ITR Filing for Salaried Employees in Lucknow — FY 2025-26 Guide

UP's state capital and a growing commercial hub — Lucknow is known for Chikankari crafts, government procurement contracts, and a rapidly expanding real estate and IT sector. For salaried employees in Lucknow, Uttar Pradesh — whether you work in Hazratganj, live near Gomti Nagar, or are employed anywhere across the city — filing your Income Tax Return (ITR) accurately and on time is both a legal obligation and a financial opportunity. TaxAMC's CA team provides complete salaried ITR filing, Form 16 review, deduction optimisation, and refund tracking for employees across Lucknow.

1. Salaried ITR Filing in Lucknow — FY 2025-26 Overview

Salaried employees in Lucknow receive income under the head "Salaries" — basic pay, HRA, special allowances, bonuses, and perquisites. Your employer deducts TDS each month and issues Form 16 at year end. Filing ITR for FY 2025-26 (AY 2026-27) reconciles all this and allows you to claim any excess TDS as a refund. The deadline for salaried employees in Lucknow is 31st July 2026.

Lucknow's key industries — Chikankari embroidery and textile crafts, Government and PSU contracting, Real estate and construction — mean salaried employees here often have diverse income sources beyond basic salary: performance bonuses, stock options, rental income, and investments. TaxAMC's CA team handles all these income types accurately.

2. Which ITR Form for Lucknow Salaried Employees?

ITR Form	Applicable For
ITR-1 (Sahaj)	Salary income, one house property, other sources (interest, dividend) — total income up to ₹50 lakh, no capital gains, no foreign assets
ITR-2	Capital gains from shares or property, multiple house properties, foreign assets or income, or total income above ₹50 lakh

Most regular salaried employees in Lucknow use ITR-1. However, if you sold shares, mutual funds, or property during FY 2025-26 — or if your salary exceeds ₹50 lakh — you must use ITR-2.

3. Documents Required for Salaried ITR in Lucknow

• Form 16 Part A and Part B — from your employer (available by 15th June 2026)
• AIS / Annual Information Statement — download from incometax.gov.in — shows all income and TDS
• Form 26AS — cross-check TDS credits
• Bank statements — interest income from savings, FDs
• Investment proofs — LIC, PPF, ELSS, NSC, health insurance receipts
• Rent receipts — for HRA claim (landlord PAN if rent above ₹1 lakh/year)
• Home loan certificate — for interest deduction under Section 24(b)
• Capital gains statement — from broker or mutual fund house (if applicable)

4. HRA Exemption for Lucknow Salaried Employees

If you live in rented accommodation in or near Lucknow, HRA exemption can significantly reduce your taxable income. The exempt amount is the lowest of:

• Actual HRA received from employer
• 40% of basic salary (Lucknow is a non-metro city)
• Actual rent paid minus 10% of basic salary

Keep rent receipts for every month and the rent agreement. If your annual rent exceeds ₹1 lakh, your landlord's PAN is mandatory for the HRA claim.

5. Key Deductions for Lucknow Salaried Employees

Section	Deduction	Limit
16(ia)	Standard Deduction	₹50,000 (old regime) / ₹75,000 (new regime)
80C	EPF, PPF, ELSS, LIC, tuition fees, home loan principal, NSC	₹1,50,000
80D	Health insurance — self, family + parents	Up to ₹75,000
80CCD(1B)	Additional NPS contribution	₹50,000
24(b)	Home loan interest on self-occupied property	₹2,00,000
80TTA	Savings account interest	₹10,000

6. New vs Old Tax Regime — Which Saves More for Lucknow Employees?

For FY 2025-26, you can choose either regime. The new regime is the default — you must explicitly opt for old regime if it benefits you.

Old regime is better if your total deductions (80C + 80D + HRA + home loan + NPS) exceed approximately ₹3.75 lakh. This is common for Lucknow employees who rent accommodation, pay home loan EMIs, and invest regularly in 80C instruments.

New regime is better if your investments are minimal, you live in company accommodation, or your total deductions are low. New regime offers a higher standard deduction of ₹75,000 and simpler filing.

TaxAMC's CA team computes your tax under both regimes and recommends the one that saves more for your specific situation in Lucknow.

7. Areas We Serve in Lucknow

TaxAMC provides salaried ITR filing services across all localities in Lucknow, including:

• Hazratganj
• Gomti Nagar
• Alambagh Industrial Area
• Amausi (Airport Zone)
• Sushant Golf City
• Aminabad Market
• Chowk
• Vibhuti Khand IT Zone

Also serving salaried employees in nearby cities: Kanpur, Agra, Varanasi, Rae Bareli.

8. Frequently Asked Questions — Salaried ITR in Lucknow