If you are a salaried employee planning to file your Income Tax Return (ITR) for AY 2026-27, experts say it may be smarter to wait until June 15.
The reason is simple — important tax documents like AIS, Form 26AS, and TIS usually continue getting updated during the first few weeks of June.
If taxpayers file returns too early, there is a higher chance of missing income details or incorrect TDS information, which can later lead to notices, refund delays, or revised tax returns.
Why Waiting Till Mid-June Is Important
According to tax experts, employers, banks, mutual funds, and other financial institutions submit TDS returns and financial transaction details by May 31.
After that, the Income Tax Department updates records such as:
AIS (Annual Information Statement)
Form 26AS
TIS (Taxpayer Information Summary)
This update process usually continues till the middle of June.
Because of this, details related to salary income, bank interest, dividends, mutual funds, capital gains, and TDS credits may appear only after the updates are completed.
Filing Early Can Lead to Costly Mistakes
Experts warn that filing ITR before all records are updated can create several problems.
Many taxpayers accidentally miss reporting:
Bank interest income
Dividend income
Capital gains
Interest on tax refunds
Correct TDS credits
If the information in your ITR does not match the data available with the Income Tax Department, you may receive notices or face delays in refund processing.
In some cases, taxpayers may even need to file a revised return later.
Form 16 Is Also Usually Available by June 15
Another important reason to wait is Form 16.
Most employers issue Form 16 after completing their quarterly TDS filings, which generally happens by June 15.
Form 16 helps salaried employees correctly verify salary income, tax deductions, exemptions, and TDS details before filing their return.
Without it, there is a higher risk of mistakes in tax filing.
Important Checks Before Filing Your ITR
Tax experts suggest salaried taxpayers should carefully review several details before submitting their return.
Here are some important checks:
Match AIS, Form 26AS, and TIS with your personal records
Verify salary and TDS details in Form 16
Check bank interest, dividend income, and capital gains
Review all deductions and exemptions carefully
Ensure all bank accounts are mentioned in the ITR
Pre-validate your refund bank account on the income tax portal
Check whether the old or new tax regime is more beneficial
Taxpayers should also verify disclosures related to unlisted shares, directorships, foreign assets, and exempt income wherever applicable.
Experts Say Careful Filing Can Prevent Notices
Tax professionals believe that rushing to file returns often creates avoidable errors.
Waiting a few extra days allows taxpayers to reconcile all information properly and reduce the chances of tax notices, revised demands, or refund delays.
For salaried employees, a carefully filed return is usually better than an early return with mistakes.
