<h1>Income Tax Returns 2025-26: Simplified Filing for Salaried Individuals and Presumptive Taxation Scheme Taxpayers</h1> The income tax department has notified all seven income tax return forms for assessment year 2025-26. Key changes include allowing salaried individuals and those under presumptive taxation scheme with long-term capital gains up to Rs 1.25 lakh to file ITR-1 and ITR-4. Capital gains tax reporting has been modified, with a new split based on pre and post July 23, 2024 gains. The threshold for reporting assets and liabilities in ITR-3 has been raised from Rs 50 lakh to Rs 1 crore. The last date for filing returns for individuals is July 31.