	Resident individuals, HUFs and firms (excluding LLPs) with income up to ₹50 lakh under the presumptive taxation scheme.
ITR-5	Firms, LLPs, Association of Persons (AOPs), Body of Individuals (BOIs) and other entities, except individuals, HUFs, companies and those filing ITR-7.
ITR-7	Entities, including companies, required to file returns under Sections 139(4A), 139(4B), 139(4C) or 139(4D) of the Income-tax Act.

How To Use the Excel Utility?

Taxpayers can prepare and submit their returns by following these steps:

Log in to the Income Tax Department's e-filing portal using your User ID and password.
Download the relevant Excel Utility for your applicable ITR form.
Enter all the required details in the utility.
Generate the JSON file after completing the return.
Upload the JSON file on the e-filing portal.
Verify the information before submitting the return.
Complete the e-verification process after filing.

First-time users must register on the portal using their PAN, Aadhaar and other required details.

Precautions To Take While Filing Your ITR

Before filing your return, taxpayers should:

Select the correct tax regime.
Download and verify AIS and Form 26AS to match TDS, TCS and tax payments.
Keep documents such as Form 16, bank statements, investment proofs, interest certificates and deduction-related documents ready.
Verify pre-filled details, including PAN, address, contact information and bank account details.
Choose the correct ITR form based on the source of income.
Ensure all income, deductions, and taxes paid are reported accurately.
Complete the e-verification after filing. If opting for physical verification, send the signed ITR-V to the Centralised Processing Centre in Bengaluru within the prescribed time.

Why You Should File Early?

Filing your return before the deadline can help avoid last-minute technical issues and calculation errors. Delayed filing may also result in late filing fees, restrictions on carrying forward certain losses and the loss of eligible deductions or exemptions.

Conclusion

With the Excel Utility now available for ITR-5 and ITR-7, taxpayers can prepare their returns offline and file them conveniently through the Income Tax Department's e-filing portal. Choosing the correct ITR form, verifying tax details and filing before the August 31, 2026, deadline can help ensure a smooth and hassle-free return filing process.

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Published on: Jul 14, 2026, 3:44 PM IST

Kusum Kumari

Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.

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